CIVIL contractor Bina Puri Holdings Bhd has secured a new international contract worth RM183 mil for the construction of the Supreme Court Building Complex in Ramshahpath, Kathmandu, a project funded by the Nepalese Government.
A filing to Bursa Malaysia today showed that Bina Puri together with Kalika Construction Pvt Ltd and Samanantar Nirman Sewa Pvt Ltd had entered into a joint venture agreement to form “Bina Puri-Kalika- Samanantar JV” to construct the project valued at Nepalese rupee (NRs) 5.2 bil.
The 36-month project entails a seven-storey building which includes two basements, RCC framed structure building with complete finishing, landscaping and MEP (mechanical, plumbing and electrical works along with firefighting) works.
“We have been actively participating in the tender for projects both local and overseas to further replenish our order book,” commented Bina Puri’s group executive director Datuk Matthew Tee.
“With the latest award mentioned, the group’s latest project book order will increase to RM1.9 bil.”
Kalika Construction is a leading well-known “A” class Nepalese construction company with over 40 years of experience in all types of construction works.
Meanwhile, Samanantar Nirman Sewa which was founded in 1993 is currently one of Nepal’s growing and most reputable construction companies by having successfully delivered a range of projects for the government and other market sectors.
Bina Puri is among the earliest Malaysian construction company to venture overseas since 1995. It had previously completed a five-star Hyatt Regency Hotel in Kathmandu in April 2000 for RM39 mil. Among the hotel’s shareholders is the Asian Development Bank (ADB).
Elsewhere, Bina Puri has completed three highways in India including the Vijayawada–Eluru Expressway, Tada–Nellore Expressway in Andhra Pradesh and the Chittorgarh–Mangalwar Highway in Rajasthan; the Malaysian Chancery Building and Official Ambassador’s Residence in Beijing (China); and access road for the New Bangkok International Airport (Thailand).
Bina Puri have also completed about 30,000 units of low cost housing and condominiums in various locations in Thailand; two Blocks of 45-storey residential towers in Abu Dhabi (United Arab Emirates); 174 units of villas for the Defense Housing Authority in Lahore (Pakistan) and more than 3,000 houses for the National Housing Scheme of Brunei.
The group is currently undertaking the construction of the Malaysian Embassy Complex in Moscow (Russia).
At the close of today’s morning session, Bina Puri was down 0.5 sen or 5.26% at 9 sen with 11.88 million shares traded, thus valuing the company at RM103 mil – April 20, 2021
