Engtex Group Bhd, which is one of Malaysia’s largest pipe manufacturers, is well-positioned to benefit from the revival of water infrastructure projects.
KUALA LUMPUR: Taliworks Corporation Bhd has received a contract from Pengurusan Air Selangor Sdn Bhd (Air Selangor) worth RM602.43 million for the proposed development of Sg Rasau water treatment plant and water supply scheme (Phase one), Selangor Package 2.
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expects its business performance to remain resilient, despite the impact of the Covid-19 pandemic, as it seeks out new value-accretive opportunities to drive our earnings growth.
The infrastructure company is engaged in water treatment, supply and distribution, highway and toll management, waste management and construction and engineering.
The company had on Wednesday reported a revenue of RM65.6mil which was affected by the lower contribution from the water treatment, supply and distribution segment, where contribution from the Langkawi operations ceased from Oct 31,2020.
Taliworks said in addition, the movement control order that was re-imposed on Jan 13,2021 by the authorities to curb the Covid-19 pandemic also impacted its toll highway operations.