GRC’s wholly owned subsidiary CES_SDC, in a joint venture with Chan & Chan Engineering, has been awarded a contract valued at about $273 million by the Land Transport Authority.
CES_SDC is the lead joint venture partner for this project.
The contract involves design and construction of road and commuter infrastructure works at several areas in Singapore, and the construction period is expected to span approximately 48 months, with works scheduled to commence in October 2025.
The group expects this contract to contribute positively to its net tangible assets and earnings per share for the current financial year ending June 30, 2026.
Shares in GRC closed 0.2 cents higher or 2.299% up at 8.9 cents on Oct 8.
