IJM unit wins Indian highway job

PETALING JAYA : IJM (India) Infrastructure Ltd, a unit of IJM Corp Bhd, has won a contract worth RM327mil from Pune Solapur Expressways Pte Ltd for the construction of a highway.

IJM India will build a section of the four-lane highway in Maharashtra, India over 27 months, IJM Corp told the stock exchange.

IJMII is a 99.32% subsidiary of IJMII (Mauritius) Limited, which is a wholly-owned subsidiary of IJM Investments (M) Ltd, which in turn is a wholly-owned subsidiary of the company.

None of the directors or major shareholders of the company, or persons connected with them, has any interest, direct or indirect, in the transaction.

IJM ventured into India in 1998 with the Mumbai Pune Expressway and has successfully completed 11 road projects.

IJM : [Stock Watch] [News]

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