HSS Engineers secures US$2.4mil design consultancy deal in India
KUALA LUMPUR: HSS Engineers Bhd (HEB) has secured a US$2.35 million (about RM10.05 million) contract for a container terminal development project in Tuna Tekra, India.
The contract was awarded to its wholly owned subsidiary, HSS Engineering Sdn Bhd (HSSE), the group said in a filing with Bursa Malaysia today.
Under the deal, HSSE will provide building information modelling (BIM) and engineering design consultancy services for the project.
HEB said the letter of appointment was awarded by Ocean Lifespaces India Pvt Ltd for Package 2 of the design and build phase of the Hindustan Gateway Container Terminal Kandla Private Ltd project.
The consultancy services are scheduled to start on June 16 and will span 28 months.
Under the scope of work, HSSE will deliver preliminary and detailed engineering designs, supplementary BIM services and post-construction deliverables.
The professional fees are milestone-based, with 30 per cent already received and the remaining 70 per cent to be paid progressively upon achieving specified project milestones.
HEB said the project would be carried out in exclusive collaboration with HSS Integrated Sdn Bhd, an associate company, in line with their teaming arrangement.
"(This project) represents a significant milestone for the group and aligns with its overarching growth strategy, including geographical expansion into India while complementing our core expertise in the transportation sector," it said.
The group expects the project to contribute positively to its revenue and earnings from the financial years ending Dec 31, 2025, to Dec 31, 2027. It will be funded through a combination of internal funds and external borrowings.
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