KUALA LUMPUR: TSR Capital Bhd has clinched a RM307 million civil works sub-contract for a section of the Gemas-Johor Bahru electrified double track project from YTL Corporation Bhd's unit Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd.

It said construction arm TSR Bina Sdn Bhd today accepted the letter of award to undertake site clearance and embankment earthworks with all associated works.

The project was expected to begin this month and be completed by March 2020, TSR Capital said in a filing with Bursa Malaysia.

The company's board of directors expects the project to contribute positively to its results for the financial years ending 2019 and 2020.

For the 18-month financial period ended June 30, 2018, the group's construction segment recorded revenue of RM378.07 million and profit before tax of RM12.79 million.

- BERNAMA