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Libra Group secures $45.0 million worth of contracts

Vincent Chia

Libra Group Limited announced that it has won $45.0 million of contracts. These are for a total of 3 contracts. The first 2 contracts are for Philips Electronics’ Toa Payoh industrial building which is expanding from 4 storeys to 6. Libra Group is responsible for the electrical, air-conditioning, mechanical ventilation and fire protection work as well as the architectural works. These 2 contracts have expected completion in Dec 2015. The other contract is for air-conditioning and mechanical ventilation work at a 10 storey hotel and 3 storey clubhouse at Stevens Road. Expected completion is Apr 2017. These new contract wins raise Libra Group’s orderbook to about $102million.

GET TO THE POINT : Always a great feeling when you double your orderbook.

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