Local environmental engineering company Sanli Environmental’s wholly-owned subsidiary — Sanli M&E Engineering — has clinched a cumulative worth of $35m of contracts in Singapore. The contracts include servicing and maintenance of multiple water plants for PUB, Singapore’s National Water Agency; the overhaul of 6.6kV induction motors for large power generation company Tuas Power; the maintenance of the Flower Dome external shading system at nature park Gardens by the Bay; and replacement of the sump pump system and relocation of control panels at a facility in Marina Bay for the Urban Redevelopment Authority (URA).
Sanli’s clientele expands with the addition of Tuas Power, Gardens by the Bay, and the URA. These collaborations contribute to the group’s current order book, which now stands at $335.9m. Barring any unforeseen circumstances, majority of the order book is expected to be fulfilled over the next 3 years. Its CEO and executive director Sim Hock Heng said, “The acquisition of new customers like Tuas Power, Gardens by the Bay, and URA is a major achievement for our operations and maintenance (O&M) business.”
While the financial impact on earnings per share for the FY ending 31 Mar 2024 is expected to be minimal, the group anticipates these contracts to contribute to its financial performance in the next FY ending 31 Mar 2025. None of the directors and controlling shareholders of the company, as well as their respective associates, has any direct or indirect interest in new contracts, save for their shareholdings in the company. Sim added, “We have also moved to our new premises at 22 Chin Bee Drive, which houses our corporate office, workshop, and dormitory in one location and allows us to enhance our efficiencies while lowering our long-term operating costs.”