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China Railway Construction wins RMB 19.27 bln contracts

Jul. 24, 2012 (China Knowledge) - China Railway Construction Corp Ltd or CRCC<601186><1186>, a leading state-owned construction company in the country, announced yesterday that three of its affiliates recently signed three contracts worth RMB 19.27 billion in total.

The contract value is equivalent to 4.25% of the company's operating revenue in 2011.

The company said in a statement that its subsidiary China Railway 12th Bureau Group won RMB 8 billion of earthwork contract from a Shanxi-based coal company.

China Railway Construction Group, another subsidiary of China Railway Construction Corp, signed RMB 7.47 billion of construction contract.

In addition, China Railway 25th Bureau Group inked about RMB 4 billion of housing construction contract in Guangdong Province.

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