DL E&C Selected as Preferred Bidder for Pyeongtaek Public Housing Project Worth KRW 216.9 Billion

DL E&C has been selected as the preferred bidder for the integrated private participation public housing construction project in Pyeongtaek Godeok A-69BL and A-71BL, ordered by Korea Land and Housing Corporation LH.
The estimated construction cost is KRW 216.9 billion, representing 33% of the total project cost of KRW 657.2 billion, and 2.93% of the company's recent annual sales of KRW 7.4024 trillion.
The project involves constructing 1,995 apartment units and ancillary welfare facilities as integrated public rental and sale housing.
The contract has not been finalized yet; details may change and will be re-disclosed upon contract signing.
[AI Summary]DL E&C's selection as preferred bidder for a KRW 216.9 billion public housing project from LH is expected to secure a stable revenue base. While new orders may boost future earnings, investors should monitor progress as the contract is not yet finalized.