Serba Dinamik secures RM408.8m contracts in India and Indonesia

KUALA LUMPUR: Serba Dinamik Bhd group has secured an operations and maintenance (O&M) contracts and three information, communication & technology (ICT) jobs worth US$99.6mil (RM408.80mil).

It announced to Bursa Malaysia its unit SDIT International Ltd bagged an ICT contract while its 49% associate Serba2C India Private Limited secured two ICT contracts in India. Its 75% owned PT Serba Dinamik Indonesia secured one O&M contract.

“The combined estimated contract value of the contracts secured above is approximately US$99.60mil, ” it said.

SDIT will provide the design, installation and commission and facilitation of integrated adaptive traffic management system to Captive Technology Solutions Pvt Ltd in India.

In India, it will supply and install CCTV Surveillance in Vizag and also supply, install, implement and maintain Chennai’s safe city project. Both projects are for Analog and Digital Labs India Private Ltd

In Indonesia, it will undertake an O&M project for PT Pilar Bahtera Energi’s customers with a capacity of 15,8 MVA.

In Malaysia, it has secured a contract from LNG Sdn Bhd for rotating equipment maintenance services for the Petronas LNG Complex.

“The contracts above have no specific value as the contracts are on a ‘call-out’ basis whereby the work orders will be awarded at the discretion of the client based on their activities’ schedules and rates throughout the duration of the respective contracts, ” it explained.

Serba Dinamik’s group managing director/group chief executive officer Datuk Mohd. Abdul Karim said the RM408.80mil projects in O&M and ICT “signify our stronger capabilities to secure more projects in ICT and non-oil & gas businesses”.

“The ICT projects in India demonstrate our serious efforts to embrace digital transformation while bolstering and sustaining our core competencies with O&M projects in Malaysia and Indonesia. These ICT projects will intensify our market presence in India, adding to the smart solutions project for the development of smart and safe city.

“We intend to continue this momentum going forward, as these projects will definitely boost our order book and improve our financial position. Further, this is the next avenue for growth and new markets that will ensure the sustainability of the company,” Karim said.

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