Powerwell wins purchase orders worth RM9.3mil

KUALA LUMPUR: Powerwell Holdings Bhd’s wholly owned subsidiary, Kejuruteraan Powerwell Sdn Bhd, has secured two purchase orders totaling RM9.27mil from Datapuri Sdn Bhd.

In a filing with Bursa Malaysia, Powerwell said the contract is for the supply, delivery, assistance during testing, and commissioning of low-voltage electrical switchboards and associated equipment components for the project rapid transit system (RTS) Link (package 4 and package 6).

The purchase orders are expected to be fulfilled by end-March 2024, with the final deliveries expected to take place in the fourth quarter of the calendar year 2024.

Powerwell expects the purchase orders to contribute positively to its consolidated earnings and net assets for the financial year ending March 31, 2025.

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