Powerwell unit secures RM22.05mil supply deal

KUALA LUMPUR: Powerwell Holdings Bhd's wholly-owned subsidiary Kejuruteraan Powerwell Sdn Bhd has accepted a job from One Ocean Environment Sdn Bhd for the supply of low voltage switchboards for the Proposed Development of Sg. Rasau Water Supply Scheme (Stage 1) Selangor for RM22.05mil.

In a filing with Bursa Malaysia, the group said the contract was for Package 1 – design and build of proposed Rasau intake, raw water pumping mains, water treatment plant and associated works.

It said the sub-contract is accepted to be completed by end-June 2025.

"The sub-contract is expected to contribute positively to Powerwell’s consolidated earnings and net assets for the financial year ending 31 March 2025 onwards," it said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Powerwell , One Ocean Environment


Next In Business News

Malaysia-Japan trade set to rise this year - Tengku Zafrul
Global trading platform Webull expands to Malaysia
Maybank 1Q earnings up 9.8% on higher core fees
MPI set for strong show
Investors rush to grab piece of US$1.8 trillion UK pensions pie
Starwood’s US$10bil REIT turns to survival mode as pain lingers
Damned if you do, damned if you don’t
US stock changes affect Asia forex trades
Panda to capitalise on new opportunities including e-invoicing
Johor Group Plantations aims to go public in 3Q

Others Also Read