Powerwell secures RM57.61mil orders from global tech giants

KUALA LUMPUR: Powerwell Holdings Bhd’s wholly owned subsidiary, Powerwell International Sdn Bhd has secured purchase orders RM57.61mil from a renowned multinational technology corporation.

In a filing with Bursa Malaysia, Powerwell said the purchase orders are expected to be fulfilled within one year from the date of the purchase orders.

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

“This agreement reflects the trust and reliability that major tech players place in Powerwell and positions us at the forefront of Asia's fast-expanding data centre market. We are committed to delivering excellence and innovation, ensuring the successful execution of this project within the stipulated timeline,” executive director Catherine Wong said in a separate statement.