KUALA LUMPUR: Asteel Group Bhd
(Asteel), via its wholly-owned subsidiary Asteel (Sarawak) Sdn Bhd (ASWK), has jointly secured a RM61.2 million contract for roof and wall cladding of the EBP1A Hyperscale Data Centre at Elmina Business Park, Selangor.
In a filing with Bursa Malaysia today, Asteel said the contract was awarded by Gamuda Engineering Sdn Bhd to a consortium comprising ASWK and Sarnatec Sdn Bhd.
The consortium will be responsible for the roofing and wall cladding work, with the project scheduled to run for 15 months starting Aug 12, 2024.
"Each party will hold a 50 per cent equity interest in the consortium, with profits and losses shared in proportion to their respective interests.
"Sarnatec will act as the lead partner, overseeing overall coordination, management and execution of the project, subject to consortium decisions,” it said.
The group added that the project is expected to enhance its competitive position in future construction projects, particularly given the increasing demand for data centres in Malaysia.
"Barring unforeseen circumstances, the project is anticipated to contribute positively to the future earnings and earnings per share of Asteel Group,” it added. - Bernama
