PETALING JAYA: Binastra Corporation Bhd has secured a RM574.4mil contract from Exsim Jalil Link Sdn Bhd to design, construct, test and commission the main building works for Phase 2 of a proposed data centre development in Bukit Jalil, Kuala Lumpur.
In a filing with Bursa Malaysia, the group, formerly known as Comintel Corp Bhd
said it was awarded the job through its wholly owned subsidiary, Binastra Builders Sdn Bhd.
Commencing on Oct 1, 2024, the contract duration is 16 months. The building works include a five-storey data centre block, office spaces and electrical substation, among other facilities.
This new job award is expected to contribute positively to the earnings and net assets per share of Binastra Corporation for the financial years ending January 31, 2025 and 2026.
In a statement, Binastra Corporation said it has been actively pursuing new contracts to bolster its order book since the takeover of Comintel Corporation Bhd.
To date, the group has secured RM2.5bil in new contracts for the financial year ending January 31, 2025 (FY25). To put this into perspective, this RM2.5bil has already far exceeded the combined value of total contracts won for the two preceding financial years.
The company noted that the proposed data centre, which represents the group’s largest single contract ever secured, has led to an all-time high outstanding order book of RM3.3bil. Moreover, this latest contract will be Binastra Corporation’s 11th contract for FY25.
Binastra Corporation managing director Datuk Jackson Tan Kak Seng said the new contract is a reflection of the company’s clients’ continued trust in its capabilities to take on more complex design and build projects.
“After being entrusted with Phase 1 of this data centre development project in 2023, which is expected to be completed by end of 2024 and successfully tenanted by Singapore-based technology company, Aperia Cloud Services, we are humbled to be given the responsibility of overseeing the second phase of this proposed data centre through this latest contract.
“Our quality craftsmanship and timely project delivery have solidified our client’s confidence in us. As we move into Phase 2, we will collaborate closely with our client and engineers to incorporate enhanced environmental, social, and governance features, ensuring the development aligns with global sustainability standards,” he said.
