PETALING JAYA: Powerwell Holdings Bhd
has secured a RM158.8mil contract to supply low-voltage switchboards for a data centre or DC project in Johor, strengthening its order book for the current financial year.
In a filing with Bursa Malaysia, the electrical power distribution solutions provider said its wholly owned subsidiary, Kejuruteraan Powerwell Sdn Bhd, received the executed contract on June 15 from a leading international contractor.
The contract, dated June 11, covers the supply and delivery of low-voltage switchboards for the project.
Powerwell said the contract is expected to be completed by the financial year ending March 31, 2027 (FY27).
The company expects the contract to contribute positively to its consolidated earnings and net assets for its FY27.
Powerwell added it does not foresee any exceptional risks arising from the contract beyond normal operational risks associated with project execution.
