Kelington unit lands India contract with provisional value of RM1.83bil


KUALA LUMPUR: Kelington Group Bhd said its wholly-owned subsidiary has accepted a contract from a leading semiconductor manufacturer in India with a provisional value of US$452mil (RM1.83bil) for the provision of turnkey total facility tool hookup services in relation to the Dholera Fab in Gujarat, India.

The group said it will act as the main contractor and undertake the overall design, installation, connection, testing and handover of manufacturing, laboratory and support tools, together with related tool-specific support systems for Module 1 and Module 2 of the facility. 

The works are expected to commence in September 2026 and are expected to be completed by February 2029 over about 30 months.

The provisional contract price comprises US$249.9 million  for Module 1 and US$202mil for Module 2, covering up to 886 tools across both modules. 

The final contract value will be determined based on the actual quantities of tools and services executed.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Kelington , India , semiconductor

Next In Business News

Emerging market bonds resilient
Fresh test for US bond market�
AI jitters grow, but spending rolls on
Keeping pace
Evolution of China’s expanding pet food sector
Banks in a battle�
Budget won’t shake market
India faces tough challenge to stem outflows
Water is a Saudi tycoon’s best friend
Grid charges temper RE euphoria

Others Also Read