Latest news with #PowerwellInternationalSdnBhd
The Star
a day ago
- Business
- The Star
Powerwell secures RM8.3mil data centre project in Indonesia
KUALA LUMPUR: Powerwell Holdings Bhd 's wholly owned subsidiary, Powerwell International Sdn Bhd, has secured a RM8.3 million data centre contract from PT Duta Listrik Graha Prima. In a statement, Powerwell said the contract, which involves the supply of low-voltage switchboards for a data centre project in Indonesia, is expected to be fulfilled by the final quarter of 2025. Group managing director Catherine Wong Yoke Yen said the project highlights the group's strong capabilities, supported by its assembly plant in Indonesia. "More importantly, this win is expected to contribute positively to our earnings for the current financial year,' she said in a statement. Looking ahead, she said the data centre market in Indonesia is anticipated to continue growing at an exciting pace, driven by its favourable cost structure. "We are confident of securing further opportunities, underpinned by our track record and technical expertise. Our team is actively pursuing prospects in both the data centre and infrastructure sectors,' she added. As at end-March 2025, Powerwell's outstanding order book stood at around RM116 million, excluding the contract. - Bernama
New Straits Times
a day ago
- Business
- New Straits Times
Powerwell wins RM8.3 million low-voltage switchboard contract in Indonesia
KUALA LUMPUR: Powerwell Holdings Bhd, through its subsidiary Powerwell International Sdn Bhd (PISB), has secured a purchase order worth RM8.3 million from PT Duta Listrik Graha Prima to supply low-voltage (LV) switchboards for a data centre project in Indonesia. In a filing with Bursa Malaysia, the company said it expects to complete the order by the fourth quarter of 2025. "The order is expected to contribute positively to Powerwell's consolidated earnings and net assets for the financial year ending March 31, 2026," it said. Managing director Catherine Wong Yoke Yen said the data centre project in Indonesia highlights the company's strong capabilities, supported by its assembly plant in the country. She added that the data centre market in Indonesia is projected to maintain strong growth momentum, driven by its competitive cost structure. "We are confident of securing opportunities ahead, premised upon our track record and technical expertise. "Our team is actively pursuing opportunities in the data centre as well as infrastructure space," she added. As of end-March 2025, Powerwell had an outstanding order book of about RM116 million, not including the newly secured contract. At midday, the company's shares rose by 3.85 per cent, gaining two sen to trade at 54 sen, with 2.5 million shares changing hands.
