Powerwell secures purchase orders worth RM9.78mil

KUALA LUMPUR: Powerwell Holdings Bhd's wholly-owned subsidiary, Kejuruteraan Powerwell Sdn Bhd, has secured purchase orders worth RM9.78mil from Raiden M&E Sdn Bhd.

In a filing with Bursa Malaysia, Powerwell said the contract is for the supply, delivery, testing and commissioning of low-voltage electrical switchboards and associated equipment components for the project Rapid Transit System (RTS) Link (Package 2A).

The purchase orders are expected to be fulfilled by the second quarter of the calendar year 2025.

“The purchase orders are expected to contribute positively to Powerwell’s consolidated earnings and net assets for the financial years ending March 31, 2025 and 2026,” it said.