PETALING JAYA: Powerwell Holdings Bhd
has accepted a supply contract from a leading international contractor for the supply and delivery of electrical low voltage switchboards for a data centre in Malaysia, worth RM27mil.
In a filing with Bursa Malaysia, the group, which specialises in the design, manufacturing and trading of electricity distribution products, said the contract was secured by its wholly-owned subsidiary, Kejuruteraan Powerwell Sdn Bhd.
“The supply contract is expected to be fulfilled by the first quarter of calendar year 2025.”
Powerwell said the contract is expected to contribute positively to its consolidated earnings and net assets for the financial year ending March 31, 2025.
“The company does not foresee any exceptional risks other than the normal operational risks associated with the supply contract and the company will take the necessary steps to mitigate the risks.
“The board of directors of powerwell, having considered all aspects of the supply contract, is of the opinion that the supply contract is in the best interests of the company.”
