KUALA LUMPUR: Powerwell Holdings Bhd
‘s subsidiary International Sdn Bhd, has secured a fundamental constructing works contract from Tialoc Malaysia Sdn Bhd for RM40mil.
It stated the contract entails the availability, set up, testing and commissioning of medium voltage switchgears and energy distribution transformers for a number one multinational company’s semiconductor and testing plant in Kulim Hi-Tech Park, Kedah.
The contract will kick-off by end-March 2022 and is focused for completion by October 2022.
“I want to thank Tialoc Malaysia for his or her belief in our merchandise and confidence with our supply schedule. This contract is anticipated to contribute positively to Powerwell’s consolidated earnings and internet property for the monetary yr ending 31 March 2023,”
“With the development of our Malaysia economic system, we’re optimistic that the development and infrastructure business shall be extra vibrant.
“As the nation transits into the endemic section and with borders re-opening in April 2022, we are going to actively look into extra tender alternatives, each domestically and regionally by leveraging on our confirmed monitor file,” stated Powerwell regional gross sales director Aaron Leong in an announcement.
At noon break, shares in Powerwell final crossed 0.5 sen or 2.38% decrease at 20.5 sen a share with 80,000 items executed.
