The project will be executed in two phases, with the first phase slated for completion within nine months, while the second phase is to be concluded in 24 months from the commencement date, which is yet to be fixed.
KUALA LUMPUR (Nov 19): Construction company Binastra Corp Bhd (KL:BNASTRA) has secured a contract worth RM256.45 million for mechanical and electrical (M&E) fit-out works of a data centre in Bukit Jalil, Kuala Lumpur.
The job involves the design, construction, completion, testing, and commissioning of the M&E fit-out works for the data centre that is located along Jalan Jalil Perkasa in Bukit Jalil, Binastra’s bourse filing on Tuesday showed.
The project will be executed in two phases, with the first phase slated for completion within nine months, while the second phase is to be concluded in 24 months from the commencement date, which is yet to be fixed.
The contract was secured through its wholly owned Binastra Builders Sdn Bhd on Tuesday, which had accepted the letter of award from Exsim Jalil Link Sdn Bhd, a unit of Exsim Group.
The new job comes after Exsim Jalil in early September awarded Phase 2 of the data centre development works in Bukit Jalil worth RM574.4 million to Binastra, to be completed within 16 months from Oct 1.
Binastra said the latest contract is expected to provide an additional income stream for the group over the next three financial years.
To date, Binastra has secured RM2.7 billion in new contract wins for its financial year ending Jan 31, 2025, bringing its total outstanding order book to RM3.5 billion.
“Transitioning from traditional construction to undertaking specialised M&E works amid the data centre boom reflects the strong confidence our client has in our capabilities. With this 12th contract under our belt, the group remains committed to elevate its expertise and expand into various sub-sectors to unlock new milestones in the construction industry,” Binastra managing director Datuk Jackson Tan Kak Seng said in a statement.
“We look forward to delivering more good news in the near future as the group strives towards greater heights,” he added.
Binastra shares closed two sen or 1.29% lower at RM1.53 on Tuesday, with a market capitalisation of RM1.67 billion. Year to date, the stock has jumped 85 sen or 125%.
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Source: EdgeProp.my
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