Powerwell wins RM8.3 million low-voltage switchboard contract 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.
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