LFE JV Secures RM38.7mil Data Centre Award

LFE Corp's joint venture firm has accepted a RM38.7mil contract from Gamuda Engineering Sdn Bhd for the completion of a data centre and other facilities in Rawang in Selayang, Selangor.

In a filing with Bursa Malaysia, the group said R&L Engineering Sdn Hd, a partnership between its wholly-owned subsidiary LFE Engineering Sdn Bhd and RYB Engineering Pte Ltd, had undertaken the 12-month contract, which commenced on Oct 4, 2024, and will be completed on Oct 18, 2025.

The contract is expected to contribute positively to the earnings and net assets per share of LFE Group for the financial year ending Dec 31, 2024, and up to the expiry of the Contract.