ASTEEL Group Berhad announce that a wholly owned subsidiary had accepted a Letter of Award from Gamuda Engineering Sdn Bhd to a Sarnatec Sdn Bhd – ASTEEL (Sarawak) Sdn Bhd Consortium for the construction and completion of roof and wall cladding work for EBP1A Hyperscale Data Centre at Elmina Business Park with a subcontract sum of approximately RM61.2 million.

The project involves construction and completion of the roof and wall cladding of the EBP1A Hyperscale Data Centre in Elmina Business Park by the Consortium jointly in accordance with the terms and conditions of the main construction agreement with construction time of fifteen months from the commencement date.

The Consortium was formed between ASWK and Sarnatec Sdn Bhd ("Sarnatec") to jointly undertake the Project, leveraging both parties' resources and expertise. Each party will hold an equal equity interest of fifty percent (50%) in the Consortium, sharing profits and losses in proportion to their respective equity interests.

Sarnatec will act as Lead Partner, responsible for the overall coordination, management and execution of the Project, subject to Consortium's partner decisions.

ASWK is principally engaged in manufacture and sale of metal roofing, coated steel products, trading of hardware and building materials, as well as supply and construct of steel truss and roof coverings.

The project ASTEEL said will enhance its project reference and provide a competitive advantage in future construction projects, especially with the growing demand of data centres in Malaysia.

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