KLSE:GAMUDA

3 stories mentioning KLSE:GAMUDA

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Gamuda Unit Bags Nearly MYR6 Billion Project from Sabah State Water Department

Gamuda (KLSE:GAMUDA) unit Upper Padas Power received a Letter of Acceptance worth 5.98 billion ringgit from the Sabah State Water Department for Phase 1 of the Skim Bekalan Air Ulu Padas.The project forms a bolt-on development linked to the Ulu Padas Hydroelectric Project and is designed to strengthen water supply for Sabah's west coast, according to a Wednesday Malaysian bourse filing.Phase 1 involves the construction of a 350 million litres per day water treatment plant in Beaufort, along with about 200km of pipelines stretching from Sipitang to Kota Kinabalu.The project marks a key infrastructure expansion alongside its hydroelectric development in Sabah, Malaysia, the company said.

KLSE:GAMUDA

Asia59d ago

Malaysian Shares End Week in Green on Hopes of US-Iran Diplomatic Progress

Malaysian shares rebounded on Thursday, as investors reacted to renewed optimism over a possible de-escalation in hostilities between the US and Iran.The FTSE Bursa Malaysia KLCI gained 5.50 points to end 0.3% higher at 1,695.21. The day range was between 1,682.88 and 1,696.39.In economic news, Malaysia's economy expanded by 5.3% in the first quarter, easing from the 6.3% growth recorded in the previous quarter, according to advance estimates from the Department of Statistics.Meanwhile, Malaysia's consumer price index rose 1.7% annually in March, up from 1.6% in February, the Statistics Department said. The latest reading was below the 1.8% growth forecast by Trading Economics.In local news, Malaysia will introduce the B15 biodiesel blend gradually to prevent disruptions to the existing fuel supply chain, The Star reported, citing Economy Minister Akmal Nasrullah Mohd Nasir. He said the gradual approach is necessary to ensure blending operations can be adjusted smoothly, particularly at fuel blending centres, without requiring major infrastructure upgrades at the initial stage.In corporate news, shares of Gamuda (KLSE:GAMUDA) gained over 1% on Friday's close after it secured a deal worth 1.72 billion ringgit to build a hyper-scale data centre in Port Dickson, Negeri Sembilan, Malaysia, for a US-headquartered multinational technology company.

FTSE Bursa Malaysia KLCIKLSE:GAMUDA

Asia59d ago

Gamuda Bags MYR1.7 Billion Data Center Construction Contract

Gamuda (KLSE:GAMUDA) secured a deal worth 1.72 billion ringgit to build a hyper-scale data centre in Port Dickson, Negeri Sembilan, Malaysia, for a US-headquartered multinational technology company.The company's unit Gamuda Engineering will handle the build-only project covering site infrastructure, building works, and mechanical, electrical, and plumbing fit-outs.Construction is set to begin in the second quarter of 2026 and is expected to be completed by the first quarter of 2028, the filing said.

KLSE:GAMUDA