SKS Technologies Group Ltd (ASX:SKS) Secures $100 Million Data Centre Project
Project Award
SKS Technologies Group Ltd has secured a $100 million data centre project in Melbourne’s western suburbs. The project, Building C, will be executed in partnership with Erilyan Group for an international hyperscale data centre operator.
Financial Impact
The Building C award increases SKS Technologies’ total work on hand to $220 million. The project will be funded through existing working capital and bank financing. The company currently has $492 million worth of opportunities under open tender across various market sectors.
Executive Comments
Chief Executive Officer, Matthew Jinks, said, “The awarding of this project with Erilyan Group underscores our unerring focus on excellence in project execution. The frequency of repeat business has always been a feature of SKS Technologies’ operational performance and is founded on a proactive approach to communicating with our customers and an execution framework designed to deliver complex projects to their optimal level.”
“We have quickly built an enviable reputation in the industry for our data centre work, and it has continued to translate into successful tender processes for new and expanded facilities.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Sks Technologies Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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