KUALA LUMPUR (April 18): Engineering services provider AWC Bhd has bagged two contracts worth a total of RM19.39 million for plumbing works at Hospital Kapar in Selangor and a data centre in Cyberjaya.
In a statement on Thursday, AWC said the Hospital Kapar job was awarded to its wholly-owned subsidiary Qudotech Sdn Bhd by the project's main contractor, IJM Corp Bhd's unit IJM Construction Sdn Bhd.
Valued at RM17.8 million, the subcontract is required to be completed within 26 months by May 22, 2026.
The second contract to undertake plumbing works at the Vantage KUL 14 Data Centre is worth RM1.59 million. It was awarded by We Progress Centre Engineering Sdn Bhd and is scheduled to be completed by Feb 17, 2025.
“While the sizes of these contracts may not be our largest, their significance lies in the specialised scope of work that we are able to provide for the healthcare and data centre segments,” AWC group chief executive officer and president Datuk Ahmad Kabeer said.
He said the latest contracts have added to the company’s RM142.2 million order book replenishment as of end-December 2023, and bring AWC’s total outstanding order book to around RM800 million — higher than its market capitalisation of RM307.95 million.
Meanwhile, AWC’s tender book remains healthy at above RM1.2 billion across all business divisions, he added.
Shares in AWC closed 1.5 sen or 1.6% lower to 92.5 sen on Thursday, valuing the company at RM307.95 million. The stock has risen 46.83% year to date.