KUALA LUMPUR (March 12): MN Holdings Bhd (KL:MNHLDG) has secured a RM216 million contract to build a substation for a data centre in the southern region of Peninsular Malaysia.

The scope of works includes the design, construction, installation, testing and commissioning of the consumer substation, as well as the supply of labour, equipment and materials for construction works within the substation boundary, including perimeter fencing, according to an exchange filing.

The contract also covers the connection of high-voltage cables between the respective substation sites. Works have begun on Feb 1 and are expected to be completed by Sept 30, MN Holdings said.

The contract was awarded to MN Holdings’ wholly owned unit, MN Utilities Engineering Sdn Bhd, by a client involved in providing infrastructure for hosting and data processing services. The client, however, was not identified due to a non-disclosure agreement.

Following the latest win, MN Holdings’ order book has expanded to RM1.13 billion. The company is also in the midst of transferring its listing from the ACE Market to the Main Market of Bursa Malaysia.

In early January, MN Holdings announced that it had secured another four contracts worth a combined RM122.7 million to supply and install substation equipment for data centre projects in central and southern Peninsular Malaysia.

Shares of MN Holdings fell seven sen or 4.3% to RM1.55 ahead of the announcement on Thursday, giving the company a market capitalisation of RM1.02 billion.