KUALA LUMPUR (March 25): MN Holdings Bhd (KL:MNHLDG) has secured two contracts worth a combined RM245.4 million to construct consumer landing station (CLS) facilities for two separate data centres in the southern region of Peninsular Malaysia.

The scope covers construction, supply, installation, testing and commissioning of 275 kilovolt (kV) CLS infrastructure, underscoring the group’s capability in delivering high-voltage power systems to support large-scale data centre operations.

Both projects are slated to begin in the first quarter of 2026 and targeted for completion by the fourth quarter of the same year, according to its bourse filing.

In addition, MN Holdings said it has clinched two solar-related contracts and two substation extension works from Tenaga Nasional Bhd (KL:TENAGA) the past month, valued at RM39.8 million and RM26.58 million respectively.

These projects involve engineering, procurement, construction and commissioning of solar interconnection facilities, as well as supply, installation and commissioning of new extension works across Malaysia.

Datuk Dang Siong Diang, executive director of MN Holdings, said: “As demand for both digital and energy infrastructure continues to grow, we are seeing broader opportunities across multiple segments, including renewable energy.

“Leveraging our experience and track record, we remain focused on executing our projects efficiently while positioning ourselves for further participation across these areas,” he added.

The contracts are expected to contribute positively to the group’s earnings over the project duration.

Shares in MN Holdings closed up six sen or 3.5% to RM1.79 on Wednesday, valuing the company at RM1.18 billion. Over the past one year, the stock has gained 68.9%.