Global systems integrator CSE Global 544 has secured a major contract worth US$68.5 million ($90.7 million) in the US.
According to the group, the contract is for the design, fabrication and installation of electrical houses, as well as the integration of medium voltage and low voltage switchgears, critical power equipment and automation systems and equipment.
The contract is slated for execution between 2025 and 2026.
Lim Boon Kheng, group managing director, says: “We are delighted to have secured this major contract under the Electrification division. This is a testament to our capabilities as a trusted, long-term partner delivering quality projects, and we are grateful for the continued trust and confidence of our customers. We continue to see strong demand for our Electrification solutions, which is currently driven by the growing megatrends of urbanisation and electrification. This contract is expected to contribute positively to CSE Global’s financial performance for the financial years 2025 and 2026.”
On Nov 1, the group also secured two major contracts totalling US$28.8 million ($38.1 million) in the US, which are slated for execution from 2024 to 2026.
Shares in CSE Global closed 0.5 cents lower, or down 1.12%, at 44 cents on Nov 11.
