PETALING JAYA: Binastra Corporation Bhd has secured a RM491.2 million contract to build a seven-storey data centre in Cheras, Kuala Lumpur, lifting its outstanding order book to RM6.8 billion.
The contract was awarded by Exsim Sri Permai Sdn Bhd to Binastra’s wholly owned subsidiary, Binastra Builders Sdn Bhd, according to a filing with Bursa Malaysia.
The turnkey project covers the design, construction, completion, testing and commissioning, maintenance and guarantee works for the development, including foundation, substructure, main building and infrastructure works. The project also comprises a guardhouse, refuse room and electrical substation.
Binastra said construction commenced today (July 1) and is scheduled for completion within 18 months. The contract is valued at RM491.16 million, inclusive of a provisional prime cost sum of RM16.16 million but excluding sales and service tax.
Managing director Datuk Jackson Tan Kak Seng said the award marks Binastra’s seventh data centre project to date, bringing the cumulative value of its data centre contracts to about RM2.4 billion.
He noted that the latest award represents Phase 2 of the Cheras data centre project, following the Phase 1 contract secured in February, which is currently under construction.
“Malaysia’s emergence as a regional data centre hub continues to present strong growth opportunities, driven by sustained investments from global tech giants to support rising demand for artificial intelligence and cloud computing.
“As we continue to expand our construction capabilities and profile, we remain well-positioned to capture further opportunities through a selective approach focused on high-value data centre and green-related projects,” he said.
Following the latest win, Binastra’s financial year 2027 year-to-date contract wins have reached RM1.3 billion.
The company said the contract is expected to contribute positively to the group’s earnings and net assets per share for the financial years ending Jan 31, 2027 and Jan 31, 2028. It added that the contract will provide an additional income stream over the next two financial years.
The company said none of its directors, major shareholders or persons connected to them has any direct or indirect interest in the contract.
