Jati Tinggi Group (KLSE:JTGROUP) unit Jati Tinggi, with partner Idiqa, bagged a deal worth 117.2 million ringgit from Tenaga Nasional, according to a Wednesday Malaysian bourse filing.
Shares gained over 3% in Thursday trading.
The deal involves a 275 kilovolt bulk power supply connection to a data center in Johor, Malaysia, with the partners to supply, construct, test and commission the facility and establish TNB Jelutong Switching Station (GIS).
The contract runs for up to 730 days from the commencement date that will be determined. Jati Tinggi will hold a 70% stake in the JV.
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