KUALA LUMPUR (Feb 4): Binastra Corp Bhd has strengthened its position in Malaysia’s fast-growing digital infrastructure sector after securing a RM503 million turnkey contract to develop a new data centre along Jalan Sri Permaisuri, Kuala Lumpur.
According to a filing with Bursa Malaysia, the contract covers the full scope of works on a design-and-build basis, including engineering design, construction, testing and commissioning, as well as maintenance and defect liability obligations. The project scope also encompasses foundation works, sub-structure construction, the main building, and supporting infrastructure.
Binastra managing director Datuk Jackson Tan Kak Seng said the award reflects sustained demand from clients for specialised data centre construction services.
“This project demonstrates the continuity of data centre-related job flows from our clients and reinforces our expertise in delivering complex, high-specification developments,” he said.
Construction is scheduled to begin on Feb 19, 2026, with completion targeted within 20 months. With this latest award, Binastra now has six active data centre projects, underscoring its growing footprint in the sector.
The new contract was awarded to Binastra’s wholly owned subsidiary, Binastra Builders Sdn Bhd, by Exsim Sri Permai Sdn Bhd. Following the award, the group’s outstanding order book has exceeded RM7 billion, marking a new record high.
The company recently secured another major contract worth RM742.9 million for the main building works of a high-rise development in Johor Bahru, further boosting earnings visibility over the next few years.
Tan noted that beyond Binastra’s existing involvement in data centre developments in Bukit Jalil and Cyberjaya, the group is actively engaging potential clients to expand its reach across Kuala Lumpur and Selangor.
The increasing concentration of data centres has also heightened demand for supporting industrial land in Selangor, purpose-built industrial property in the Subang area, and related commercial property in KL, particularly locations with strong power infrastructure and connectivity.
Market observers say Jalan Sri Permaisuri’s proximity to established residential and commercial hubs enhances its appeal as a strategic location for high-value digital infrastructure, complementing nearby office space and mixed-use developments.
Binastra shares were unchanged at RM2.07 at the midday break on Wednesday, valuing the group at approximately RM2.26 billion.
Singapore