SKS Technologies secures $22 million data centre contract with Erilyan Projects

SKS Technologies Group Limited (ASX:SKS) has secured a $22 million data centre contract with major construction company, Erilyan Projects. The project, located in Melbourne's western suburbs, follows the $30 million contract awarded by Erilyan Projects to SKS Technologies in November 2023 for works on Building A of an international hyperscale data facility. Under this new contract, the project relates to the commencement of construction of a second facility, Building B, that will be built alongside the first one. Work on the project will be completed by June 2025. This contract award, in conjunction with other recent wins across the business, as well as new opportunities expected to be converted throughout the current financial year, increases our revenue forecast for FY2025 to approximately $260 million.

CEO Matthew Jinks highlights significance of the contract

The awarding of this second contract with Erilyan Projects underscores the business's quality of execution on the first project and ability to meet complex project requirements. It is a sign of trust in our ability to deliver this new project and satisfaction with our delivery on the first project. In continuing to work on the facility, SKS Technologies can enhance operational efficiency by leveraging its existing knowledge of the site requirements and customer preferences. We take the view with all of our projects that high quality work and a customer focus can lead to further work with the same customer and/or the same site. It is this approach that has built our solid reputation in the data centre sector over a relatively short period of time.

SKS Technologies secures $22 million data centre contract and anticipates revenue growth

SKS Technologies Group Limited (ASX:SKS) has secured a $22 million data centre contract with Erilyan Projects for the construction of a second facility in Melbourne. The project, scheduled to be completed by June 2025, is expected to contribute to an increase in revenue forecast for FY2025 to approximately $260 million. CEO Matthew Jinks emphasized the significance of this contract, highlighting the business's quality of execution and ability to meet complex project requirements. The company aims to enhance operational efficiency by leveraging its existing knowledge of the site requirements and customer preferences. With a solid reputation in the data centre sector, SKS Technologies anticipates further growth through high-quality work and a customer-focused approach.