Serba Dinamik Holdings Bhd., an integrated engineering provider, has secured 11 projects in operations and maintenance (O&M), engineering procurement, construction, and commissioning (EPCC) and information, communications, and technology (ICT).
The company acquired the projects through a wholly owned subsidiary which are SDIT International LTD (SDITIL), Serba Dinamik Sdn. Bhd. (SDSB) and the 75 percent owned subsidiary, PT Serba Dinamik Indonesia (PT SDI).
Nine of the projects are O&M contracts and one each for EPCC and ICT respectively.
The total value of the nine projects is RM548.2 million and two other contracts were not disclosed. This is due to the two contracts being on a “call-out” basis.
The basis’s work orders are awarded at the discretion of the clients based on their activities’ schedules and rates throughout the duration of the contracts.
“The company is pleased to start 2021 with projects worth a total of RM548.2 million. Serba Dinamik Holdings were granted five O&M projects from PT Pilar Bahtera Energi which enables the company to participate into the power industry in Indonesia,”said Mohd Abdul Karim bin Abdullah, Group Managing Director and Group Chief Executive Officer (CEO) of Serba Dinamik Holdings.
“Additionally, acquiring an ICT project in India for implementation of Smart Solutions for the development of Smart and Safe City is also quite a feat. These new contracts will definitely give Serba Dinamik Holdings the push to gear up to a productive year and the company is confident to continue in delivering promising financial results for 2021,” he added.