Steel Hawk Engineering, a subsidiary of Steel Hawk, has been awarded eight contracts by Sega Elektrik for the installation, testing, and commissioning of electrical systems for Tenaga Nasional Berhad’s asset development. The contracts, valued at RM61m, were announced on 23 October 2025.
The contracts involve work on 415V and below systems, including underground cables, overhead systems, and related accessories. The project is set to run from 23 October 2025 to 22 October 2026, with an option for a one-year extension. This development is expected to positively impact Steel Hawk’s earnings for the financial year ending 31 December 2025.
The Board of Directors of Steel Hawk stated that the contracts align with the company’s ordinary business operations and are in its best interest. They also confirmed that the contracts would not affect the company’s share capital or shareholding structure. Furthermore, no directors or major shareholders have any interest in these contracts.
Steel Hawk’s involvement in similar services ensures that the company is well-prepared to manage any associated risks. The contracts do not require approval from shareholders or regulatory authorities, streamlining the process for Steel Hawk to commence work promptly.
