$100 Million Data Centre Project Awarded to SKS Technologies

SKS Technologies Group Limited ( (AU:SKS) ) just unveiled an update.

SKS Technologies Group Limited has secured a $100 million contract for a data center project in Melbourne with Erilyan Group, marking the third facility for an international hyperscale operator. This award highlights SKS’s reputation for successful project execution and repeat business, with the project set to enhance their work portfolio to $220 million and funded through existing resources. The company continues to see strong opportunities across various sectors, with $492 million currently under open tender.

The most recent analyst rating on (AU:SKS) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on SKS Technologies Group Limited stock, see the AU:SKS Stock Forecast page.

More about SKS Technologies Group Limited

SKS Technologies Group Limited operates in the technology and construction industry, focusing on delivering complex projects such as data centers. The company is known for its expertise in electrical infrastructure, including high and low voltage cabling, and has built a strong reputation for excellence in project execution.

Average Trading Volume: 209,911

Technical Sentiment Signal: Buy

Current Market Cap: A$176.4M

For an in-depth examination of SKS stock, go to TipRanks’ Stock Analysis page.