KUALA LUMPUR: Serba Dinamik Holdings Bhd's subsidiaries and associate have bagged five contracts in India and Indonesia with a combined value of RM408.8 million.
In a statement today, the company said the contract was secured via its wholly-owned subsidiaries, SDIT International Ltd, Serba Dinamik Sdn Bhd, 75 per cent-owned subsidiary PT Serba Dinamik Indonesia and a 49 per cent-owned associate Serba2C India Pte Ltd.
Two of the contracts are operations and maintenance (O&M) contracts while the rest were in information, communication and technology (ICT) segment.
The contracts tenure is from February 5, 2021 until February 14, 2036.
Group managing director and chief executive officer Datuk Dr Ir Mohd Abdul Karim Abdullah said the awarded projects signify the group's stronger capabilities to secure more projects in ICT and non-oil and gas businesses.
"The ICT projects in India demonstrate our serious efforts to embrace digital transformation while bolstering and sustaining our core competencies with O&M projects in Malaysia and Indonesia.
"These ICT projects will intensify our market presence in India, adding to the smart solutions project for the development of 'Smart and Safe City'," he said.
Karim said the group intends to continue this momentum going forward as these projects will definitely boost Serba Dinamik's order book and improve its financial position.
"Further, this is the next avenue for growth and new markets that will ensure the sustainability of the company", he said.