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SKS Technologies Group Limited (ASX:SKS)

ALERT: Price-sensitive ASX Announcement for SKS
Current share price for SKS : $8.510 2.83 (49.82%)+
Announcement
Release
17 Apr 2026 8:50AM
Price at Release
$5.680
Full Release
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Summary
SKS Technologies Group Limited has expanded its data centre contract with Hickory to $210 million, adding $80 million to the existing project. The contract involves delivering critical electrical systems for a 126MW data centre in Melbourne, up from the initially planned 90MW. SKS, already a key player in the Victorian market, is set to enhance its presence in New South Wales. The company's work on hand has surged to $350 million, supporting robust earnings forecasts for FY26 and FY27.
Key Points
  • SKS Technologies Group Limited secures $80 million work addition, bringing total contract to $210 million.
  • Contract involves electrical system design and construction for a hyperscale data centre in Melbourne.
  • Project expands from initial 90MW to 126MW capacity.
  • SKS has completed projects for global data centre hyperscalers in Victoria.
  • Work on hand totals $350 million with a significant portion impacting FY27 earnings.
  • SKS Technologies aims to grow its presence in the NSW data centre market.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.