Australia's SKS Technologies hits record high on data centre contract

SKS Technologies

17/04/2026 06:38

** Shares of Australia's SKS Technologies SKS.AX rise as much as 1.9% to a record high of A$5.79

** Electrical technologies firm says it secured further A$80 mln work on hand for existing project, bringing total contract to A$210 mln ($150.49 million)

** Says contract for construction of data centre in Australia with construction company Hickory

** Expands project scope of data facility capacity to 126MW, from previously agreed 90MW

** Expects project completion by 3Q27

** Stock up 41.4% YTD, including day's moves

($1 = 1.3955 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))