GAMUDA BHD: A Surge in Contracts and a Leap into Renewable Energy
In a remarkable turn of events, Malaysian construction giant GAMUDA BHD has seen its outstanding order book swell to an impressive RM35.1 billion. This surge is primarily attributed to the award of a new highway project in Sarawak, marking a significant milestone for the company. The project, a collaboration between Gamuda and Naim Holdings Bhd under the joint venture Naim Gamuda (Naga) JV Sdn Bhd, underscores Gamuda’s pivotal role in Malaysia’s infrastructure development.
The awarded project, valued at RM1.13 billion, involves the development of the Northern Coastal Highway in Sarawak. This initiative is part of a broader effort to enhance connectivity and infrastructure in the region, with the project encompassing approximately 14.7 kilometers of four-lane dual carriageway, including bridges, flyovers, earthworks, and other related infrastructure. The contract, set to span 48 months, is expected to significantly bolster Gamuda’s financial performance.
Beyond its traditional stronghold in construction and real estate development, Gamuda is making strategic moves into the renewable energy sector. In a notable partnership with Gentari Renewables, a subsidiary of Gentari Sdn Bhd, Gamuda Energy Sdn Bhd is set to develop a solar photovoltaic power plant with a capacity of approximately 1.5 gigawatts (GW). This venture is part of the Corporate Renewable Energy Supply Plan (CRESS), aimed at meeting the substantial energy demands of large-scale data centers. The collaboration leverages Gentari’s expertise in large-scale renewable energy development and Gamuda’s proven track record in engineering, construction, and infrastructure delivery, including renewable energy projects.
This strategic foray into renewable energy not only diversifies Gamuda’s portfolio but also aligns with Malaysia’s transition towards sustainable energy sources. By tapping into the growing demand for renewable energy, particularly to support the burgeoning digital economy, Gamuda is positioning itself as a key player in the country’s energy transition.
As of August 24, 2025, Gamuda’s stock closed at MYR 5.65, with a market capitalization of MYR 32,748,475,227. Despite a price-to-earnings ratio of 34.13619, the company’s recent achievements and strategic initiatives signal a robust outlook. With a 52-week high of MYR 5.8 and a low of MYR 3.48, investors are closely watching Gamuda’s progress in both its traditional and new ventures.
In summary, GAMUDA BHD’s recent contract wins and strategic partnership in renewable energy development underscore its commitment to innovation and sustainability. As the company continues to expand its footprint in both infrastructure and renewable energy, it remains a key player in Malaysia’s economic landscape, poised for growth in the coming years.