Gamuda Bhd secures multi‑billion‑ringgit solar and battery projects in Australia

Gamuda Bhd’s wholly‑owned Australian subsidiary, DT Infrastructure Pty Ltd, has won engineering, procurement and construction (EPC) contracts for two large‑scale solar‑and‑battery hybrid projects located in Queensland, Australia. The contracts, awarded on 12 August 2026, cover the Ganymirra and Majors Creek solar power stations and the associated battery energy‑storage systems (BESS). Each project has a value of A$2.845 billion (≈ RM8.23 billion), bringing the combined contract value to A$5.690 billion (≈ RM16.40 billion).

The projects are situated in the Townsville region of Queensland, on Bindal traditional Aboriginal land. Together they will provide 360 MWp of solar generation capacity and 300 MW of BESS storage, as well as a new sub‑station and necessary transmission infrastructure.

DT Infrastructure received the Notices to Proceed on 12 August 2026, confirming that construction of both projects is ready to begin.

Market reaction

The announcement was made during a period of broader market weakness.

  • On 13 August 2026, the Bursa Malaysia KLCI fell 0.4 % to 1,734.71 points.
  • The market recorded 411 advancing stocks, 702 declining stocks, and 603 flat, with a total trading volume of 3.519 billion shares and a value of RM30.51 billion.
  • Gamuda’s share price, which closed at RM4.48 on 11 August 2026, had been trending upward and was approaching the RM4.73 resistance level identified in a technical analysis published on 11 August 2026.

Company background

Gamuda Bhd is a Malaysian construction and development firm operating primarily in the real‑estate sector.

  • Listed on the main board of Bursa Malaysia under the ticker GAMUDA (5398).
  • Market capitalisation: MYR 26.85 billion (as of 11 August 2026).
  • Price‑earnings ratio: 25.85.
  • 52‑week range: MYR 3.70–5.80.

Strategic implications

The Australian contracts represent a significant expansion of Gamuda’s overseas engineering and construction portfolio, diversifying its revenue streams beyond the domestic Malaysian market. The solar‑and‑battery hybrid projects align with global trends toward renewable energy and energy storage, potentially positioning Gamuda as a key player in the rapidly growing clean‑energy infrastructure sector.

Summary

Gamuda Bhd’s DT Infrastructure subsidiary has secured RM1.64 billion (A$569 million) worth of EPC contracts for the Ganymirra and Majors Creek solar‑and‑battery hybrid projects in Queensland, Australia. The contracts, valued at RM16.40 billion (A$5.690 billion) in total, will deliver 360 MWp of solar generation, 300 MW of battery storage, and related transmission infrastructure, with construction set to commence following Notices to Proceed received on 12 August 2026.