CSE Global secures three contracts worth S$47.5 million

AUTOMATION solutions provider CSE Global has secured three contracts totalling S$47.5 million in the US and Singapore.

The company announced in a Thursday (Aug 17) bourse filing that two of the contracts are for the provision of electrification solutions to design, manufacture and integrate power distribution centres and electrical systems and equipment in the US. It is slated for execution from this year to 2025.

The third contract involves the supply, installation, integration and maintenance of communication and security systems for the Singapore government. This will be from the second half of 2023 to 2034.

CSE group managing director Lim Boon Kheng said that these projects will grow the company’s order book and “are expected to contribute positively to (its) financial performance for the current financial year and beyond”.

CSE ended Thursday at S$0.445, down 1.1 per cent.