SKS Technologies shares rise after landing $100m data centre project

The news: Shares in small-cap electrical and communications cabling firm SKS Technologies rocketed after it secured $100 million worth of work to help construction firm Erilyan Group build premises for an international hyperscale data centre operator.

The numbers: Shares in SKS Technologies grew 22.88% to $1.88 at 2:42pm AEST.

The context: SKS has received written confirmation that it will undertake work on Erilyan Group’s Building C in Melbourne’s western suburbs, with the project expected to be complete in September 2026.

This follows SKS’ completion of work on Buildings A and B, which had a total value of $52 million.