The business segment saw orders growing by 196.4% y-o-y to $414.5 million, which represented about 80.5% of the total order intake during the quarter. Notable contracts include four contracts from the US that were worth $348 million for the design and manufacturing of power distribution centres and the integration of electrical and control systems and equipment for the liquefied natural gas (LNG) market. The contracts were also for the design, engineering, fabrication, installation and integration of power management systems and solutions for the data centre market.
CSE Global has secured $514.7 million worth of orders in the 4QFY2025 ended Dec 31, 118.7% higher than the $235.3 million secured in the same quarter the year before. This brought CSE Global’s total orders secured to a record high of $1 billion for the year.
The surge in orders for the last quarter was mainly driven by stronger demand for electrification solutions in the US, says the company in a Feb 16 statement.
