Jati Tinggi’s RM73mil 275kV job: the Banting data centre draws on Lion Group’s old Megasteel intake - RM142mil of power works for one campus is the price of getting on the grid

Jati Tinggi Group has won a RM72.84 million contract to run a 275kV connection from PMU Megasteel to "Consumer Landing Station No. 1" of a data centre at Banting Tech Park, Selangor — its third award in a month and the second for the same campus. The customer is not named. But the filing names the substation, and that tells you where this data centre is: on or beside the old Megasteel flat-steel mill, the Lion Group land that its chairman told The Edge in 2024 could draw up to 1,000MW through the group’s own 275kV intake.

For anyone selling industrial land to the data-centre trade, the two Banting contracts are the clearest public price list yet for the part of the deal nobody advertises: RM142 million and about seven months to get the power in, on top of whatever the land cost.

The contract, from the filing

• Awarded: 18 September 2026 by letter of award, accepted the same day by Jati Tinggi Holding Sdn Bhd as main contractor
• Title: "Design, supply, delivery, installation, testing and commissioning of 275kV PMU Megasteel cable connection to Consumer Landing Station No. 1 for data centre at Banting Tech Park (BTP), Banting, Selangor"
• Scope: full engineering, procurement, construction and commissioning of two 275kV underground circuits and 275kV overhead line cables, transmission towers and associated works — the critical power link to the landing station
• Sum: RM72,839,150.60 including sales and service tax
• Completion: 15 January 2027 — about four months
• Customer: a Malaysian company whose registered business is "computer consultancy, data processing, provision of infrastructure for hosting, data processing services and related activities"

Read together with the August contract, the campus timetable is visible. On 26 August the same customer gave Jati Tinggi RM69.16 million for 33kV interim power, to be finished by 26 November 2026. Interim medium-voltage supply first, so the first halls can be commissioned; the permanent 275kV feed to Landing Station No. 1 by mid-January. "No. 1" means more landing stations are planned. Derived: RM142 million of power works for one campus in seven months, before a single server is racked.

Lion Group Property told The Edge in December 2024 that its Mega Industrial Park 1 — 237 acres on land originally reserved for Megasteel’s expansion, which the mill partly occupies — comes with "a ready electricity supply of up to 1,000MW from the group’s 275kV substation"; that the group holds a public distribution licence; and that the park suits "investors seeking almost-immediate occupancy to build their manufacturing facilities or data centres". It also has piped natural gas, tube-well water and proximity to the planned Morib Beach cable landing. The group’s adjoining Banting Industrial City is 1,253 acres selling at RM85 to RM95 per sq ft, and it says it has another 1,000 acres in Banting to unlock.

That is the only 275kV substation in Banting with a steelmaker’s name on it, and the only one whose owner has publicly offered it to data centres. The most likely reading is that the customer’s campus sits on Lion Group land, or draws from the Lion substation across a boundary.

Three contracts in a month, five for data centres this year

Jati Tinggi listed on the ACE Market in December 2023 at 27 sen as a cable-laying contractor for Tenaga Nasional. In 2026 it has become the company that connects data centres:

• 2 March — RM79.86 million from TNB: 275kV double-circuit underground cables for bulk supply to a data centre in Pasir Gudang, Johor; 270 days
• 29 June — RM86 million from a customer with the same "computer consultancy, data processing, hosting" description: a 275kV overhead line, landing station and substation primary systems at "Klang Valley Technology Park, Kapar"; due 30 September 2026. The only data-centre campus known at Kapar is DayOne’s 157-acre consolidation of Maybulk, Eonmetall and Leader Steel land for RM687.89 million, agreed in July
• 26 August — RM69.16 million: 33kV interim power for the data centre at Banting Tech Park; due 26 November
• 27 August — RM69.49 million from TNB: a 132/33kV gas-insulated substation and 132kV overhead line in Tumpat, Kelantan, in a 70:30 joint venture with Idiqa Holding; 730 days
• 18 September — RM72.84 million: the 275kV PMU Megasteel connection above

Derived: RM211 million awarded in 23 days. Contract wins so far in FY2026 are RM544.6 million, already 18% above the whole of FY2025’s RM460.4 million, and the order book stands at about RM1.1 billion, roughly five and a half years of FY2025 revenue (RM195 million, profit RM10 million). The shares closed at RM1.02 on 18 September, a market value of RM451.8 million, up 50% this year and 3.8 times the IPO price in 21 months — about 45 times last year’s profit.

Managing director Dato’ Seri Lim Yeong Seong put the driver plainly: data centres are creating demand for medium- and high-voltage connections in the private sector, alongside TNB’s Regulatory Period 4 grid spending.

What it means

Power connection is the real gate, and it now has a price. A 275kV landing-station connection costs RM73 million to RM86 million; interim 33kV supply another RM69 million; four to seven months of work for a contractor that is now booked years ahead. Against Bridge Data Centres’ RM740.68 million for 136 acres (about RM125 per sq ft) or DayOne’s RM687.89 million for 157 acres in Kapar (about RM101 per sq ft), the permanent connection alone is roughly a tenth of the land price. Our COMPASS @ Kota Seri Langat piece said grid capacity, not land, is the binding constraint. These filings show what buying through that constraint looks like.

Land next to a 275kV intake is a different asset class. Lion Group’s Banting story is a former steel mill whose substation outlived the steelmaking, and whose owner now sells the electricity as the amenity.

South Selangor is absorbing the capacity that Penang is not. Three Banting-Kapar campuses, one at Cyberjaya’s edge, all with 275kV works under way in 2026. Penang’s data-centre pipeline is still a single announced project. The difference is the grid.

*Photos: Jati Tinggi Group. Contract details are from Jati Tinggi’s Bursa Malaysia announcement of 18 September 2026; the Megasteel substation capacity is from Lion Group Property’s interview with The Edge, December 2024.*