AWC Bags RM13.1mil Contracts in Gujarat

By the Editorial Team · Tuesday, September 29, 2026

AWC Bhd’s subsidiary Stream Industries secured two contracts worth RM13.1 million from Gujarat International Finance Tec-City Co Ltd for projects in Gujarat, India. Stream Industries will transfer these agreements to a newly formed Indian entity to ensure local regulatory compliance and smooth project implementation over the next 36 months.

AWC Bhd has secured two contracts worth a total of RM13.1 million from Gujarat International Finance Tec-City Co Ltd (GIF) for upcoming projects within the Domestic Tariff Area and Special Economic Zone in Gujarat International Finance Tec-City, located in Gandhinagar, Gujarat, India. The contracts were awarded to Stream Industries Sdn Bhd, an indirect wholly owned subsidiary of AWC.

According to a filing with Bursa Malaysia, the contract period is set for 36 months starting from the issuance of the notice to commence or another specified date. Stream Industries is currently establishing its business operations and legal presence in India as part of the project rollout.

AWC indicated that Stream plans to transfer the agreements to its newly incorporated Indian entity through a deed of novation, which will involve all three parties: GIF, Stream Industries, and the Indian entity. The move is intended to facilitate local compliance and operational efficiency for the contract execution in India.

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