Port Kembla, NSW. Source: NSW Ports
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • SRG Global has announces the acquisition of a contract valued at AU$35 million for the enhancement of the Port Kembla wharf, NSW
  • This contract with BlueScope Steel focuses on specialised marine remediation services
  • The contract has commenced with an expected completion date in 2026
  • SRG last traded at 76.8c, at 11am AEDT

Industrial services company SRG Global (ASX: SRG) has announced its receipt of a $35m contract for the enhancement of the Port Kembla wharf in New South Wales.

This contract has been entered into with a subsidiary BlueScope Steel (ASX:BSL), will focus on specialised marine remediation services.

“We are excited to be awarded this contract that builds on our portfolio of specialist marine remediation projects across Australia,” SRG Global Managing Director David Macgeorge said.

“We look forward to applying our integrated capabilities through these works and developing our relationship with BlueScope Steel.

“This contract award recognises SRG Global’s proven capabilities and continued focus on the marine infrastructure sector … [and] builds on our growing presence in Southern NSW.”

Port Kembla serves as an international trade gateway for bulk agricultural, construction, and mining industries.

It’s New South Wales’ largest motor vehicle import hub and is home to the state’s largest grain export terminal and the second-largest coal export port.

The scope of work will include the reconstruction of the front service duct, concrete remediation, and cathodic protection activities. Additionally, the construction of the rear unloader beam and an extension to the wharf structure.

The contract has commenced immediately, with an expected completion date in 2026.

SRG last traded at 76.8c, at 11am AEDT.

SRG by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Bourse finishes week on a high as Wisetech pummeled | November 22, 2024

The ASX200 closed up 0.85% at 8,393 points. Economists increasingly expect interest rates in Australia won’t…
The Market Online Video

HotCopper Highlights: Your most watched stocks for Week 47, 2024

In this segment we’ll look at the top stocks HotCopper users have been watching, and discussing,…
Nuclear explosion mushroom cloud concept

Week 47 Wrap: HotCopper users’ most watched; Brent lifts on Putin’s scary letter; RFK dents CSL

Welcome to the end of another week. Let's start with what HotCopper users have been watching…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham’s weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

The $8.8 billion dollar merger between Sigma Healthcare and Chemist Warehouse is poised to reshape the Australian pharmacy landscape, consolidating power in th…