PriceSensitive

SRG Global (ASX:SRG) secures $50m contract with Water Corporation WA

ASX News, Industrial
ASX:SRG      MCAP $450.9M
20 June 2023 10:05 (AEST)

Source: SRG Global

SRG Global (SRG) has secured a $50 million contract with Water Corporation WA for specialist civil water infrastructure works.

The company announced it would construct an ocean outfall transition tower, associated pipework and other wastewater infrastructure assets.

SRG Managing Director David Macgeorge said the company was “pleased” to extend its longstanding relationship with Water Corporation WA.

“With more than $1 billion in new contract wins since July, many of them long-term, SRG Global is in a period of significant momentum,” he said.

“Importantly, the contract wins are being achieved across a diversity of sectors and geographies, positioning SRG Global well for long-term, sustainable growth.”

The company’s latest agreement with Water Corporation WA will begin immediately and be complete in 2025.

SRG shares last traded at 71 cents.

Related News