Join our daily newsletter At The Bell to receive exclusive market insights
SRG Global (ASX:SRG) has confirmed its strong presence in the Aussie resources and transport market by acquiring multiple contracts for a total of $150 million.
Among the contracts are long-term agreements with key clients such as BP at the Kwinana Energy Hub in WA. The contracts range from 3 to 5 years.
SRG Global has also kickstarted specialist inspection works at the West Gate Bridge in Victoria for that state’s Department of Transport, with the first phase of works to be completed within 3 months.
The company has additionally entered into a 3-year term contract with Evolution Mining to deliver specialist production drill and blast services and geotechnical maintenance services at Evo’s Cowal gold operations in NSW.
“We continue to secure a number of contract wins across Australia in a broad range of sectors with new and existing clients,” SRG Managing Director David Macgeorge said.
“Our overall company continues to go from strength to strength and is underpinned by a strong growth profile and a recurring earnings base that is moving towards 80%,” he added.
In the pipeline, SRG Global also has contracts for the construction of a tailings dam at the Pilgangoora mining operation with Pilbara Minerals in WA.
SRG has been trading at 81 cents.
-1200x645-380x200.jpg)
