Australia's Decmil hits 1-month high on $20.64 mln road contract

Decmil

01/09/2021 05:41

** Shares of construction and engineering firm Decmil Group
Ltd  DCG.AX  rise as much as 1.4% to A$0.375, their highest
since Aug. 2
    ** Co says it has been awarded a "construct only" contract
worth up to A$28.2 mln ($20.64 mln) by Main Roads WA
 urn:newsml:reuters.com:*:nFWN2Q20VI
    ** Main Roads is a statutory authority of the Western
Australia government responsible for implementing the state's
policies on road access and main roads 
    ** Contract to deliver the Roy Hill-Munjina Road alignment
works in the East Pilbara region
    ** Co says works will commence around October, with
completion of the contract anticipated by mid-2022
    ** Stock down 41.3% YTD, as of last close

($1 = 1.3665 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))