Australia's GR Engineering Services gains on $17.5 mln contract

Develop Global

20/09/2024 02:04

** Shares of Australia's GR Engineering Services  GNG.AX 
rise as much as 4.6% to A$1.835, its biggest intraday pct gain
since Aug 22
    ** Stock at its highest level since Aug 30, on track to
record its second consecutive week of gains if trend holds
    ** The engineering consulting and contracting co says it has
been awarded a A$25.7 mln ($17.49 mln) design and construct
contract with Australia's Develop Global  DVP.AX  
    ** Contract for refurbishment flowsheet, operability
improvements for DVP's Woodlawn Restart project in New South
Wales, Australia 
    ** GNG stock has fallen 17.6% YTD, as of 0059 GMT

($1 = 1.4691 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))