Australia's DTI Group marks best session on rail project contract

DTI

15/04/2020 02:44

** Shares of fleet management solutions provider DTI Group
Ltd  DTI.AX  climb as much as 55% to A$0.03, marking their
biggest intraday pct gain 
    ** Co says it received a contract by Alstom India for
design, manufacture and supply of a public address, closed
circuit television and information system (PACIS) for the Sydney
Metro Southwest rail project  urn:newsml:reuters.com:*:nASX2ss4z9
    ** Co says contract is expected to derive revenue in excess
of A$11 mln ($7.07 mln) over the next 18 months
    ** Stock hits its highest level since last Sept 
    ** Over 796,000 shares change hands, compared with the
30-day average volume of about 101,000 shares
    ** DTI shares down 13% this year, as of last close

($1 = 1.5550 Australian dollars)

 (Reporting by R.R.Deepti Sri in Bengaluru)
 ((deepti.sri@thomsonreuters.com))