Australia's Duratec gains most in 3 months on bagging $200 mln defence project

Duratec

15/04/2026 04:06

** Shares of Australia's Duratec DUR.AX rise as much as 7.1% to A$2.86, logging its biggest intraday pct gain since Jan. 8

** The protection and refurbishment services contractor along with joint venture partner Ertech, receives A$281 mln ($200.18 million) contract

** Says contract for infrastructure upgrades to support future submarine capability at Australian navy base, HMAS Stirling on Diamantina Wharf

** Stock up 47% YTD

($1 = 1.4037 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))