Australia's GR Engineering Services rises on $195.1 million contract
17/08/2026 05:17
BUZZ-Australia's GR Engineering Services rises on $195.1 million contract ** Shares of GR Engineering Services GNG.AX rise as much as 9% to a record high of A$6.42
** Set to clock its best session since April 1, if trend holds
** Engineering consulting firm receives A$275 million ($195.14 million) engineering, procurement, and construction contract to design and build the processing plant at Yitirrti, formerly called Sulphur Springs
** The processing plant will have a nameplate capacity of 1.5Mt per annum and produce separate copper-silver and zinc concentrates, co adds
** About 370,000 shares change hands, 1.7 times the 30-day avg
** Stock is up ~40% YTD, including the session's moves
($1 = 1.4092 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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