Australia's Bhagwan Marine rises on $9.9 million contract with Jadestone Energy

Jadestone Energy

03/12/2025 24:37

** Shares of Bhagwan Marine BWN.AX rise as much 6.4% to A$0.500, highest since November 21

** Marine port services co says it's been awarded five-year contract with Jadestone Energy JSE.L

** Contract is for Bhagwan’s Coral Knight vessel and is valued at A$15 million ($9.86 million) per annum

** Over 354,000 shares change hands, compared with the 30-day average volume of about 315,000

** Stock currently up 4.3%, bringing YTD losses to 22.2%

($1 = 1.5218 Australian dollars)

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))