Australia's Monadelphous Group gains on securing $131 mln contract

Monadelphous

26/07/2024 03:08

** Shares of Monadelphous Group  MND.AX  rise as much as
2.4% to A$12.86, their highest level since July 17
    ** Shares on track for best day since July 9, if current
gains hold
    ** Engineering co says it has secured construction contract
valued A$200 mln ($131.04 mln) at Woodside Pluto LNG Facility
    ** Says activities to be performed include works required
for modifications to existing Woodside Burrup-operated Pluto LNG
Train 1 facility and associated infrastructure near Karratha in
Western Australia
    ** Stock down 15.4% this year, as of last close
($1 = 1.5263 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))