Australia's Monadelphous Group rises on bagging contracts worth $85.7 million

Monadelphous

22/05/2026 01:23

** Shares of Australia's Monadelphous Group MND.AX rise as much as 3% to A$30.24, post biggest intraday pct gain since May 6

** Stock set for a second straight session of gains, if current trend holds

** Engineering services co says it has been awarded new construction and maintenance contracts worth up to A$120 million ($85.73 million)

** Says contracts based in the resources and renewable energy sectors

** YTD, MND up 10.8%

($1 = 1.3998 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))