Australia's Monadelphous rises after securing contracts worth over $137 million

Santos

01/07/2026 04:32

** Shares of Monadelphous Group MND.AX rise 1.19% to A$31.360, hitting their highest level since March 4
** The engineering services provider received new construction and maintenance contracts valued at more than A$200 million ($137.80 million)
** Secures two contracts with Fortescue FMG.AX, one for installation of wind turbine generators in Nullagine wind project in Western Australia and other for maintenance services across miner's Pilbara operations for three years
** Company also secures three-year services contract from oil and gas major Santos STO.AX at its upstream field development and production ops in Queensland
** Also wins Santos contract for construction of temporary camp facilities at Papua New Guinea project
** Stock up 17.8% YTD, including session's moves

($1 = 1.4514 Australian dollars)

 (Reporting by Subhalakshmi Dey)
 ((Subhalakshmi.Dey@thomsonreuters.com;))