Australia's SRG Global hits 12-1/2-year high on $455 mln contract win

SRG Global

19/11/2024 24:26

** Shares of SRG Global  SRG.AX  rise as much as 10.9% to
A$1.325, their highest since May 2012
    ** Construction firm says it has won contracts worth A$700
mln ($455.14 mln) from Pilbara Minerals  PLS.AX , South32
 S32.AX , Fonterra  FCG.NZ  and Glencore  GLEN.L  
    ** Contracts are for asset integrity services, building of
tailings dam, mine's maintenance services and engineered
services for dairy operations in Australia & New Zealand
    ** Stock posts its biggest intraday pct gain since early
July 2021
    ** Stock up 91.8% YTD, including current session

($1 = 1.5380 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com))