Australia's SRG Global rises on securing contract with Fortescue

SRG Global

28/03/2023 02:25

** Shares of SRG Global Ltd  SRG.AX  rise as much as 3.1% to
A$0.748, their highest since March 10
    ** Construction contractor says it secures an infrastructure
contract with Fortescue  FMG.AX  valued at ~A$55 mln ($36.71
mln)
    ** Says contract includes construction of 21km haul road for
autonomous truck fleet at Eliwana mine site
    ** Adds contract is expected to commence in March 2023 with
a duration of about nine months
    ** Stock had risen 5.1% this year, as of last close
    
($1 = 1.4984 Australian dollars)

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@thomsonreuters.com))