SRG Global wins contracts worth $551.7 million across Australia and New Zealand (updated)

SRG Global

25/06/2025 24:29

Corrects to fix time stamp in paragraph 3 to 0012 GMT, not 1212 GMT

June 25 (Reuters) - SRG Global SRG.AX has secured contracts worth A$850 million ($551.7 million) across diverse sectors in Australia and New Zealand, the construction and engineering firm said on Wednesday.

The agreements include deals with Origin Energy ORG.AX,  South32 S32.AX, BHP Iron Ore and Genesis Minerals GMD.AX.

Shares of the company rose as much as 10.8% in early trade and hit a record high of A$1.75. The stock was up 8.2%, as of 0012 GMT, while the broader ASX 200 benchmark index .AXJO added 0.2%.

The company has signed a five-year contract to provide asset integrity and reliability services for Origin Energy at its Darling Downs, Eraring and Shoalhaven power assets across Queensland and New South Wales.

Under its five-year contract with South32, the world's biggest manganese producer, SRG will deliver specialist shutdown maintenance services for the miner's Worsley operations in the southwest region of Western Australia.

The company has also entered asset integrity and reliability services contracts with BHP Iron Ore in the Pilbara region of Western Australia, BHP Copper's assets in South Australia, Alcoa's AA.N refineries in the southwest of Western Australia and Anglo American's AAL.L assets across Australia.

SRG finalised a deal with Genesis Minerals to provide specialist production drilling and grade control services at the company's Jupiter gold operations.

The Australia-based diversified infrastructure services company has secured several other contracts with existing clients in sectors such as water, health, education, defence and data centres.

In November 2024, SRG won contracts worth A$700 million across Australia and New Zealand.

($1 = A$1.5408)

 (Reporting by Sherin Sunny in Bengaluru; Editing by Sumana Nandy and Mohammed Safi Shamsi)

 ((Sherin.Sunny@thomsonreuters.com;))