Australia's SRJ Technologies surges on securing first order in Saudi Arabia

SRJ Technologies

27/04/2021 03:59

** Shares of engineering services provider SRJ Technologies
Group  SRJ.AX  jump as much as 3.3% to A$0.310, marking their
best day since April 8
    ** Stock hits highest level since April 19
    ** Co says it received its first order in Saudi Arabia
through ZAMIL Operations and Maintenance Co Ltd (ZOMCO),
following the appointment of ZOMCO as exclusive agent in Saudi
Arabia in Q4 2020  urn:newsml:reuters.com:*:nASN00146A
    ** Co says contract awarded to design, manufacture and
install SRJ asset integrity solutions for the repair and
maintenance of pipeline equipment for Saudi Basic Industries
Corporation (SABIC) facilities in Jubail Industrial City    
    ** SRJ had fallen 41.2% so far this year, as of last close
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))