Australia's Synertec Corp gains on commercial order from gas giant Santos

Synertec

15/03/2023 24:48

** Shares of Synertec Corporation  SOP.AX  jump as much as
17.4% to A$0.270, set for best day since Nov 16, 2022, if gains
hold
    ** The Australian engineering services firm says it has
further developed its Goods and Services Contract (GSC) with
energy and gas giant Santos  STO.AX 
    ** Under GSC, Santos has issued an initial commercial
purchase order for co's powerhouse unit installed in Myalla
    ** Co says the commercial order will enable it to generate
revenue from the technology from April 1, 2023
    ** SOP at its highest level since March 6
    ** Synertec stock down 8% this year, as of last close
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))