Australia's WestStar Industrial gains on Fortescue contract

Weststar Industrial

04/12/2025 02:18

** WestStar Industrial WSI.AX rises 5.5% to A$0.077; marks biggest intraday pct gain since October 31

** Stock hits highest since November 25

** Construction & engineering co's unit SIMPEC wins A$4.5 million (~$3 million) contract from Fortescue FMG.AX for modification works at Fortescue's Solomon Power Station in Western Australia

** About 537,128 shares traded, 2.6x the 30-day average

** YTD, WSI slips 23%

($1 = A$1.5133)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))