Australia's Weststar Industrial hits 5-month high as unit wins contract in WA

Weststar Industrial

15/08/2023 06:23

** Shares of Weststar Industrial  WSI.AX  rise as much as
7.7% to A$0.21, marking biggest intraday pct gain since March 1
    ** Stock at highest level since Aug. 4
    ** Industrial services co says its unit SIMPEC awarded A$105
mln ($68.25 mln) contract with Cockburn Cement for Kwinana Plant
Upgrade Project in Western Australia
    ** Contract work has commenced on site, expected to be
delivered by second quarter of 2024, says co
    ** Stock up 7.7% this year, as of last close


($1 = 1.5385 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))