Australia's Weststar Industrial rises on $18 mln APA contract

Weststar Industrial

11/10/2021 04:40

** Shares of mining services provider  WSI.AX  rise as much
as 4.6% to A$0.023, their highest since Sept. 28
    ** Co says that its engineering construction contracting
business, Alltype Engineering, awarded a A$25 mln ($18.31 mln)
contract by energy infra firm APA Group  APA.AX   urn:newsml:reuters.com:*:nASX8ygZbN
    ** Under contract, Alltype to deliver a new two-unit gas
compressor station for APA in the Midwest region of Western
Australia
    ** Well positioned for FY22 with a secured orderbook of
A$210 mln - WSI
    ** More than 5.3 mln shares traded vs 30-day moving average
of about 1.8 mln shares
    ** Stock flat YTD, as of last close


($1 = 1.3657 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com))