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AF Gruppen Secures Major Contract for Transformer Station Project in Sweden

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AF Gruppen Secures Major Contract for Transformer Station Project in Sweden

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The latest update is out from AF Gruppen ASA ( (AGRUF) ).

Kanonaden Entreprenad Mälardalen AB, part of AF Gruppen, has secured a significant contract worth MSEK 117 for extensive groundwork and concrete work at Hamra for Linxon Sweden AB, commissioned by Svenska kraftnät. The project involves reconstructing an existing transformer station and building a new 400 kV transformer station, with completion expected by 2030, highlighting AF Gruppen’s continued expansion and expertise in large-scale infrastructure projects.

The most recent analyst rating on (AGRUF) stock is a Hold with a NOK196.00 price target. To see the full list of analyst forecasts on AF Gruppen ASA stock, see the AGRUF Stock Forecast page.

More about AF Gruppen ASA

AF Gruppen ASA is a prominent company in the construction and engineering industry, offering a wide range of services including groundwork, concrete work, and infrastructure development. The company focuses on delivering turnkey projects and has a significant presence in the Nordic market.

Average Trading Volume: 41,233

Current Market Cap: NOK19.51B

For a thorough assessment of AGRUF stock, go to TipRanks’ Stock Analysis page.

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