tiprankstipranks
Company Announcements

Calian Group’s Rapid Growth in the Nuclear Sector

Story Highlights
Calian Group’s Rapid Growth in the Nuclear Sector

Calian Group Ltd. (TSE:CGY) has released an update.

Calian Group Ltd. has experienced a surge in growth with a 58% increase in new contracts for its nuclear and environmental services division in Q4 FY2024, largely due to the acquisition of MDA’s nuclear assets and organic growth. The company’s expansion in the Canadian nuclear sector reflects its support for major nuclear projects and the federal commitment to net-zero emissions by 2050. With a doubling of its workforce, Calian is positioned as a key player in delivering solutions for both current and next-generation nuclear technologies.

For further insights into TSE:CGY stock, check out TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App