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Macmahon Holdings Limited ( (AU:MAH) ) has issued an announcement.
Macmahon Holdings Limited announced that its subsidiary, Decmil, has been awarded a $51 million contract as part of a joint venture with RJE Global for the Waddi Windfarm project in Western Australia. This contract, part of a larger $91 million project with Tilt Renewables, involves the design and construction of essential infrastructure for the wind farm, highlighting Decmil’s capabilities in the renewables sector and aligning with Macmahon’s strategy to expand its civil infrastructure business in Australia.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.65 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
More about Macmahon Holdings Limited
Macmahon Holdings Limited is an ASX-listed company providing comprehensive mining services across Australia and Southeast Asia. With expertise in both surface and underground mining, Macmahon is recognized as a preferred contractor for resource projects, focusing on building strong, transparent client relationships to ensure mutually beneficial outcomes.
Average Trading Volume: 3,003,126
Technical Sentiment Signal: Buy
Current Market Cap: A$1.2B
See more insights into MAH stock on TipRanks’ Stock Analysis page.