Monadelphous Secures $400 Million in New Contracts Across Key Sectors

An update from Monadelphous Group Limited ( (AU:MND) ) is now available.

Monadelphous Group Limited announced new contracts worth approximately $400 million across resources, energy, and infrastructure sectors. Key projects include a maintenance and construction services contract at Shell QGC’s operations in Queensland, a renewable energy project in Victoria through its joint venture Zenviron, structural work for Rio Tinto in Western Australia, and other significant infrastructure works. The company secured over $2 billion in new contracts and extensions this financial year, reinforcing its robust order book and diversified market presence.

More about Monadelphous Group Limited

Monadelphous Group Limited is a leading Australian engineering company specializing in construction, maintenance, and industrial services for the resources, energy, and infrastructure sectors. With over 50 years of experience, the company operates two main divisions: Engineering Construction, which provides large-scale multidisciplinary project management and construction services, and Maintenance and Industrial Services, focusing on mechanical and electrical maintenance services. Headquartered in Perth, Monadelphous has a significant presence in Brisbane and operates across Australia, China, Mongolia, Papua New Guinea, and the Philippines.

YTD Price Performance: 17.47%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €985.3M

For an in-depth examination of MND stock, go to TipRanks’ Stock Analysis page.