Monadelphous Wins $110m in New Energy and Resources Contracts

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

Monadelphous Group Limited has announced a suite of new construction and maintenance contracts across the resources, energy and renewable energy sectors, with an aggregate value of about $110 million, reinforcing its diversified project pipeline. The awards include a four-year multidisciplinary maintenance contract for BW Offshore’s BW Opal FPSO facility off the Northern Territory, plant modification works for Rio Tinto’s Hope Downs 2 project in Western Australia, demolition and disposal of Santos’ Hegigio Pipeline Bridge in Papua New Guinea, and, via its Zenviron joint venture, delivery of the Bennetts Creek Battery Energy Storage System in Victoria’s Latrobe Valley, collectively strengthening its presence in both traditional energy and emerging renewable infrastructure markets and supporting medium-term revenue visibility through to 2027.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$28.75 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

More about Monadelphous Group Limited

Monadelphous Group Limited is a leading Australian engineering group with more than 50 years of experience providing construction, maintenance and industrial services to the resources, energy and infrastructure sectors. Operating through its Engineering Construction and Maintenance and Industrial Services divisions, the Perth-headquartered company manages large-scale multidisciplinary projects and ongoing mechanical and electrical maintenance across Australia and internationally, including in China, Mongolia, Papua New Guinea, Vietnam and the Philippines.

Average Trading Volume: 218,484

Technical Sentiment Signal: Buy

Current Market Cap: A$2.7B

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