Monadelphous wins $120m in new resources and renewable contracts

Monadelphous Group Limited ( (AU:MND) ) has provided an announcement.

Monadelphous Group Limited has secured a suite of new construction and maintenance contracts in the resources and renewable energy sectors worth about $120 million, reinforcing its role as a major service provider to leading miners. The wins include a five-year panel contract for mobile crane and lifting services and a three-year extension for multidisciplinary sustaining capital work across Rio Tinto’s Pilbara port and mine operations.

The company has also been awarded a contract to build a battery energy storage system at Fortescue’s Cloudbreak mine, its third such project supporting Fortescue’s decarbonisation agenda, with completion slated for the second half of 2026. In addition, Monadelphous has been appointed to a three-year panel to deliver structural and mechanical maintenance services for Port Waratah Coal Services in Newcastle, further deepening its footprint in key Australian mining and export hubs.

The most recent analyst rating on (AU:MND) stock is a Hold with a A$33.85 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 providing construction, maintenance and industrial services to the resources, energy and infrastructure sectors. It operates through Engineering Construction and Maintenance and Industrial Services divisions, and runs offices, projects and facilities across Australia and in several Asian countries, including China, Mongolia, Papua New Guinea, Vietnam and the Philippines.

Average Trading Volume: 265,494

Technical Sentiment Signal: Buy

Current Market Cap: A$2.9B

For detailed information about MND stock, go to TipRanks’ Stock Analysis page.