NRW’s Fredon wins $160m in new infrastructure and health contracts

NRW Holdings Limited ( (AU:NWH) ) just unveiled an update.

NRW Holdings’ subsidiary Fredon, part of the group’s EMIT division, has secured a suite of new electrical and mechanical contracts worth about $160 million, strengthening its presence in infrastructure and health. The wins span a major Commonwealth infrastructure project in Northern Australia, South Australia’s Festival Towers and Mt Barker Hospital developments, and electric bus charging infrastructure in South Australia and Victoria.

The contract portfolio, including a flagship $110 million electrical package on a large federal project and multiple design-and-construct bus depot charging jobs, extends Fredon’s pipeline through to at least 2028. Management says these awards highlight Fredon’s capability in complex projects and position NRW to benefit from rising demand for specialised electrical services in infrastructure and renewables, underpinning growth and geographic diversification for the wider group.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$6.60 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.

More about NRW Holdings Limited

NRW Holdings Limited is a diversified Australian contractor serving government, resources, industrial and infrastructure sectors, with operations across Australia and offices in Canada and the United States. Through subsidiaries including NRW Civil & Mining, Golding Contractors, Action Drill & Blast, AES Equipment Solutions and its MET and EMIT divisions, it delivers civil construction, contract mining, materials handling, minerals processing, energy projects and multi-service electrical and mechanical solutions.

Average Trading Volume: 1,401,356

Technical Sentiment Signal: Buy

Current Market Cap: A$2.74B

Learn more about NWH stock on TipRanks’ Stock Analysis page.