Southern Cross Electrical Engineering Limited (AU:SXE) has released an update.
Southern Cross Electrical Engineering Limited (SCEE Group) has boosted its project bonding capacity by 50%, raising the total available funds from $100m to $150m, through enhanced facilities with the Commonwealth Bank of Australia and other providers. The expansion, driven by a record order book and the upcoming Collie Battery Energy Storage System project, indicates SCEE Group’s strong market position and growth prospects. This strategic financial enhancement allows SCEE to back its performance obligations and capitalize on significant market opportunities.
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