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An update from WestStar Industrial Ltd. ( (AU:WSI) ) is now available.
WestStar Industrial Limited’s subsidiary, SIMPEC, has secured an $8 million contract to supply and install mechanical packages for two ventilation systems as part of the NSW Government’s Western Harbour Tunnel project. This project is a significant infrastructure development aimed at improving transportation around Sydney by easing congestion on major routes. The contract marks a strategic expansion for SIMPEC on the east coast and reinforces its position in Australia’s infrastructure sector, promising enhanced operational capacity and stakeholder value.
More about WestStar Industrial Ltd.
WestStar Industrial Limited is an Australian industrial services company that operates in the energy, resources, utility, and infrastructure sectors. It specializes in steel fabrication, installation, and maintenance services, focusing on the resources, oil and gas, water, and infrastructure sectors. SIMPEC, a subsidiary of WestStar, offers construction and asset management services, specializing in structural mechanical and piping, electrical and instrumentation, and civil services.
Average Trading Volume: 147,358
Technical Sentiment Signal: Sell
Current Market Cap: A$7.47M
For a thorough assessment of WSI stock, go to TipRanks’ Stock Analysis page.