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Symal Group Limited ( (AU:SYL) ) has shared an update.
Symal Group Limited’s subsidiary, Symal Infrastructure Pty Ltd, has secured a $347 million conditional contract for the Civil Balance of Plant works on the Gawara Baya Wind Farm project in North Queensland. This project is poised to make a significant impact by providing clean energy and reducing carbon emissions by approximately 1.3 million tonnes annually. The contract, subject to final conditions, is part of Symal’s strategic expansion into Northern Queensland and enhances its portfolio of renewable energy projects, potentially strengthening its market position and work-in-hand value.
More about Symal Group Limited
Symal Group Limited, headquartered in Melbourne, Australia, specializes in civil infrastructure and provides a wide range of services including contracting, equipment hire, material sales, recycling, and remediation. The company operates through its four main brands—Symal, Sycle, Unyte, and Wamarra—offering end-to-end civil construction solutions. Listed on the Australian Securities Exchange, Symal was founded in 2001, reflecting a strong market presence in the civil infrastructure sector.
YTD Price Performance: 16.47%
Average Trading Volume: 174,451
Current Market Cap: A$470M
See more insights into SYL stock on TipRanks’ Stock Analysis page.