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Urban Infrastructure Group Inc ( (TSE:UIG) ) has issued an announcement.
Urban Infrastructure Group Inc. has secured a contract for concrete and drainage work for a large-scale residential development in Kitchener, Ontario. This contract, which involves 100 new home builds, highlights UIG’s competitive edge in the industry despite challenging economic conditions. The project is set to begin next month and be completed within six months. This win follows a recent project in Milton, Ontario, and underscores UIG’s commitment to providing essential infrastructure solutions to address the supply-demand imbalance in the residential housing market.
More about Urban Infrastructure Group Inc
Urban Infrastructure Group Inc. is a leading construction company specializing in concrete and drainage infrastructure. The company focuses on the earliest stage of construction, known as Stage One, and is involved in large-scale, master-planned residential communities. UIG partners with significant developers in Ontario, contributing to major residential development projects.
Average Trading Volume: 36,673
Technical Sentiment Signal: Sell
Current Market Cap: C$2.31M
Find detailed analytics on UIG stock on TipRanks’ Stock Analysis page.