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Veris Limited ( (AU:VRS) ) just unveiled an update.
Veris Limited has secured a significant engineering survey contract valued between $16 million and $20 million for the Suburban Rail Loop East, Tunnels North package in Victoria. This contract, awarded by the Terra Verde consortium, involves constructing 10 kilometers of twin tunnels in Melbourne and boosts Veris’ secured workload to over $65 million. The project reinforces Veris’ reputation as a leading provider of data-led precision engineering survey solutions, supporting major infrastructure projects and contributing to the Victorian Government’s Big Build program.
More about Veris Limited
Veris Limited is a fully integrated digital and spatial data advisory and consulting firm listed on the ASX under the code VRS. It provides comprehensive spatial data and digital solutions to tier-1 clients across various sectors including Transport, Buildings & Property, Energy & Resources, Defence, Utilities, and Government. The company operates nationally in Australia, offering services that encompass spatial data collection, analytics, and consulting, catering to large-scale data requirements.
YTD Price Performance: 18.37%
Average Trading Volume: 236,370
Technical Sentiment Signal: Buy
Current Market Cap: A$30.03M
For detailed information about VRS stock, go to TipRanks’ Stock Analysis page.