BUZZ-Australia's SRG Global hits 12-1/2-year high on $455 mln contract win

Reuters

2024-11-19

BUZZ-Australia's SRG Global hits 12-1/2-year high on $455 mln contract win

** Shares of SRG Global SRG.AX rise as much as 10.9% to A$1.325, their highest since May 2012

** Construction firm says it has won contracts worth A$700 mln ($455.14 mln) from Pilbara Minerals PLS.AX, South32 S32.AX, Fonterra FCG.NZ and Glencore GLEN.L

** Contracts are for asset integrity services, building of tailings dam, mine's maintenance services and engineered services for dairy operations in Australia & New Zealand

** Stock posts its biggest intraday pct gain since early July 2021

** Stock up 91.8% YTD, including current session

($1 = 1.5380 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com))

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