AusGroup secures A$32m worth of new contracts in Western Australia

Tan Nai Lun

Published Thu, Oct 7, 2021 · 01:03 PM

AUSTRALIAN construction engineering company AusGroup 5GJ : 5GJ 0% has been awarded multiple contracts across Western Australia's resources and energy sectors totalling some A$32 million (S$31.7 million).

Through the contracts, the mainboard-listed company has strengthened and maintained its order book of over A$1 billion, it said in a bourse filing on Thursday.

The contracts include resource projects focusing on rectification and fabrication works for conveyor gravity take-up units and twin boom stacker fabrication packages. They will also provide fabrication and onsite construction services for two waste-to-energy plants.

The group expects the projects will collectively create permanent and fly-in, fly-out employment opportunities over the coming months.

AusGroup's chief executive officer and managing director Shane Kimpton said: "These contracts will allow AusGroup to further solidify our presence in these sectors within our core services. Our order book is also strengthened, providing the group with greater revenue visibility and confidence into 2022."

Shares of AusGroup closed at S$0.025 on Thursday, up 4.2 per cent.