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03/07/2024 - 10:30

SRG books $225m of work

03/07/2024 - 10:30

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ASX-listed SRG Global has acquired $225 million worth of contracts across Australia with existing clients.

SRG books $225m of work
David Macgeorge was happy with SRG's end to the 2024 financial year.

ASX-listed SRG Global has acquired $225 million worth of contracts across Australia with existing clients.

SRG managing director David Macgeorge told the market these deals ensured the contractor secured approximately $500 million in contracts during the final quarter of the 2024 financial year.

“We are pleased to have secured these significant contracts for landmark projects and ongoing sustainment works through our established relationships with Tier 1 clients,” he said.

“Our ability to secure key contracts across a diversity of sectors and geographies is evidence of our strategic transformation to a truly diversified industrial services company.”

Of the new WA-based work, SRG has won the engineered curtain wall façade and structures contract alongside PACT Constructions for the Hancock Prospecting’s corporate headquarters re-development project.

Hancock Prospecting is owned by Gina Rinehart, Western Australia’s richest person.

SRG said work had already begun at the site and would likely be completed next year. It also has a structures contract with Multiplex as part of the Joondalup Health Campus development.

This work is also under way and will be completed next year.

SRG has also booked a specialist facade systems design, supply and installation contract with Sydney-based Built for the Chifley South development.

As of 9.53am WST, SRG shares were up 6 per cent, trading at 85.5 cents.