Stock Track | GR Engineering Services Soars 5.37% on Major Contract Wins Totaling A$219 Million

Stock Track

05/26

GR Engineering Services Ltd (GNG.AU) saw its stock price soar 5.37% during intraday trading on Tuesday, following the announcement of two significant new contracts.

The surge appears to be driven by the company securing two major engineering, procurement, and construction (EPC) contracts. GR Engineering executed an EPC contract with Brightstar Resources for the Laverton processing plant in Western Australia, valued at A$110 million.

Concurrently, the company signed a separate A$109 million EPC contract with Boab Metals Ltd for the Sorby Hills Silver-Lead processing plant. The combined value of these new projects is A$219 million, representing substantial new business for the engineering firm.

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