**Shares of GR Engineering Services Ltd GNG.AX rise as much as 5.5% to A$3.24, their highest level since Sept 7, 2011
**Stock up 4.23% at A$3.2 as of 0150 GMT
**Gold explorer AIC Mines A1M.AX awards GNG, which provides engineering and construction solutions to miners, an A$77.6 million ($50.26 million) contract
**The engineering, procurement, and construction contract will expand AIC's Eloise processing facility in Queensland
**YTD, stock up 29.55%
($1 = 1.5439 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com;))
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