Monadelphous Group Secures AU$110 Million in New Contracts

MT Newswires Live

Jan 08

Monadelphous Group (ASX:MND) won new construction and maintenance contracts in the resources, energy, and renewable energy sectors, with a combined value of around AU$110 million, according to a Thursday filing with the Australian bourse.

The company received a four-year contract with BW Offshore Australia Management to deliver multidisciplinary maintenance services at the BW Opal floating production storage and offloading facility, with work set to start in the first quarter of 2026, per the filing.

The company also secured a contract with Rio Tinto Group (ASX:RIO) to modify the existing process plant at the Hope Downs 2 project in Western Australia's Pilbara region, with completion anticipated in the second half of 2026, the filing said.

Additionally, the company secured a contract in Papua New Guinea with Santos (ASX:STO) for the demolition and disposal of the 500-meter-long Hegigio Pipeline Bridge in the Southern Highlands, with work expected to be completed in the second half of 2026.

The company's renewable energy joint venture, Zenviron, secured a contract with Flow Power to deliver the 100/223 megawatt-hour Bennetts Creek battery energy storage system in Victoria's Latrobe Valley, with completion expected in late 2027, the filing added.

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