Southern Cross Electrical Engineering Says Units Secure AU$75 Million in Electrical, Fire Services Contracts; Shares Hit All-Time High

MT Newswires Live
Feb 11

Southern Cross Electrical Engineering's (ASX:SXE) subsidiaries secured AU$75 million in contracts across Australia, according to a Wednesday filing with the Australian bourse.

SCEE Electrical secured a two-year master services agreement with CITIC Pacific Mining at the Sino Iron Project, while Heyday was awarded four more electrical packages at a Sydney hyperscale data center, bringing its total to 10, with completion set for November, per the filing.

Heyday has also been awarded the main electrical, communications, and security contract with Multiplex Constructions for the new Canberra Lyric Theatre in the Australian Capital Territory, with construction scheduled to start early this year and continue until July 2028, the filing said.

Force Fire was engaged by Richard Crookes Constructions to provide fire services for a 100,000 square-meter distribution center in southwest Sydney, including sprinklers, alarms, hydrants, and integrated systems, with the base building expected to be completed mid-year and fit-out works continuing until late 2027, the filing added.

The company's shares were down 1% in recent Wednesday trade but earlier hit an all-time high.

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