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SRG Global (ASX: $SRG) secures marine maintenance contract with BlueScope Steel

SRG Global Secures Marine Maintenance Contract


SRG Global Ltd (ASX: $SRG) has secured a contract valued at approximately $35m to upgrade the wharf at Port Kembla, New South Wales. The contract, with BlueScope Steel (AIS) Pty Ltd, involves specialist marine remediation services and is expected to be completed by 2026.

Executive Commentary


We are excited to be awarded this contract that builds on our portfolio of specialist marine remediation projects across Australia. We look forward to applying our integrated capabilities through these works and developing our relationship with BlueScope Steel. This contract award recognises SRG Global's proven capabilities and continued focus on the marine infrastructure sector. Importantly, this builds on our growing presence in Southern NSW after our recent contract award of the $90m Jervis Bay transport infrastructure project.

Summary


SRG Global (ASX: $SRG) has secured a contract valued at approximately $35m to upgrade the wharf at Port Kembla, New South Wales. The contract with BlueScope Steel (AIS) Pty Ltd involves specialist marine remediation services, including the reconstruction of front service duct, concrete remediation, cathodic protection works, construction of the rear unloader beam, and an extension to the wharf structure. The contract is expected to be completed by 2026. This announcement reflects SRG Global's continued focus on the marine infrastructure sector and its growing presence in Southern NSW. The company's vision to be the most sought-after in what they do through 'Making the Complex Simple' underlines their commitment to delivering critical services for major industry across the entire asset lifecycle.

SRG GLOBAL LIMITED
SRG | ASX | Industrials
0.8750.02(+2.34%)
At close 05/07 (AEDT)
Market cap
$445.7M
Volume
1,182,629
DY Yield
4.57
PE Ratio
17.86
52 Week Range
0.6 - 0.925
1YR Return
121.519%

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