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FINWIRES

NRW Unit Wins Five Contracts Worth AU$160 Million

-- NRW's (ASX:NWH) Fredon subsidiary secured five electrical and mechanical contracts with a combined value of about AU$160 million, according to a Friday filing with the Australian bourse.

The contracts include an electrical package of works on an Australian government infrastructure project worth about AU$110 million, an electrical services contract for the Festival Tower project worth AU$23 million, and a design-and-construct package for electric bus charging infrastructure at a South Australia bus depot worth AU$5 million, the filing said.

An 80%-owned joint venture by Fredon also secured a AU$24 million mechanical contract for the Mt Barker Hospital project in South Australia.

Additionally, Fredon won a contract for the design, supply, installation, testing, commissioning, and coordination of all electrical systems related to charging infrastructure installation at the Oakleigh bus depot in Victoria, per the filing.

NRW shares rose 2% in morning trade on Friday.

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