Hyosung Heavy Industries (KRX:298040) signed a framework agreement with Australian electricity network operator AusNet to supply ultra-high voltage transformers and reactors in the region, worth 312 billion won, according to a Thursday filing with the Korean Exchange.
The supply period runs through 2032, with individual purchase orders to be issued on a project-by-project basis.
Hyosung Heavy's shares fell 2% in recent trade.