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Monadelphous Group Limited (ASX:MND) has won about $150 million of contracts for work in the oil and gas and iron ore sectors in the Pilbara region of Western Australia.
The engineering group will work on BHP Billiton Limited’s (ASX:BHP) petroleum business for structural, mechanical and piping installation works associated with the construction of an onshore gas plant.
Monadelphous will also work on Rio Tinto Limited’s (ASX:RIO) iron ore expansion through the design and construction of a gas transmission pipeline, for the supply of gas to a new power station near Newman.
Work on both contracts is expected to be completed next year.
Monadelphous Group's first half net profit increased by 26 per cent to $57.5 million.
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$40.81 |
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