SRG Global wins $850m in new contracts from repeat clients across Australia and NZ
SRG Global (ASX: SRG) has won $850 million in contracts with repeat blue-chip clients in Australia and New Zealand across sectors including industrial, resources, health, education, defence and transport.
Global managing director David Macgeorge said the contracts further demonstrated SRG’s market-leading capabilities as a diversified infrastructure services company.
SRG believes it is well-positioned to continue delivering sustainable long-term growth.
Water and energy contracts
Among the projects is a dam-anchoring contract with Queensland government agency Seqwater to deliver staged strengthening works at the North Pine Dam in the state’s south-east and an infrastructure contract with Hunter Water in New South Wales for the construction of water mains at the planned Belmont desalination plant in Newcastle.
Both commence immediately and should be completed by mid-2026.
SRG has commenced a five-year contract with Origin Energy (ASX: ORG) for asset integrity and reliability services at the Darling Downs, Eraring and Shoalhaven power assets in Queensland and NSW.
The company will also start a contract with Genesis Energy (ASX: GNE) in September to refurbish penstocks at the Waikaremoana hydro scheme on New Zealand’s North Island.
Mining services
SRG has commenced work on an initial three-year contract to provide specialist production drill, blast, explosives and grade control services at Genesis Minerals’ (ASX: GMD) Jupiter gold operations and a 12-month contract extension at the company’s Admiral operations, both in Western Australia’s northern goldfields region.
It has also embarked on asset integrity and reliability services term contracts for BHP Group’s (ASX: BHP) Pilbara iron ore and South Australia copper operations, Alcoa Corporation (ASX: AAI) refineries in WA’s south-west and Anglo American’s assets across Australia.
The duration of these contracts ranges from 12 months to five years.
Maintenance and structures work
SRG is set to begin a five-year major shutdown maintenance contract for South32 (ASX: S32) in August, as well as an infrastructure contract for access road construction at the same site.
The company will also use its shutdown expertise to help the Bugarrba Aboriginal joint venture between SRG and local Njamal members that is focused on engineering access services (particularly scaffolding) for BHP’s operations in WA’s Pilbara region.
It has commenced a structures contract with Lendlease Group (ASX: LLC) for a new science facility at WA’s Curtin University that is scheduled for completion in March 2026.
SRG is also managing a structures contract for Multiplex at a new NextDC (ASX: NXT) data centre in metropolitan Perth and specialist façade contracts for Multiplex and Buildcorp in Brisbane’s inner-city district.