Monadelphous (ASX:MND) Secures $400M in New Contracts
Contract Awards
Monadelphous Group Limited (ASX:MND) has been awarded new construction and maintenance contracts valued at approximately $400 million across the resources, energy, and infrastructure sectors. The Company secured a seven-year maintenance and construction services contract, with a three-year extension option, at Shell QGC’s Curtis Island operations in Gladstone, Queensland. Additionally, Zenviron, Monadelphous’ renewable energy joint venture with ZEM Energy, will deliver the 350 MW Wooreen Battery Energy Storage System for EnergyAustralia in the Latrobe Valley, Victoria, expected to be completed by late 2026.
In the iron ore sector, Monadelphous has obtained a contract for structural remediation at Rio Tinto’s mine sites in the Pilbara region, Western Australia, with completion scheduled for early 2029. BMC, the Company’s Victorian-based specialist services business, secured an outage contract at the Loy Yang B power station in Traralgon, due in the second half of 2025. Furthermore, Monadelphous has been awarded a contract to upgrade compressor stations for Jemena’s Eastern Gas Pipeline reversal project, expected to finish in early 2026.
Executive Comments
Managing Director Zoran Bebic said that since the beginning of the financial year, the Company has secured over $2 billion in new contracts and contract extensions, highlighting Monadelphous’ strong and diverse order book across a broad range of commodity markets and the renewable energy sector.
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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