Duratec secures $70M in new contracts

·       Duratec has secured four contract awards with a combined value of approximately $70 million across the energy, marine, and mining sectors.

·       Following the announcement, Duratec shares traded flat at $2.22 in morning trading.

·       The new project awards expand the company's footprint into future energy infrastructure and decarbonisation markets.

Australian engineering contractor Duratec (ASX:DUR) has secured four new contracts with a combined value of approximately $70 million.

The agreements span the energy, marine, and mining sectors, highlighting demand across established and emerging infrastructure markets.

"This award reflects Duratec's ongoing expansion into the energy and decarbonisation sector," said Duratec Managing Director Chris Oates.

Key work includes a 30-month Fremantle Ports project and a three-year wharf remediation contract for Rio Tinto at Gove.

Following the announcement, the Duratec share price was unchanged at $2.22 as the company targeted future infrastructure expansion.

Over the past year, Duratec shares rose 59% compared to a 1% gain for the All Ordinaries Index.

Duratec continues to leverage its regional expansion in Western Australia and the Hunter Region to secure major industrial contracts.