NRW Holdings unit secures contracts worth $195M
- NRW Holdings announced two new contract awards with a combined maximum value of $195 million.
- The company's stock closed unchanged following the mid-year mining services updates.
- The new agreements secure regional employment and expand the group's infrastructure order book.
NRW Holdings (ASX:NWH) announced that its subsidiary Golding Contractors secured two separate agreements in South Australia and Queensland worth up to $195 million.
The dual wins expand the company's existing operations against a backdrop of increasing demand within Australia's resource and infrastructure sectors.
“As the company looks to FY27, it is pleasing to see these contract awards further strengthen our order book,” said NRW Holdings CEO Jules Pemberton.
The secondary details outline a $150 million equipment hire deal over three years starting July, alongside a $41-$55 million rail diversion project due for completion in March 2027.
The projects sustain local operations by keeping approximately 60 people at the South Australian mine and engaging around 230 people on the Queensland development.
Following the announcement, the NRW Holdings share price was unchanged at $7.25.
The broader business strategy relies on maintaining long-term regional presences, such as a 15-year tenure in the Whyalla region.
The company has steadily built momentum through structural expansion, which includes previous contract completions and targeted infrastructure tenders across Australia.
