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AF Gruppen Secures Major Contract for Oslo Carbon Capture Facility

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AF Gruppen Secures Major Contract for Oslo Carbon Capture Facility

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AF Gruppen ASA ( (AGRUF) ) has issued an update.

AF Gruppen ASA has been awarded a significant contract to construct a technical building and foundations for a carbon capture facility at Hafslund Celsio’s waste incineration plant in Oslo. This project, part of Norway’s Longship initiative, marks one of the world’s first carbon capture facilities for waste incineration, with an estimated contract value of NOK 500 million. The construction is set to begin in November 2025 and complete by Q4 2028, aligning with AF Gruppen’s strategic focus on environmental projects and strengthening its industry positioning.

The most recent analyst rating on (AGRUF) stock is a Buy with a NOK180.00 price target. To see the full list of analyst forecasts on AF Gruppen ASA stock, see the AGRUF Stock Forecast page.

More about AF Gruppen ASA

AF Gruppen ASA is a prominent company in the construction industry, known for its expertise in civil engineering projects. The company focuses on delivering high-quality construction services and has a strategic interest in environmental projects.

YTD Price Performance: 15.40%

Average Trading Volume: 29,496

Current Market Cap: NOK18.11B

For an in-depth examination of AGRUF stock, go to TipRanks’ Overview page.

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