Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Monadelphous Group Limited ( (AU:MND) ) is now available.
Monadelphous Group Limited announced the award of new construction contracts in the resources sector valued at approximately $220 million. The contracts include a major multidisciplinary construction project with BHP for the Jimblebar Train Loadout Replacement Project in Western Australia, expected to be completed by late 2027, and a contract for Fortescue’s North Star Junction Battery Energy Storage System, supporting decarbonization efforts, expected to finish in the first half of 2026. These contracts enhance Monadelphous’s industry positioning by expanding its portfolio in the resources sector and supporting sustainability initiatives, potentially benefiting stakeholders through increased project visibility and future opportunities.
The most recent analyst rating on (AU:MND) stock is a Buy with a A$23.60 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.
More about Monadelphous Group Limited
Monadelphous Group Limited is a leading Australian engineering group with over 50 years of experience, providing construction, maintenance, and industrial services to the resources, energy, and infrastructure sectors. The company operates through two main divisions: Engineering Construction, which offers large-scale multidisciplinary project management and construction services, and Maintenance and Industrial Services, specializing in mechanical and electrical maintenance services, shutdowns, and sustaining capital works. Monadelphous is headquartered in Perth, Western Australia, with a significant presence in Brisbane and operations across Australia, China, Mongolia, Papua New Guinea, Vietnam, and the Philippines.
Average Trading Volume: 248,003
Technical Sentiment Signal: Buy
Current Market Cap: A$2.19B
For detailed information about MND stock, go to TipRanks’ Stock Analysis page.