Monadelphous Contracts Update
| Stock | Monadelphous Group Ltd (MND.ASX) |
|---|---|
| Release Time | 16 May 2025, 8:16 a.m. |
| Price Sensitive | Yes |
Monadelphous Wins $180M in New Contracts
- Awarded 5-year master agreement for marine structural integrity works at Rio Tinto's Cape Lambert Hub
- Secured contract for upgrade of Rolling Stock Maintenance Workshop at Fortescue's Thomas Marshalling Yard
- Awarded contract for hook up and commissioning of Woodside Energy's Floating Production Unit
Monadelphous Group Limited (ASX: MND) has announced the award of new construction and maintenance contracts in the resources, energy and infrastructure sectors valued at approximately $180 million. The company has been awarded a 5-year master agreement for marine structural integrity works at Rio Tinto's Cape Lambert Hub in the Pilbara region of Western Australia, with the first 2-year call-off scheduled for completion in the first half of 2027. Monadelphous has also secured a contract for the upgrade of the Rolling Stock Maintenance (RSM) Workshop at Fortescue's Thomas Marshalling Yard in Port Hedland, Western Australia, with work expected to be completed in 2026. In the energy sector, the company has been awarded a contract for the provision of multidisciplinary services associated with the hook up and commissioning of Woodside Energy's Floating Production Unit in the Scarborough Gas Field, located off the Pilbara coast of Western Australia. Additionally, Monadelphous' civil business, Melchor, has secured a multidisciplinary construction contract with Mid West Ports as part of the Geraldton Port Maximisation Project, Western Australia, with work expected to be completed in the second half of 2026.