InvestSMART

Monadelphous Group Limited (ASX:MND)

ALERT: Price-sensitive ASX Announcement for MND
Current share price for MND : $31.970 3.48 (12.21%)+
Announcement
Release
31 Jul 2026 8:15AM
Price at Release
$28.490
Full Release
download
Summary
Monadelphous Group Limited announced that its subsidiary, Kerman Contracting, has been awarded a contract valued at approximately $165 million by Rio Tinto for the design and construction of non-process infrastructure facilities at the Brockman Syncline 1 project in Western Australia. The project is set to begin in 2026 and finish in 2028, enhancing Kerman's portfolio and Monadelphous' forward order book. Monadelphous is a prominent Australian engineering company with over five decades of experience in construction, maintenance, and industrial services within the resources, energy, and infrastructure sectors.
Key Points
  • Kerman Contracting, a subsidiary of Monadelphous Group Limited, secured a design and construction contract with Rio Tinto.
  • The contract is for the Brockman Syncline 1 project in the Pilbara region of Western Australia.
  • The contract is valued at approximately $165 million.
  • It involves the design and construction of non-process infrastructure facilities.
  • Work on the project is expected to start in 2026 and be completed in 2028.
  • Monadelphous has a strong track record and a robust forward order book.
  • Monadelphous is a leading Australian engineering group with over 50 years of experience.
  • The company operates in the resources, energy, and infrastructure sectors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.