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Highlights
- SRG Global wins $850 million in fresh contracts
- Projects span water, energy, mining, and education sectors
- Contract durations range from 12 months to five years
SRG Global (ASX:SRG) has announced a major milestone with the securing of $850 million in new contracts from existing clients across Australia and New Zealand. The diversified infrastructure group is delivering across critical sectors including water, energy, mining, education, and defence, further highlighting its stronghold in the regional infrastructure services market.
This wave of projects includes long-term contracts, some lasting up to five years, showcasing the company's operational reliability and client trust. The contracts are evenly distributed across Australia and New Zealand, reflecting SRG Global’s growing regional footprint and strong client retention in the infrastructure domain.
Water and Energy Sector Projects
A major part of the new wins includes crucial public utility work. In Queensland, SRG will lead dam anchoring for Seqwater at North Pine Dam, while in New South Wales, it will construct water mains for Hunter Water’s Belmont desalination plant. Both projects are set to conclude by mid-2026.
SRG Global has also launched a five-year asset integrity services contract for power stations operated by Origin Energy (ASX:ORG) in Queensland and NSW. In New Zealand, a September start is planned for refurbishment work at the Waikaremoana hydro scheme for Genesis Energy (ASX:GNE), further expanding its renewable energy engagement.
Mining and Resources Operations
In the mining sector, SRG has begun specialist drill and blasting services at Genesis Minerals (ASX:GMD)'s Jupiter gold operations in WA, along with a contract extension at its Admiral site. These contracts represent the company’s growing footprint in the goldfields region.
Asset integrity services also continue with giants like BHP Group (ASX:BHP) in the Pilbara and South Australia, Alcoa Corporation (ASX:AAI) in southwest WA, and Anglo American, covering multiple Australian operations. These projects have varying durations, from 12 months to five years, ensuring a sustained revenue stream.
Structural and Maintenance Engagements
The company is scheduled to commence a five-year shutdown maintenance agreement with South32 (ASX:S32), which includes infrastructure upgrades. SRG’s joint venture with the Bugarrba Aboriginal group will also continue supporting BHP’s Pilbara operations with engineering access services.
On the institutional and commercial front, SRG is delivering structural work for Lendlease Group (ASX:LLC) at Curtin University’s new science facility, due in March 2026. Additional work includes projects for Multiplex at a new data centre for NextDC (ASX:NXT) and façade works in Brisbane’s inner city.
SRG Global’s inclusion in the ASX200 underlines its market strength and relevance among Australia's top-tier companies. This update adds further momentum to its narrative as a trusted player in the infrastructure services space.
With repeat business from established clients and a diversified portfolio across essential sectors, SRG Global continues to strengthen its position in the ASX200 landscape while paving the way for sustainable, long-term growth.