SRG Global Secures $850m in Multi-Sector Contracts Across Australia and NZ
SRG Global has locked in $850 million worth of contracts spanning water, energy, resources, and more, reinforcing its position as a diversified infrastructure leader in Australia and New Zealand.
- Contracts total $850 million with blue-chip repeat clients
- Projects cover sectors including water, energy, resources, health, and transport
- Multi-year terms with major clients like BHP, South32, and Origin Energy
- Work spans Australia and New Zealand with completion dates up to 2026
- Positions SRG Global for sustained growth and market leadership
A Broad Contract Win Across Key Sectors
SRG Global has announced a substantial haul of contracts valued at $850 million, awarded by a roster of blue-chip clients across Australia and New Zealand. This diverse portfolio spans critical infrastructure sectors including water, energy, oil and gas, industrial resources, health, education, defence, transport, data centres, and commercial developments.
The contracts reflect SRG Global’s broad capabilities and trusted relationships, with repeat clients entrusting the company to deliver complex projects. Notable contracts include dam anchoring works for Seqwater’s North Pine Dam in Queensland and water mains construction for Hunter Water’s Belmont Desalination Plant in New South Wales.
Energy and Resources – Long-Term Commitments
In the energy sector, SRG Global secured a five-year term contract with Origin Energy to provide asset integrity and reliability services across multiple power assets in Queensland and New South Wales. Similarly, a refurbishment contract with Genesis Energy in New Zealand’s hydro scheme highlights the company’s trans-Tasman reach.
Resource sector contracts include multi-year agreements with mining giants such as BHP, South32, and Anglo American. These involve specialist services like production drilling, blasting, shutdown maintenance, and infrastructure construction, underscoring SRG Global’s integral role in sustaining Australia’s mining operations.
Infrastructure and Commercial Projects
Beyond industrial projects, SRG Global is engaged in significant infrastructure works including the Curtin University Sciences Facility in Perth and ongoing defence infrastructure in Western Australia. The company also secured contracts supplying engineered products for major transport projects like the Western Sydney Airport Stations and the River Torrens to Darlington project in South Australia.
In the commercial and data centre space, SRG Global is working with Multiplex on the NextDC Malaga Data Centre in Perth and facade contracts in Brisbane, demonstrating its versatility across construction disciplines.
Strategic Implications and Outlook
Managing Director David Macgeorge emphasized that these contract awards reinforce SRG Global’s market-leading position as a diversified infrastructure services provider. The breadth and scale of these contracts not only provide revenue visibility but also position the company well for sustainable growth amid ongoing infrastructure demand in Australia and New Zealand.
While the announcement does not detail margin impacts or capital expenditure, the multi-year nature of many contracts suggests a stable pipeline of work. Investors will be watching closely for execution progress and any updates on profitability in upcoming quarterly reports.
Bottom Line?
SRG Global’s $850 million contract win cements its role as a key infrastructure partner, setting the stage for sustained growth across Australia and New Zealand.
Questions in the middle?
- What are the expected margins and profitability on these new contracts?
- How will SRG Global manage execution risks across such a diverse project portfolio?
- Could these contracts lead to further expansion or acquisitions in the infrastructure sector?
