Shares in engineering and construction services group, Decmil Group (ASX:DCG), surged by up to 12.9% to A$0.175, marking its largest intraday percentage gain since April 20.
The boost came as the company announced that it had secured an A$84 million contract to work on the Ceres Urea Plant Project in Pilbara, Western Australia.
The recent contract bodes well for the company, taking its order book to over A$550 million, a significant increase in value.
The value of the company’s share reached the highest since July 19.
However, despite this uptick, Decmil Group’s share price has experienced an overall decline of approximately 11.4% for the year, as per the last closing figures.
Decmil Group is a provider of engineering and construction services.