Southern Cross Electrical Engineering (ASX:SXE) witnessed an increase in shares as much as 1.5%, reaching a high of A$0.69, the highest since August 9.

The gain comes as the electrical and communication services provider announces over A$90 million in contract awards.

Southern Cross operates in the resources, infrastructure, and commercial sectors.

The company boasts of a record order book entering the fiscal year 24.

Despite the current gain, the company’s stock has fallen by 2.2% this year, as of the last close.

Southern Cross Electrical Engineering is a key player in providing electrical and communication services.