Shares in industrial services firm SRG Global (ASX:SRG) have risen as much as 3.3% to A$0.625.

This marks their largest intraday percentage gain since September 4.

SRG Global has secured a 10-year maintenance contract, worth roughly NZ$130 million ($76.87 million), with Transpower New Zealand.

The contract involves a range of specialist industrial services, including the removal of existing coatings through specialist blasting, among others.

It’s set to commence on July 1, 2024, for an initial five-year term.

It then holds a further five-year right of renewal from July 1, 2029.

However, year-to-date, SRG’s stock is down by 12.3% as per last closed market session.

SRG Global is a diversified industrial services firm.