Shares of NRW Holdings (ASX:NWH) surged as much as 2.8% to A$2.715, marking their largest intraday gain since September 28.

The company, a provider of diversified contract services, announced it has secured contracts totalling approximately A$200 million ($128.38 million).

The shares touched their highest level since October 3 and appear to be on course for a second successive session of gains, a trend that is expected to sustain.

As of the last close, NRW Holdings has experienced a decline of 6.1% in its stock for the year to date.

NRW Holdings is a diversified contract services corporation.