Shares of Australia’s SRG Global (ASX:SRG) rose as much as 4.8% to A$0.660, marking their highest level since October 3.

The diversified industrial services firm revealed it has secured a valuable road and bridge construction contract in New South Wales, valued at A$90 million ($57.90 million).

The contract is with Transport for New South Wales, which is a government organisation.

However, despite this boost, the company’s stock is down by 8.7% this year, as of the last close.

SRG Global is a diversified industrial services firm engaging in construction and engineering services.