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Why the Decmil (ASX:DCG) share price is surging 5% today
Aaron Teboneras | March 15, 2021 10:48am |
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Decmil Group Limited(ASX: DCG) share price is surging today after the company announced a contract win.
At the time of writing, the engineering company’s shares are up 5.26%, trading at 60 cents.
What did Decmil announce?
In this morning’s release, Decmil advised that Rail Projects Victoria has awarded the company a contract to upgrade the Gippsland rail.
Decmil will join its partners through the VicConnect Consortium to undertake several works for the project. The work includes extending the Morwell crossing loop, upgrading level crossings and signalling, and adding second platforms at Bunyip, Longwarry and Morwell.