NRW extends halt, finalises big contract

NRW Holdings has extended its trading halt by a week as it finalises the details a "significant" contract.

The extension comes as Macmahon Holdings, in a joint venture with Leighton Holdings, was awarded a $500 million contract by BHP Billiton for work on the Rapid Growth Project 5.

NRW was expected to come out of a trading halt today however said it will remain in a trading halt until next Wednesday.

Shares in NRW last traded at 80 cents.