RCR wins $100m in contracts

Engineering firm RCR Tomlinson has secured new contracts worth a combined $100 million, including $48 million in water infrastructure projects in Western Australia.

RCR has also been named the preferred contractor for a maintenance and shutdown contract at Origin Energy’s Eraring Power Station, with the contract valued at $54 million over three years.

It follows news in August that the company had purchased Water Corporation’s engineering and construction services business.

 “Added to our healthy order book these contract wins will contribute to building our revenues for the second half of this financial year and help to further diversify our WA business,” managing director Paul Dalgleish said.

“The growing pipeline of rail infrastructure, power station and mining projects continues to support our aspirations for revenue growth next year.”

RCR also announced its order book stood at $935 million, down from $1.03 billion at 30 June, but said revenue was expected to remain flat for the first half of the financial year, while earnings would be “biased to the second half of the financial year”.

Shares in RCR were 3.8 per cent higher to $2.40 each at 10am.