Southern Cross Electrical Engineering has won its fourth electrical and instrumentation contract at CITIC Pacific’s Sino Iron project in the Mid West.
Under the new deal, Southern Cross will construct an additional power line and perform electrical and instrumentation work at Area F of the Sino Iron process plant.
The company’s order book for financial year 2011-12 stands at around $75 million, managing director Simon High said.
Mr High said 12 months ago, the order book stood at $27 million.
“The recent announcements by civil and structural contractors working on major Australian resource projects are a key leading indicator for our business,” he said.
“These announcements combined with the growth in our order book give me great confidence that SXE is on track for strong growth over the coming years.”
At 10:00AM today, the company’s stock had gained 6.6 per cent, to trade at 80 cents.
