Forge Group Limited’s
(ASX:FGE) wholly owned subsidiary CTEC Pty Ltd has been awarded a $280 million engineering contract from Rio Tinto
(ASX:RIO).
Forge says the contract marks the second major project with Rio Tinto.
Forge also said since it acquired the company at the beginning of the year, CTEC has made a substantial contribution to the company’s revenue.
Forge Group booked a net profit of $49.3 million in the 2012 financial year.
