NRW subsidiary secures $100M contract

Company News

NRW Holdings Limited (ASX:NWH) subsidiary Action Drill and Blast has been awarded a $100 million supply contract by John Holland Group, part of the Leighton Holdings Limited (ASX:LEI) stable.

The three year contract is for the supply of blasting services and explosives at John Holland’s Isaac Plains operation in Queensland.

CEO Jules Pemberton says it is very pleasing to see Action Drill and Blast secure long term contracts with premier organisations.

Mr Pemberton said NRW is extremely pleased by Action Drill and Blasts strengthened position as a provider of superior drilling and blasting services.

Action has been operating on the Isaac Plains project since early July 2012 on a short term contract.

NRW Holdings reached a net profit of $97 million in the 2012 financial year.

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