UGL wins $190M contracts

Company News

UGL Limited (ASX:UGL) has secured $190 million in new freight locomotive orders with various blue-chip Australian customers.

Under the new contracts, the engineering firm will deliver 38 locomotives to customers which include Rio Tinto Limited (ASX:RIO), Xstrata Coal Australia and QR National (ASX:QRN).

Managing director, Richard Leupen says, strong demand for locomotive rolling stock continues and is supported by resources related investments on both the East and West coasts of Australia.

UGL reported a net profit of $55.5 million for its first half figures this year.