Management Resource Solutions PLC (LON: MRS) on Friday said its Bachmann Plant Hire (BPH) unit had won a contract for AUD$2.0mln contract providing civil and earthworks on an Australian Federal Government project in the Northern Territory.
The company said that mobilisation of equipment and personnel to Katherine, Northern Territory, Australia had already begun. MRS said the contract win rewarded BPH's strategy of exploring and executing opportunities outside of traditional operating locations.
"This parcel of work represents an exciting time and will no doubt open up further opportunities in the short term. We understand that mobilising equipment and people into remote communities is challenging, and we will closely monitor our performance," Shaun Fraser, the general manager of its civil and earthworks operations said in a statement.
"We understand that mobilising equipment and people into remote communities is challenging, and we will closely monitor our performance. Yet working on projects of this nature is expected to deliver commercially," he added.
Shares in MRS rose sharply in early trade but fell back and were 0.6% up at 8.5p later in the morning.