Business
Why the Duratec (ASX:DUR) share price is up 10% this afternoon
The Duratec Ltd (ASX: DUR) share price is on the rise after the company announced it has executed a letter of intent for a $63 million contract.
If successful, the engineering, construction, and remediation company will begin preliminary works to refurbish the façade of a high-rise in Perth’s CBD. Specifics as to which high-rise are yet to be made public.
The Duratec share price is currently sitting at 52 cents, up more than 10% from yesterday’s closing price of 47 cents.
More about the $63 million contract
Up for grabs is the contract to re-clad and enhance the façade of a significant Perth high-rise building.
Duratec is in final…
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