Why the Monadelphous (ASX:MND) share price is in focus

The Monadelphous Group Limited (ASX: MND) share price will be in focus this morning. This comes after the company announced it has secured a long-term contract with a mining giant. At yesterday’s market close, the engineering company’s shares finished the day relatively flat at $11.25.

Quick take on Monadelphous

Established in 1972, Monadelphous is a leading Australian engineering group that provides construction, maintenance and industrial services. The company operates in the resources, energy and infrastructure sectors.

Monadelphous has major offices in Perth, Western Australia and in Brisbane, Queensland to run its biggest projects. Furthermore, the company supports its operations with projects, facilities, and workshops…