Following the win of an $11m contract by one of its subsidiary yesterday, industrial service provider Paladio Group is on a roll with two more contracts secured on Tuesday.
The group said its two other subsidiaries have won $10 million in new orders.
McFee Pty Ltd will receive $8 million for the structural, mechanical and piping installation for a new mineral processing plant in remote Australia.
Its industrial coating subsidiary, Novacoat will receive $2 million for a package to treat fabricated structural steel works for the Boddington Gold expansion project.
"This continues the excellent start to calendar 2008 as McFee and Novacoat were poised to win these projects for some time. These projects are part of the significant infrastructure work programs currently in progress in the resources sector," Paladio's managing director, Dick Wright said.
The Paladio Group employs over 400 people across Australia and provides a range services through a group of integrated businesses to resource projects and infrastructure owners throughout Australia.
Theses services include infrastructure construction, commissioning, maintenance, engineering design and drafting.
Despite the positive developments, PDO shares fell 3.5% to 56 cents.
