UGL Ltd (ASX:UGL) says its infrastructure business has been awarded $270 million worth of projects across Australia and New Zealand.
The engineering services company will deliver projects to new and existing customers in the water, energy, transport and communications service industries.
Among the projects is a new five year deal with Murrumbidgee Irrigation in New South Wales and a new rail signalling project for QR National (ASX:QRN) in Queensland.
In August UGL said it had achieved its ninth consecutive increase in full year profit and that it is targeting 10 to 15 per cent growth in underlying net profit after tax in fiscal 2011.
UGL posted a net profit of $144 million in the year to 30 June 2010.
UGL Price at posting:
$14.35 Sentiment: None Disclosure: Held
