ASX ANNOUNCEMENT – ORCODA LIMITED (ASX:ODA)
$4.1 million Major Works Contract
- Betta Group, Orcoda’s subsidiary, signs $4.1 million contract with Yurika.
- Works to be executed and completed in 2H FY23.
Orcoda Limited (ASX: ODA), the logistics optimisation and infrastructure services company, is pleased to announce that our Resource Logistics Division, through its wholly owned subsidiary The Betta Group, has signed a $4.1 million contract with Yurika to deliver civil works for the transmission line project at the Pembroke Olive Downs Complex. The $4.1 million of revenue is expected to be earned in 2H FY23.
Yurika is part of Energy Queensland — the largest, wholly government-owned electricity company in Australia. Yurika is building an electricity transmission line to the Olive Downs Complex, a large scale steelmaking coal mine located in the Bowen Basin of Queensland.
Geoff Jamieson, Orcoda Managing Director said: “We are looking forward to working with the team at Yurika on this project and cementing our relationship. Rae Jeffrey General Manager of The Betta Group has my full support in delivering on this project. This significant project win is a testament of Betta Group’s capabilities and reputation for executing large infrastructure projects.”