The NRW Holdings Ltd (ASX: NWH) share price is powering higher on Tuesday after the company revealed a series of significant contract wins.
At the time of writing, the NRW share price is up 4.64% to $5.41. That adds to a strong run for the stock, which has climbed around 60% over the past 12 months.
Let’s unpack what was in today’s update.
A major win at Rio Tinto’s West Angelas
The largest contract announced is a bulk earthworks award from Rio Tinto for its West Angelas Sustaining Project (WASP), Deposit H.
NRW will deliver bulk earthworks to support access to five new satellite pits, along with haul roads, concrete overpass arch construction, and associated infrastructure. The contract is valued at around $175 million, with a peak workforce of around 220 personnel.
Works are expected to commence in early 2026 and run through to completion in 2027. Importantly, the award builds on NRW’s long standing relationship with Rio Tinto at West Angelas, one of Western Australia’s key iron ore hubs.
Roads and infrastructure add further momentum
The company also secured a second contract through its wholly owned subsidiary, NRW Contracting Pty Ltd.
Main Roads Western Australia has awarded the group the reconstruction and realignment of Toodyay Road between Dryandra and Toodyay. The initial scope covers Separable Portions 1 and 2 and is valued at $46 million.
The project aims to improve safety and traffic flow through road geometry upgrades, overtaking lanes, and intersection improvements.
Construction and procurement are expected to begin in early 2026, subject to contract execution.
Dampier Link Bridge rounds out the update
In a further contract win, NRW Contracting, in a 50/50 joint venture with Braidwood Marine and Civil, has been awarded Stage 2 of the Dampier Cargo Project by Pilbara Ports.
This package covers the design and construction of the Dampier Link Bridge, creating a continuous wharf connection between the refurbished Dampier Cargo Wharf and the new Dampier Bulk Handling Facility. The value of NRW’s share of the joint venture work is approximately $49 million, with a project duration of about 12 months.
Management noted there is no material capital outlay required for any of the announced contracts.
Foolish takeaway
NRW continues to execute across multiple fronts, with more than $220 million in new work secured and minimal capital requirements supporting the stock’s strong performance over the past year.
The latest contracts highlight NRW’s diversified exposure across mining, transport, and civil infrastructure. A growing contract book improves earnings visibility into 2026 and beyond, while long standing relationships with tier one clients continue to generate repeat work.
The post Why this ASX 200 stock is rising after landing major new contracts appeared first on The Motley Fool Australia.
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.