Blue Chip Shares News UGL Limited (UGL)

Blue Chip Shares News UGL Limited (UGL)|ASX UGL StocksUGL Limited (ASX:UGL) is an engineering and services company providing industrial maintenance, manufacturing, engineering, transport facilities management and corporate real estate services to blue chip companies and governments across the world.

The company has grown aggressively over the past decade via acquisitions and expansion in the engineering and industrial services sectors.

Owing to its diversification into the rail, infrastructure, resources and services sectors, UGL has continued to win major projects across the board.

Contracts picking up

UGL has agreed to new works and contract extensions worth a combined $400 million.

The company’s contracts include new long term maintenance agreements with heavyweights such as BHP Billiton (ASX:BHP) and Coal Allied (ASX:CNA).

Similar contracts have also been concluded for alumina and fuel refineries.

UGL said it continues to experience positive trading conditions across its resources business.

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