UGL Limited (formerly known as United Group), (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 throughout Australia, New Zealand, Asia, US and the UK.

Industrials stock UGL, today announced that it has successfully secured approximately $200 million in new contracts, while renewing several old contracts.

Managing Director and CEO, Richard Leupen said that strong momentum of contract wins is consistent with UGL’s strategy of maintaining and growing a stable base of recurring revenue.

Mr Leupen also added the business remains healthy and is well positioned to support the growth outlook within the business.

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UGL 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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