|
Galliford Try Holdings PLC on Thursday said it has secured a five-year £9 billion contract with National Grid. The Uxbridge, England-based construction firm called its selection by the UK’s public electricity provider ‘a further step into the energy market’. Back in 2020, the firm sold its £1 billion house-building business to Bovis Homes, which formed Vistry Group PLC. Galliford Try has since shifted its focus to infrastructure and energy projects, and operates as Galliford Try and Morrison Construction. The new contract is for a place on Lot 1 of the National Grid’s major works & civils framework. Galliford Try will design and build electricity converter stations alongside RPS Group. The scheme’s overall value is forecast as £9 billion. It is part of National Grid’s wider set of high-voltage current direct frameworks worth £59 billion. Chief Executive Bill Hocking said: ‘Continuing to grow our core Infrastructure business is a key part of our sustainable growth strategy, and this appointment will see us deliver further civil engineering and construction solutions for the energy sector. We look forward to working with National Grid to play our part in modernising and decarbonising the energy system.’ Galliford Try shares traded 1.2% higher at 433.50 pence on Thursday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
