AF Gruppen ASA ( (AGRUF) ) just unveiled an update.
Hydro Energi AS has selected AF Gruppen to construct the Valldalen dam and flood diversion project, valued at NOK 200 million. This project aims to upgrade the dam to address climate change and increased flooding, enhancing the infrastructure supporting the Røldal power plant. The construction will involve demolishing the existing spillway and building a new concrete dam, expanding the floodwater side channel, and establishing a new flood tunnel. The work is set to begin in April 2025 and finish by June 2026, reflecting AF Gruppen’s strategic alignment with its expertise in civil engineering projects.
More about AF Gruppen ASA
AF Gruppen ASA is a leading construction and engineering company specializing in civil engineering, building, property, and energy sectors. The company has expertise in tunnels, concrete, and hydropower, allowing it to undertake large-scale infrastructure projects.
YTD Price Performance: 48.19%
Average Trading Volume: 858
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.59B
See more data about AGRUF stock on TipRanks’ Stock Analysis page.