Epiroc AB Secures Significant Contracts
Epiroc AB, a Swedish company specializing in equipment and services for mining and infrastructure projects, has secured two significant contracts. The company has won its largest contract ever for autonomous and electric-powered mining equipment, with no further details provided.
Contract Details
- The contract is the largest in Epiroc’s history
- The contract is for autonomous and electric-powered mining equipment
Additionally, Epiroc has received a large order from Hindustan Zinc in India worth approximately 280 million kronor.
Impact on Performance
These developments are expected to have a positive impact on the company’s performance.
Analyst Price Targets
Some analysts have adjusted their price targets for Epiroc, with Redburn lowering its target price to 200 kronor.
Stock Price Fluctuations
The company’s stock price has been affected by recent fluctuations, with some reports suggesting a potential recovery following a significant decline.