(Reuters) -Construction engineering firm Costain said on Monday that it has been selected as a contractor by a nuclear decommissioning firm, and that the British company’s share of the order is valued at up to 1 billion pounds ($1.33 billion).
Costain’s shares jumped 8% in early trading.
The partnership with Sellafield Ltd involves a nine-year contract that may be extended for another six years, and is for Costain to refurbish and replace utility distribution systems to support Sellafield’s nuclear decommissioning program.
Morgan Sindall Infrastructure and HOCHTIEF (UK) Construction are the other two companies involved in the Sellafield contract, which overall is worth up to 2.9 billion pounds.
($1 = 0.7495 pounds)
(Reporting by Nithyashree R B and Pushkala Aripaka in Bengaluru; Editing by Eileen Soreng)
