Galliford Try wins £65m contract with TFK Group

Galliford Try said on Wednesday that JDR Cable Systems, part of the TFK Group, had appointed its building business to construct its new manufacturing facility.

The London-listed company stated the 69,000 square metre factory was being created to produce undersea cabling that connects off-shore electricity production to the mainland network.

Chief executive Bill Hocking said: "We are delighted to be part of this fantastic project, which adds to our excellent portfolio of work in the North East, and also helps the UK towards energy security and its net zero carbon targets.

"We look forward to working with JDR to provide them with a first-class facility that assists them in achieving their ambitions."

As of 0955 BST, Galliford Try shares were up 0.048% at 166.68p.

Reporting by Iain Gilbert at Sharecast.com