Bursa Community

Would you like to react to this message? Create an account in a few clicks or log in to continue.

MMC, Siemens consortium bags RM300m job

Bursa Community :: Community News

Page 1 of 1

MMC, Siemens consortium bags RM300m job

Post by Cals Wed 21 May 2014, 01:47

MMC, Siemens consortium bags RM300m job

Business & Markets 2014

Written by Adrian Wong of theedgemalaysia.com

Tuesday, 20 May 2014 10:42

KUALA LUMPUR: MMC Corp Bhd’s indirect unit MMC Engineering Services Sdn Bhd, along with its consortium partners, has bagged a RM300 million contract to undertake major civil and infrastructure facilities works for the Pengerang Co-generation Plant (PCP) at the refinery and petrochemical integrated development (Rapid) complex in Pengerang, Johor.

In a filing with Bursa Malaysia yesterday, MMC said MMC Engineering Services, Siemens Aktiengesellschaft and Siemens Malaysia Sdn Bhd had received a letter of award dated May 12 from Petroliam Nasional Bhd’s (Petronas) subsidiary Pengerang Power Sdn Bhd for the engineering, procurement, construction and commissioning contract of the PCP project, which is expected to be completed by mid-2017.

“MMC group does not foresee any exceptional risks from the Rapid project other than execution risks,” it said, adding that the project is expected to start contributing towards the group’s earnings and net assets from financial year ending Dec 31, 2014.

This article first appeared in The Edge Financial Daily, on May 20, 2014.

Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Similar topics

» Muhibbah bags RM300m Pengerang jobs
» Highlight SapuraKencana bags RM300m worth of contracts
» Siemens to bid for rail electrification projects in M'sia
» Siemens to setup plant if picked for MRT job
» MRT Corp unveils Siemens Inspiro train

Bursa Community :: Community News

Page 1 of 1

Permissions in this forum:

You cannot reply to topics in this forum

My Great Web page

Disclaimers and Important Announcement

Latest topics

» July 22-Companies in the news CIMB, Gromutual, Pantech, Scomi Engineering, Public Bank and Sime Darby
by Cals Fri 22 Jul 2016, 01:35

» Market Close KLCI down 12.07pts on 1MDB probe
by Cals Fri 22 Jul 2016, 01:34

» Gadang's 4Q net profit climbs 20% on better margins, higher revenue
by Cals Fri 22 Jul 2016, 01:34

» Yong Tai warrant holders approve Sino Haijing’s capital injection
by Cals Fri 22 Jul 2016, 01:33

» Stocks With Momentum TMC, Bursa, E&O, Asia Media, GSB, Marco, XOX
by Cals Fri 22 Jul 2016, 01:32

» Stock With Momentum: Pecca Group
by Cals Fri 22 Jul 2016, 01:32

» Market Open KLCI rattled by U.S. DoJ kleptocrasy case in 1MDB matter
by Cals Fri 22 Jul 2016, 01:31

» July 21- Companies in the news WZ Satu, UOA REIT, Barakah Offshore, Hua Yang, I-Bhd, PPB and Maxis
by Cals Thu 21 Jul 2016, 05:47

» KLCI falls as ringgit depreciates on US rate hike talk
by Cals Thu 21 Jul 2016, 05:47

» Credit access not the problem confronting homebuyers but affordability, says Bank Negara
by Cals Thu 21 Jul 2016, 05:46

» Borneo Oil, Pecca, K-Star, Tadmax, PMB Technology, Asia Media, Dutch Lady, Kerjaya Prospek
by Cals Thu 21 Jul 2016, 05:45

» Perodua Bezza drives Pecca to highest level since IPO
by Cals Thu 21 Jul 2016, 05:44

» Malaysia's June inflation at 1.6% on year
by Cals Thu 21 Jul 2016, 05:44

» Ge-Shen rises 2.92% in thin trade on expansion plan
by Cals Thu 21 Jul 2016, 05:43

» George Kent rises 3.98% on bonus issue plan
by Cals Thu 21 Jul 2016, 05:42

» July20-Companies in the news PPB, Ge-Shen, George Kent, Maxwell, PRG, TMC Life Sciences and D&O Green Tech
by Cals Wed 20 Jul 2016, 00:49

» Market Close KLCI flat, ringgit weakens as oil prices fall
by Cals Wed 20 Jul 2016, 00:48

» Ge-Shen buys warehouse from Tiong Nam for RM9.5m
by Cals Wed 20 Jul 2016, 00:47

» UMA Borneo Aqua gets UMA query on recent share price surge
by Cals Wed 20 Jul 2016, 00:46

» Highlight SC introduces new initiatives to improve unit trust industry
by Cals Wed 20 Jul 2016, 00:46

» German investor morale plummets as Brexit uncertainty bites
by Cals Wed 20 Jul 2016, 00:45

» Hot Stock BCorp active after launching Vietnam lottery ops
by Cals Wed 20 Jul 2016, 00:44

» Stocks With Momentum F&N, K-Star, Goodway, Opensys, GHL Systems, Tune Protect, Ann Joo, Menang, Prinsiptek
by Cals Wed 20 Jul 2016, 00:43

» Emerging Markets Emerging shares fall from highest since November as rally stalls
by Cals Wed 20 Jul 2016, 00:43

» Hot Stock Vivocom rises 3.92% after denying CEO is leaving
by Cals Wed 20 Jul 2016, 00:42

» Renewed buying interest emerged in GHL Systems, says AllianceDBS Research
by Cals Wed 20 Jul 2016, 00:42

» July 19- Companies in the news Ekovest, Wang-Zheng, Heineken, Vivocom, Microlink, Affin, Goodway and Sunway
by Cals Mon 18 Jul 2016, 23:10

» Highlight Malaysia has the capacity to absorb external shocks, says BNM governor
by Cals Mon 18 Jul 2016, 22:40

» Market Close KLCI up at 11th hour; Malaysia Airports falls after attempted Turkey coup
by Cals Mon 18 Jul 2016, 22:16

» Update Oil prices largely unchanged as market shrugs off Turkey coup bid
by Cals Mon 18 Jul 2016, 22:13