KUALA LUMPUR (Oct 5): Mudajaya Group Bhd has been awarded a RM43.89 million contract from Siemens Malaysia Sdn Bhd for additional scope of works in relation to the main civil works at the Pengerang Cogen Power Plant in Johor.

In its filing to Bursa Malaysia today, Mudajaya Group said the job was awarded to its wholly-owned unit Mudajaya Corp Bhd.

This adjustment has brought its original contract price for the same project from RM55.5 million to RM99.37 million.

The project is targeted to be fully completed by July 30, 2017, with a construction period of 23 months.

Mudajaya Corp had on Nov 1 last year signed the original contract with Siemens Malaysia to handle the project. At the time of the announcement, Mudajaya Group had said the main civil works (without optional works) were expected to be completed by Feb 5, 2016.

Mudajaya Group closed 0.5 sen lower at 99.5 sen today for a market capitalisation of RM535.7 million. Year-to-date, the stock has lost about 31.4%.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)