KUALA LUMPUR (Dec 1): Muhibbah Engineering (M) Bhd has bagged a RM300 million engineering, procurement, construction and commissioning (EPCC) contract to construct two temporary construction facilities in Pengerang, Johor.  

In a filing with Bursa Malaysia today, the oil and gas services provider said Petronas Refinery and Petrochemical Corp Sdn Bhd, a subsidiary of Petroliam Nasional Bhd (Petronas), has awarded the package 20A-3 of the Refinery and Petrochemicals Integrated Development (Rapid) project to the group on Nov 25, but was only acknowledged by the group yesterday (Nov 30).  

The EPCC job was for the Petronas Rapid Temporary Village (RTEV) and Petronas Rapid Temporary Management Office, within the RAPID project.  

“The construction is scheduled to commence immediately and is expected to be completed by end November 2016," Muhibbah said.  

It expects the winning to contribute positively to its earnings and net assets for the current and future financial years.

Muhibbah's share price dropped one sen or 0.45% to close at RM2.22 today, for a market capitalisation of RM1.04 billion.

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