It has stated neither the company nor its 26%-owned RKM Powergen Private Ltd are under investigation by the Indian authorities over its coal-fired power plant project in Chhattisgarh. It had rebutted that Mudajaya was under probe over its Indian coal plant.
Mudajaya said RKMP had on Sept 9 2013 notified the company that RKMP had signed a coal supply agreement with South Eastern Coalfields Ltd – a unit of Coal India Ltd. The agreement was for the supply of coal for Phase I of the 4x360MW coal-fired thermal power plant at Ucchpinda, Chhattisgarh, India which consists of 1x360MW installed capacity of the power station.
On Oct 2 2013, RKMP had informed it that it had signed coal supply agreements with South Eastern Coalfields Ltd for the supply of coal for Phase II of the 4x360MW coal-fired thermal power plant which consists of 3x360MW installed capacity of the power station.
Mudajaya had reiterate that with the successful signing of these Coal Supply Agreements for the total contracted quantity of coal of 6,240,857 tonnes per year, RKMP has secured full coal requirement for the operation of its 4x360MW coal-fired thermal power plant at Ucchpinda, Chhattisgarh, India.
After the result, I look forwards the price to drop to ard RM 2.50-RM 2.60! Johnny, kindly refer to the past years to have some hints on the date of the announcement.
borrow money now is precise choice.... inflation is estimated to significant increase after implementation of GST and price hike in petrol and electricity etc.... these result in real interest pay is actually lower....
Valuation and recommendation Maintain TRADING BUY with unchanged TP of RM3.37 which is still based on a 10% discount to sum of parts (SOP) valuation. This implies P/E of 9.3x and 8.3x for FY13-14. The next re-rating catalyst for Mudajaya is the commercial operation of Unit 1 of its Chhattisgarh IPP early next year. 3QFY13 results is scheduled for release on 27 Nov.
TAKEN FROM ALLIANCE ANALYST REPORT--- LOOKS LIKE operation of unit 1,,ipp is early next year
if you compare the 3rd quarter 2013 with 3rd quarter 2012, I think the result will be relatively bad. If compare to 2nd quarter 2013, it could be better.
hmm.. Talking about the 3rd interim dividend.. i haven't even received the 2nd interim dividend yet, supposed to be paid on 22 November.. anyone else has the same problem ? I'm using RHBinvest..
Feel disappointed as said by latest Public Bank's research , the whole year 2013, Mudajya never secure any job locally although Public Bank's research factor in RM500 million job secured in 2013, only saying how potential it is to secure the job. The only hope is on next year...
now the question ask why government is not giving local projects to mudajaya?? is this the reason why the old CEO,, retired from this company after the poison pen case
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yapyeeyoong
4 posts
Posted by yapyeeyoong > 2013-11-04 14:54 | Report Abuse
It has stated neither the company nor its 26%-owned RKM Powergen Private Ltd are under investigation by the Indian authorities over its coal-fired power plant project in Chhattisgarh. It had rebutted that Mudajaya was under probe over its Indian coal plant.
Mudajaya said RKMP had on Sept 9 2013 notified the company that RKMP had signed a coal supply agreement with South Eastern Coalfields Ltd – a unit of Coal India Ltd. The agreement was for the supply of coal for Phase I of the 4x360MW coal-fired thermal power plant at Ucchpinda, Chhattisgarh, India which consists of 1x360MW installed capacity of the power station.
On Oct 2 2013, RKMP had informed it that it had signed coal supply agreements with South Eastern Coalfields Ltd for the supply of coal for Phase II of the 4x360MW coal-fired thermal power plant which consists of 3x360MW installed capacity of the power station.
Mudajaya had reiterate that with the successful signing of these Coal Supply Agreements for the total contracted quantity of coal of 6,240,857 tonnes per year, RKMP has secured full coal requirement for the operation of its 4x360MW coal-fired thermal power plant at Ucchpinda, Chhattisgarh, India.