They had cost overruns/VO's and made a loss. They did a review to find out why. They found discrepancies involving a former employee, which have been fully accounted for in the books. There could be claims as they are still investigating and pursuing the matter. If anything, I think this is a positive...what more do you want...make a loss and just quietly accept it??
Guys any expert out there who can google out and search for links online related to their indian powerplant project, plse share the links here thanks.. i am also searching
If the answers are that Mudajaya has already dropped so much, it drops from RM5.00, time for a rebound, new shareholders have good foresight,, etc. if these are the answers, then my advice is DONT BUY.
Most of the cost overruns are refundable via contract terms and some of the losses will be written back. The powerplants should be firing by this year and MRT contracts out by 3rd q so worst is over!!! Wait!wait and wait! 2 yes to recover fully. Meanwhile could be a target for acquisition because of low price and e pertise
When the share price recovers it will recover fast. So buy now.almost at IPO price.they have net book value of 2.0 times.menara mudajya etc. So if u lost so much as I did you cannot make back in any either share as fast as I expect it to recover.it has dropped too low!
Write a comment..Need info on India uchpindar power plants? Go to google and key-in "RKM Poewrgen Private ltd - ICRA. ICRA is our equivalent to RAM. It gave a grading to the loan outstanding given to the joint venture and some update on this huge project. Also read an article that new indian government gave ok to power projecs including RKM/Mudajaya and is speeding up the process.
Cost of the guge project has gone up from 6654 crore to 8981 crore. Of course there is recourse in the contract and also the appreciated Indian Rupee. Major overruns will be claimed as per contracts signed with the Indian Athorities. My 5 cts worth!!!!
For recent wikipedia info on mudajaya project in India key in uchpindar power project.u can have an Ariel view of entire project And latest/old news on the project.
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valuelurker
1,133 posts
Posted by valuelurker > 2015-03-24 11:40 | Report Abuse
They had cost overruns/VO's and made a loss. They did a review to find out why. They found discrepancies involving a former employee, which have been fully accounted for in the books. There could be claims as they are still investigating and pursuing the matter. If anything, I think this is a positive...what more do you want...make a loss and just quietly accept it??