KUALA LUMPUR (Aug 2): Mudajaya Group Bhd has secured a contract worth RM195.1 million for works related to the East Coast Rail Link (ECRL) in Terengganu from the development's main contractor, China Communications Construction (ECRL) Sdn Bhd.

In a bourse filing on Wednesday (Aug 2), Mudajaya said its wholly owned Mudajaya Corp Bhd had accepted the letter of award on Aug 1, 2023, to undertake the construction and completion of stations, ancillary buildings and other associated works for the rail project.

The project is targeted to be completed by 2026, with a construction period of 32 months from the date of site possession.

Mudajaya shares closed unchanged at 18.5 sen on Wednesday, valuing the group at RM347 million.