Mudajaya: Construction firm Mudajaya Group Bhd's outlook may be perking up with worries over fuel supply in Indiato recede with the impending signing of a fuel supply agreement (FSA) and the award of Mass Rapid Transit (MRT) projects. The company might also be a key beneficiary in other developments given its track record in highway and power plant projects. On the much delayed FSA, newsflow appears to signal that a new coal-supply structure could be firmed up after Coal India's board meeting at end-October with November 2012 being the next timeline for the potential signing of the FSA between incoming power producers and Coal India. Mudajaya was forming a consortium with an international player to participate in the prequalification of a 1,300MW gas-fired co-generation power plant for Petronas' Rapid project in Pengerang.
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