Scomi Engineering expects to submit its bid for a RM5bn monorail project
in Chennai, the capital city of Tamil Nadu by mid-2013. "We are
preparing the tender documents for the project. We hope to submit the
bid by March or June," said its president (rail) Suhaimi Yaacob. If the
group gets the job, it would be its second major monorail project in
India. In November 2008, Scomi and consortium partner Larsen
& Toubro secured a RM1.8bn monorail project in the financial
district of Mumbai.
(BT)
Smartbiz: SCOMI staged a rebound in last session but closed off high due to the weak market. Based on charts, Scomi has found its support at 0.38 and all indicators indicating the consolidation is near to completion. The upside resistances are: 0.405, 0.415, o.43 and 0.445... . This report is considered as neutral at the moment but the board tussle might steer up some ripples soon.
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