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BUSINESS

Destini bags RM163.61 mln MRO contract from Ministry of Transport

09/09/2022 08:41 PM

KUALA LUMPUR, Sept 9 (Bernama) -- Destini Bhd’s 70 per cent owned indirect subsidiary, M Rail Technics Sdn Bhd has accepted a contract worth RM163.61 million from the Ministry of Transport.

In a filing with Bursa Malaysia on Friday, Destini said the contract is for Level 4 maintenance, repair and overhaul (MRO) works on 10 electric train sets operated by Keretapi Tanah Melayu Bhd (KTMB) for three years.

“During the maintenance period, the ETS will be required to undergo Level 4 MRO to ensure its safety and reliability, which includes scheduled maintenance, repairs and spare parts replacement in accordance with the maintenance programme,” it said.

The heavy industry, defence and oil and gas company also said the contract is in addition to the contract M Rail accepted in May 2022 for Level 4 MRO on 35 electric train sets operated by KTMB worth RM531.39 million.

“Destini has been aggressively expanding and strengthening its rail business and is optimistic that its rail business will be able to provide stable returns in the future,” it said. 

-- BERNAMA


 


 


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