Kuala lumpur: Destini Bhd’s share price on Bursa Malaysia increased in the early session of trading, driven by a new contract secured from the Ministry of Transport (MOT). At 9.55 am, the counter gained 1.0 sen to 46.5 sen with 1.36 million shares traded.

According to BERNAMA News Agency, in a filing with Bursa Malaysia on Thursday, Destini announced its 70-per-cent-owned subsidiary M Rail Technics Sdn Bhd (Railtec) has been awarded a contract valued at RM71 million from MOT. The engineering solutions provider said the contract includes the maintenance, repair, and overhaul (MRO) Level 3 works for nine electric train sets class 93/2.

The 24-month contract, running from July 2025 to June 2027, will involve trainsets which are currently in service and have reached the 850,000-kilometre threshold for Level 3 servicing. The nine ETS 2 units secured under this contract are in addition to the 10 electric train sets (ETS 1) secured by Railtec for Level 4 MRO works in 2022, the filing said.