Destined for bigger things
Destini secures maiden rail job and aims to be a billion-dollar company
atuk Rozabil Abdul Rahman, the major shareholder and head honcho of Destini Bhd, has been keeping a hectic schedule and travelling quite a bit of late.
But this is nothing unusual for the 44-year-old, who wants to build the company into a billion-dollar one and increase its reach.
This week was especially a meaningful one.
The engineering specialist company that caters to the aviation, marine, and oil and gas (O&G) sectors clinched its maiden rail job worth RM62mil, marking its diversification into a sector that is a key focus of the Government’s transportation policy.
The contract from the Transport Ministry is for the design, manufacture, supply, delivery, testing and commissioning of new motor trolley and road rail vehicles for national railway operator, Keretapi Tanah Melayu Bhd.
The contract is expected to last for two years till July 2018.
The fast pace does not seem to have weighed down on him either.
“We want to be a billion-dollar company and we believe that we can achieve it in the near future, hopefully in three years.
“Our dream is to be known as a homegrown multinational.
“There are still a lot of opportunities out there and we don’t want to be late in seizing them ... sometimes I think that 24 hours in a day is not enough for us,” quips the affable group managing director.
The stock’s market capitalisation stood at RM552mil based on the price of 56 sen a share at last look.
With the latest award, the group’s order book now stands at RM730mil, while it has tendered for over RM1bil worth of jobs, including those in the rail sector.