Muhibbah Engineering Bags MYR120 Million Penang LRT Project; Shares Gain 3%

MT Newswires Live

04/15

Muhibbah Engineering (M) (KLSE:MUHIBAH) bagged a contract worth about 120 million ringgit for works on the Penang Light Rail Transit (LRT) Mutiara Line project, according to a Tuesday Malaysian bourse filing.

Shares rose 3% in Wednesday's midday trade.

The deal, awarded by Gamuda Industrial Building System, covers the design, supply, installation, testing and commissioning of noise barriers and enclosures. Deal works are set to begin in April 2026 and run through the third quarter of 2030.

The company said the contract is expected to contribute positively to earnings.

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