RT wins two Metropolitan Electricity Authority projects worth a combined 1,109.65 million baht

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Right Tunnelling Public Company Limited, or RT, has secured two projects from the Metropolitan Electricity Authority with a combined value of 1,109.65 million baht. The first is a project to convert overhead power lines to underground cables on Srinakarin Road, between Thepharak Road and Sukhumvit Road, with a project value of 1,090.50 million baht including value-added tax. The work will be carried out under the joint venture Eung Za Heng–Right Tunnelling, with the construction contract signed on 9 September 2026 and a work period of 1,080 days. The second project is a consultancy contract to assess damage and prepare improvement and repair designs for the 230 kV underground transmission cable tunnel between the Bang Kapi origin station and the Chit Lom origin station, with a project value of 19.15 million baht including value-added tax. The work will be carried out under the joint venture Right Tunnelling–Underground Consultant, with the contract signed on 28 August 2026 and a contract period of 360 days. Chief Executive Officer Chawalit Thanomthin said the company plans to continuously take on new work, with its backlog standing at 4,755 million baht as of 30 June, and it intends to expand into repair and maintenance, or O&M, work. This consultancy contract is an initial step toward preparing terms of reference for the next stage of repair and remediation work, presenting an opportunity to leverage its tunnel expertise into the O&M business to generate recurring income and support long-term revenue growth.

Impact on stocks 1

Industrials▲ · 1 stocks

Off-coverage companies 3

อันเดอะกราวด์ คอนซัลแตนท์Private▲ Positive
Demandrelevance

Underground Consultant is the JV partner on the 19.15 million baht consultancy contract for the 230 kV cable tunnel.

อึ้งแซเฮงPrivate▲ Positive
Demandrelevance

Eung Za Heng is the JV partner on the 1,090.50 million baht overhead-to-underground cable conversion project.

Metropolitan Electricity AuthorityPrivate± Mixed
relevance

The Metropolitan Electricity Authority is the client awarding the contracts, not an entity whose own value is judged here.

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