Sriracha Construction Public Company Limited, or SRICHA, has disclosed that it still has a backlog of approximately 3.9 billion baht from the Clean Fuel Project (CFP) of Thai Oil Public Company Limited, and expects to close the CFP with a total value exceeding 10 billion baht. The CFP project, comprising the BF, HCU, and ERU sections, has an original contract value of approximately 7.8 billion baht, with additional contracted work of about 600 million baht, bringing the total current contract framework value to approximately 8.4 billion baht. The company has recognized revenue of about 4.5 billion baht up to the second quarter. Mr. Chatmongkol Khemapirat, Chief Executive Officer, stated that the company still has opportunities to secure additional work at the tail end of the original contract framework, which is currently under negotiation with the owner and EPCM. The company is also moving forward with building recurring revenue from the Ambatovy project and monitoring new project opportunities both in Thailand, abroad, and in the Middle East to drive growth in the next business cycle.
Sriracha Construction Public Company LimitedSRICHA holds a 3.9B baht CFP backlog and is negotiating additional tail-end work plus new projects in Thailand, abroad, and the Middle East.
Thai Oil Public Company LimitedThai Oil is only referenced as the owner of the CFP project; no new development about Thai Oil itself is reported.
