Sriracha Construction Public Company Limited (SRICHA) has revealed that it still has a backlog of approximately 3.9 billion baht from the Clean Fuel Project (CFP) of Thai Oil Public Company Limited. The CFP project, comprising the BF, HCU, and ERU units, 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 value to approximately 8.4 billion baht. The company has recognized revenue of about 4.5 billion baht up to the second quarter, and there is still an opportunity to secure additional work at the end of the original contract period, which is currently under negotiation with the owner and EPCM. Furthermore, the company continues to build a steady revenue base from the Ambatovy project in Madagascar, with total revenue of approximately 614 million baht over the past three years. It is also tracking new project opportunities both in Thailand, such as a petrochemical plant in Rayong province and power plants, and abroad, including LNG plants in Canada, Mozambique, and Papua New Guinea, as well as an alumina plant in Guinea. Meanwhile, it has begun to engage with businesses in the Middle East, including Bahrain, Saudi Arabia, and Qatar, particularly for rehabilitation projects and new energy, petrochemical, and industrial projects. However, these projects are still in the early stages and are not yet included in the backlog or revenue estimates.
Sriracha Construction Public Company LimitedSRICHA reports a 3.9 billion baht CFP backlog and is tracking new project opportunities in Thailand and abroad, indicating a solid order pipeline.
Thai Oil Public Company Limited