Sriracha Construction Public Company Limited, or SRICHA, has revealed that the company still has work from the Clean Fuel Project (CFP) of Thai Oil Public Company Limited, with a remaining value to be recognized as revenue, or backlog, of approximately 3.9 billion baht. It is also preparing to extend into work during the Completion, Commissioning, Maintenance, and Task Force phases, while continuing to pursue opportunities for new projects both in Thailand and abroad. For the CFP project, the BF, HCU, and ERU portions have an original contract value of approximately 7.8 billion baht, with additional work already contracted at about 600 million baht, totaling approximately 8.4 billion baht under the current contract framework. The company has recognized revenue up to the second quarter of 2026 of approximately 4.5 billion baht. Meanwhile, SRICHA continues to build recurring revenue from the Ambatovy project in Madagascar, with total revenue over the past three years of approximately 614 million baht. It is also in discussions for new work opportunities in Thailand, such as a petrochemical plant in Rayong Province and power plants, as well as projects abroad, including LNG plants in Canada, Mozambique, and Papua New Guinea, and an alumina plant in Guinea. In the Middle East market, the company has begun business contacts in Bahrain, Saudi Arabia, and Qatar, particularly for rehabilitation projects and new energy projects, but these are still in the early stages and are not yet included in the backlog or revenue estimates. Mr. Chatmongkol Khemapirat, Chief Executive Officer, stated that CFP is an important project but not the end of growth, and the company will focus on the quality of revenue, returns, and risk management as its main priorities.
Sriracha Construction Public Company LimitedSRICHA reports a 3.9 billion baht CFP backlog and is pursuing new project opportunities in Thailand and abroad, indicating a healthy pipeline of work.
Thai Oil Public Company Limited