SRICHA Reports 3.9 Billion Baht CFP Backlog and Growth Strategy

MGR Online•Economy•19d ago

Reader Briefing

Sricha Construction Public Company Limited reports a 3.9 billion baht backlog for the Clean Fuel Project and is expanding into maintenance and international markets.

•Sricha Construction has a remaining backlog of approximately 3.9 billion baht from the Clean Fuel Project (CFP).
•The company is negotiating additional work valued at approximately 1.6 billion baht for the CFP project.
•Sricha Construction is pursuing new project opportunities in Thailand, Canada, Mozambique, Papua New Guinea, Guinea, and the Middle East.
•The company earned approximately 614 million baht from the Ambatovy project over the past 3 years.

Overview

•Sricha Construction reports a current backlog of approximately 3,900 million baht for the Clean Fuel Project (CFP).
•The original contract value for CFP sections BF, HCU, and ERU was approximately 7,800 million baht, with 600 million baht in additional contracted work.
•Sricha Construction recognized approximately 4,500 million baht in revenue from the CFP project up to the second quarter.
•Sricha Construction is negotiating additional work worth approximately 1,600 million baht with the Owner and EPCM for the CFP project.
•Sricha Construction is targeting recurring revenue through maintenance, operation support, and mechanical task force work, as demonstrated by the Ambatovy project in Madagascar.
•Sricha Construction is tracking new opportunities in Thailand including petrochemical plants in Rayong and several power plants.
•Sricha Construction has initiated business contacts in Bahrain, Saudi Arabia, and Qatar, though these are in preliminary stages pending regional stability.
•Chatmongkol Khemaphirat stated that the company will prioritize revenue quality, returns, and risk management to reduce reliance on single mega projects.

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Key Quotes

Chatmongkol Khemaphirat

"CFP is an important project for SRICHA, but it is not the end of growth; the company is preparing to enter the next business cycle."

CFP เป็นโครงการสำคัญของ SRICHA แต่ไม่ใช่จุดสิ้นสุดของการเติบโต บริษัทฯ กำลังเตรียมเข้าสู่รอบธุรกิจถัดไป

Key Entities

Organization

Sricha Construction Public Company Limited(บริษัท ศรีราชาคอนสตรัคชั่น จำกัด (มหาชน))

A construction company specializing in mechanical, piping, petrochemical, and power plant work.

SRICHA

The abbreviated name of Sricha Construction Public Company Limited.

Thai Oil Public Company Limited(บริษัท ไทยออยล์ จำกัด (มหาชน))

The owner of the Clean Fuel Project (CFP).

Person

Chatmongkol Khemaphirat(ฉัตรมงคล เขมาภิรัตน์)

Chief Executive Officer of Sricha Construction Public Company Limited.

Place

Madagascar(ประเทศมาดากัสการ์)ℹ️

The location of the Ambatovy project.

Rayong(จังหวัดระยอง)ℹ️

A province in Thailand where Sricha Construction is tracking petrochemical plant opportunities.

Canada(แคนาดา)ℹ️

A country where Sricha Construction is tracking LNG plant opportunities.

Mozambique(โมซัมบิก)ℹ️

A country where Sricha Construction is tracking LNG plant opportunities.

Papua New Guinea(ปาปัวนิวกินี)ℹ️

A country where Sricha Construction is tracking LNG plant opportunities.

Guinea(กินี)ℹ️

A country where Sricha Construction is tracking alumina plant opportunities.

Bahrain(บาห์เรน)ℹ️

A Middle Eastern country where Sricha Construction is discussing business opportunities.

Saudi Arabia(ซาอุดีอาระเบีย)ℹ️

A Middle Eastern country where Sricha Construction is discussing business opportunities.

Qatar(กาตาร์)ℹ️

A Middle Eastern country where Sricha Construction is discussing business opportunities.