Sriracha Construction wins bid for Shutdown Tie-In

Construction News

Sriracha Construction wins bid for Shutdown Tie-In

26 March 2019

Sriracha Construction Plc has won the Bt100-million contract to build Shutdown Tie-in Work 2019 from Thai Oil Plc, the company’s deputy managing director Krisada Potisomporn said yesterday.

He added Sriracha’s backlog worth Bt600 million will be booked as revenue this year, as it plans to bid for couple more projects worth more than Bt3 billion this year.

“We will bid for the construction of a petrochemical plant in Thailand worth up to Bt2 billion, as well as a foreign project worth Bt1 billion,” he said, adding that this will drive the company’s business growth compared to last year.

At the end of 2018, the company recorded a total revenue of Bt819.58 million and net loss of Bt99.15 million.