JR Hey! Go ahead and change the electrical wiring system in 2 major projects worth 6.9 billion baht – Miti Hoon

2023-11-21 04:41:37

Mitistock – Mr. Charan Wiwatjesadawut Chief Executive Officer of J.R.W. Company Utility Public Company Limited or JR has revealed that it has received notification of the start date of construction work on the project to change the aerial electrical cable system to underground electrical cables from Sino-Thai Engineering and Construction Public Company Limited. ) or STEC, which is the employer, 2 projects, total value 6,994,082,600 baht (not including VAT)

Consisting of 1. Construction work for the project to change the aerial electrical cable system to underground electrical cables. Project along the MRT Yellow Line, Phase 2 (Lam Sali Intersection – Thepharak Road), valued at 3,087,949,000 baht (not including VAT), with work starting according to the contract on October 4, 2023, with a time period to complete within 1,260 days. Counted from the date of signing the contract and guaranteed for 2 years.

2. Construction of the project to change the aerial electrical cable system to underground electrical cables along the project line along the Pink Line, Phase 2 (Khlong Thanon – Ramkhamhaeng Road), valued at 3,906,133,600 baht (not including VAT), with work starting according to the contract on the 25th. October 2023, with a completion time of 1,260 days from the date of signing the contract and a 2-year guarantee.

“The construction work for the two projects to change the aerial electrical line system to underground electrical lines is a large project with a high value of nearly 7,000 million baht, while the backlog at the end of Q/3 is at 9,963 million baht. Revenue will be gradually recognized in 3-5 years and The company continues to bid for new jobs, including electrical system installation work. and oil and gas work To create strong income growth in the long term and create stability and good returns for shareholders,” Mr. Charan said.

However, JR’s business outlook in 2023 has a good growth trend. By clarifying the investment of the public and private sectors As a result, the company There is an opportunity to receive new and larger jobs. and estimates that this situation will continue to improve until 2024.

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