Sriracha Construction Public Company Limited

The Energy Ministry is accelerating a proposal to the prime minister to unlock diesel exports after domestic stockpiles surged to 70-80% amid sluggish rainy-season demand, forcing refineries to cut production. The market views the move as slightly positive; if approved by early September it would come sooner than the previously expected fourth quarter of 2026 and would support refinery utilisation rates, adding roughly 0.5-1% to 2026 profits. Meanwhile, the MRT Blue Line has resumed full service at all stations from 5:30 a.m. after a short circuit in a 750-volt direct-current cable set damaged the power supply and signalling systems between Bang O and Kamphaeng Phet stations. Bangkok Expressway and Metro, or BEM, mobilised engineers for a full 12 hours of repairs and sent inspection cars along the tracks to test confidence. Separately, Chatchamongkhon Khemapirat, chief executive of Sriracha Construction Public Company Limited, or SRICHA, announced readiness for the second half of 2026 and into 2027, with a backlog from Thai Oil's Clean Fuel Project, or CFP, worth about 3.9 billion baht, and is pressing ahead to find new projects including LNG plants in Canada, Mozambique and Papua New Guinea, and markets in the Middle East such as Bahrain and Saudi Arabia. Deputy Prime Minister and Transport Minister Phiphat Ratchakitprakarn unveiled a contingency plan for the Airport Rail Link operating contract due to expire at the end of September, preparing to negotiate a one-to-three-month extension, or if the private operator confirms handover on schedule, to let the State Railway of Thailand run the service itself, pending a conclusion from the SRT board. Siam Asset Public Company Limited, or SA, plans to offer three tranches of bonds with maturities of two years and one month to three years and three months, at fixed coupons of 7.15-7.45% per year, paying interest every three months, with subscriptions open on 25 and 28-29 September, to use the proceeds to repay existing bonds maturing in November 2026; the issue carries a TRIS Rating credit rating of BB.

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 Limited, or SRICHA, has disclosed that it still has a backlog of approximately 3.9 billion baht from the Clean Fuel Project (CFP) of Thai Oil Public Company Limited, and expects to close the CFP with a total value exceeding 10 billion baht. The CFP project, comprising the BF, HCU, and ERU sections, 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 framework value to approximately 8.4 billion baht. The company has recognized revenue of about 4.5 billion baht up to the second quarter. Mr. Chatmongkol Khemapirat, Chief Executive Officer, stated that the company still has opportunities to secure additional work at the tail end of the original contract framework, which is currently under negotiation with the owner and EPCM. The company is also moving forward with building recurring revenue from the Ambatovy project and monitoring new project opportunities both in Thailand, abroad, and in the Middle East to drive growth in the next business cycle.

Sriracha Construction (SRICHA) disclosed a backlog of 3,900 million baht from Thai Oil's Clean Fuel Project (CFP). The project has an original contract value of 7,800 million baht, plus additional work of 600 million baht, totaling 8,400 million baht. Revenue recognized up to the second quarter amounts to 4,500 million baht, with potential for additional work at the end of the contract. Meanwhile, the company is extending the Ambatovy project in Madagascar into maintenance and operational support, generating recurring income. Over the past three years, revenue from this project totaled 614 million baht, and the company sees recurring income playing a larger role in its strategy. Additionally, it is tracking new opportunities both domestically and internationally, such as petrochemical plants in Rayong, power plants, LNG plants in Canada, Mozambique, and Papua New Guinea, as well as an alumina plant in Guinea. It has also begun business negotiations in the Middle East, particularly Bahrain, Saudi Arabia, and Qatar, but these are not yet included in the backlog or revenue estimates, pending investment clarity after the resolution of conflicts.

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 Limited, or SRICHA, has disclosed that it still has ongoing construction work from the Clean Fuel Project (CFP) of Thai Oil, including both original contract work and additional work, with a remaining backlog of approximately 3.9 billion baht for the CFP project. At the same time, the company is preparing to extend into work during the Completion, Commissioning, Maintenance, and Task Force phases, while continuously pursuing 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 contracted work of about 600 million baht, totaling approximately 8.4 billion baht under the current contract framework. The company has recognized revenue of about 4.5 billion baht up to the recent second quarter. For the Ambatovy project in Madagascar, the company has generated total revenue of approximately 614 million baht over the past three years and views the recurring revenue business model as playing a greater role in its future strategy. Meanwhile, SRICHA is in discussions and tracking opportunities for several new projects in Thailand, such as a petrochemical plant project in Rayong Province and certain power plant projects, as well as international projects such as LNG plants in Canada, Mozambique, and Papua New Guinea, and an alumina plant in Guinea. It has also begun contacting businesses in the Middle East, particularly Bahrain, Saudi Arabia, and Qatar. However, these projects are still in the preliminary stage and are not yet included in the company's backlog or revenue estimates.

STARPRINT continues its success by winning the Design Excellence Award (DEmark 2026) for its innovative packaging work "Monster Bomb" in the packaging category, reflecting its potential to develop packaging innovations for sustainable growth and enhanced competitiveness. Meanwhile, SSP has fully cashed in after closing the sale of the Yamaga power plant in Japan, with an installed capacity of 34.5 megawatts, immediately booking a special gain in Q3/2026. It is also moving forward with expanding new renewable power projects both domestically and internationally, totaling about 420 megawatts, backed by a strong capital base and robust cash flow. As for SRICHA, it is confident that in the second half of 2026 through 2027, there will still be work from Thai Oil's Clean Fuel Project (CFP), including both existing contracts and additional work. Currently, the remaining backlog for the CFP project is approximately 3.9 billion baht, while it continues to monitor new project opportunities both in Thailand and abroad.

Sriracha Construction Public Company Limited (SRICHA) has announced that it received an additional contract for the Clean Fuel Project (CFP) of Thai Oil Public Company Limited (TOP), valued at approximately 600 million baht. This brings the total value of this project to 8.4 billion baht, up from the 7.8 billion baht originally contracted in mid-2025. The company is currently negotiating additional work worth approximately 1.6 billion baht, which, if successful, would push the total project value beyond 10 billion baht. Mr. Chatmongkol Khemapirat, Managing Director, stated that the company has the capability to construct faster than planned and expects additional work during the later stages of the project, as well as maintenance and repair work. Currently, the company has recognized revenue from CFP of approximately 4.5 billion baht and has a backlog of 3.9 billion baht to be recognized. In the second quarter of 2026, the company reported a net profit of 387 million baht, an increase of 11,054.73%, from total revenue of 1.405 billion baht. It also has recurring revenue from the Ambatovy project in Madagascar averaging 205 million baht per year. Meanwhile, the company is tracking new opportunities both domestically and internationally, including projects in the Middle East such as Bahrain, Saudi Arabia, and Qatar, following the easing of conflict situations.