JR Hey! Go ahead and change the electrical wiring system in 2 major projects worth 6.9 billion baht – Miti Stock | Clearly points out every investment

Mitistock – Mr. Charan Wiwatjesadawut Chief Executive Officer of J.R.W. Company Utilities Public Company Limited or JR Revealed that he 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 of 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 Yellow Line Phase 2 (Lam Sali Intersection – Theparak Road) worth 3,087,949,000 baht (not including VAT). Work will begin according to the contract on October 4, 2023, with a time period for completion within 1,260 days from the date of signing the contract. and 2 year warranty

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. 2 (Khlong Thanon-Ramkhamhaeng Road section) valued at 3,906,133,600 baht (not including VAT). Work will begin according to the contract on October 25, 2023, with a time period for completion within 1,260 days from the date of signing the contract. and 2 year warranty

“The construction work for the two projects to change the aerial electrical cable system to underground electrical cables is a large project with a high value of nearly 7,000 million baht, while Backlog end Q/3 at 9,963 Million baht Income will gradually be 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, the business overview in 2023 of JR There is 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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