JR Expects Outstanding Performance throughout 2023 with a Backlog of ฿6.4Bn

Mr. Jarun Wiwatjesadawut, Chief Executive Officer of J.R.W. Utility Public Company Limited (JR), stated that the outlook of the company is looking good in the 4Q20 and expecting to continue further after acquiring an additional four projects worth 230 million baht.

 

The four new projects include the installation of 15KV GIS Substation Work for Mochit Complex worth 163 million baht and the other three projects worth 74.63 million baht.

The aforementioned acquisitions boosted JR’s backlog to over 6,400 million baht that are expected to be recognized throughout 2021-2023. Mr. Wiwatjesadawut added that the listing in the Thai stock market puts the company in a strong position to be able to acquire more projects with constant growth.

The company expected to join the bidding for phase two of MRT Yellow and Pink Lines with a contract value of around 6,000 million baht. The possibility for JR to win the bidding is high as the company has been awarded as the winner for the first phase project. Meanwhile, the bidding for MRT Orange Line is also an opportunity for JR to join for future growth.