Mr. Chawalit Tanomtin, Chief Executive Officer of Right Tunnelling Public Company Limited (SET: RT), stated that the company’s performance in the latter half of the year is continuing to improve, with the company planning to deliver a massive project.
That project is the Sri Song Rak Floodgate project, located in Loei province. RT will soon complete five 15 x 13.2 meters floodgates projects, along with appurtenant structures and other components.
Furthermore, RT’s performance is also supported by its recognition of revenue that generated from its ongoing construction works, especially from Slope Protection work, a short period work with a swiftly delivery and recognition of revenue process.
RT is planning to participate in auctions for government and private sectors’ infrastructure and massive construction projects, with focus on comprehensive and diverse types of construction works, such as the construction of tunnels, double-track railway, and sewerage system.
There is also a plan to expand the scope of the company’s repairing work, especially the dam restoration work. This maintenance requires only a short period and likely to have a high demand in the future, making it a major opportunity for RT to increase its revenue constantly and diversify risks from large projects efficiently.
Mr. Chawalit stated that since the government approved the 2025’s national budget and is preparing to approve 2026’s budget, a new round of auctions for construction projects will be held in the second half of this year.
RT is ready for the work, utilizing its specialized professional, personnel, equipment, and standard machines. The company expects to bid for projects worth about THB 7.5 billion this year. Mr. Chawalit also added that on March 31, the company had a backlog worth about THB 5.1 billion.
RT’s overall performance this year is growing continually despite risks and pressures from multiple factors. Nonetheless, the company prioritizes internal development comprehensively, including the improving of the construction, the planning for material purchasing for effective cost management, and the project management to meet deadlines as scheduled.
The company is confident in its ability to reduce the effect caused by external factors and maintain its profit level above its previous figure.
