IND Books THB2.3 Billion of Backlog to Recognize until 2025, Expecting to See 25% Growth in 2022

Mr. Rathawit Na Lamphun, Director of Index International Group Public Company Limited (mai: IND) announced that the company has signed the contract for the Engineering consulting service for Feasibility Study of Economic, Engineering and Environmental Impact for the Route Development Connecting between Thailand – Malaysia, Satun-Perlis line, with the Department of Highways.

The contract value estimated is 49,819,200 baht (including VAT), with a period of approximately 540 days. The contract was signed on December 14, 2022.

After the announcement of the deal in December, the company has a backlog that increased to THB 2,371.57 million, which will be gradually recognized as revenue by 2022 – 2025. The director said that he is confident that this will support the company’s performance in 2022 to increase according to the company’s targets of not lower than 20-25%.