“Gunkul Engineering” reveals the joint venture “GPD & TECL” wins a big project for the construction of power stations and underground cable construction 3 projects in a row with a total value of 840.50 million baht. Construction contracts and engineering systems (EPC) in hand hit 7,500 million baht. The executives signaled to keep an eye on the good performance in Q4, both revenue and profit from EPC work and strengthening energy business.
Dr. Somboon Eua-atchasai Chief Executive Officer of Gunkul Engineering Public Company Limited (GUNKUL) revealed that the Provincial Electricity Authority (PEA) has signed a letter confirming the joint venture GPD & TECL Co., Ltd. is a project operator for the construction of the Southern Rangsit 2 Power Station, valued at 446.45 million baht.
In addition, Future Electric Control Co., Ltd. has also been contracted to undertake the construction of underground cable 1 province, 1 road in honor of Phrakiat Provincial Electricity Authority District No. 1 (Chiang Mai, Lamphun, Lampang, Phayao, Mae Hong Son and Chiang Rai. ) work value 234.10 million baht and construction project for Prasat 2 Power Station in Surin Province worth 159.95 million baht, total construction contract value 840.50 million baht. (EPC) in hand (Backlog) at present touches 7,500 million baht, which will gradually recognize revenue in the next 2 years
For the outlook of the 4Q21 operating results of the Group and its subsidiaries It is expected to continue to grow higher than the previous quarter. This is because revenue from renewable energy power plant projects that have been sold commercially (COD) will be gradually recognized both at home and abroad. It also recognizes the income from the EPC work that is on hand. In December 2021, the company has the opportunity to get new jobs. Adding several projects worth not less than 500 million baht, which will result in the company’s income. This year has grown according to the goals that have been set.
“The 4Q21 business outlook of the Group is bright. Due to the opportunity to receive more EPC work worth more than 1,000 million baht, which is a new job that helps to increase the backlog. And it is a positive factor supporting the 4Q21 performance and the whole year to grow continuously and as planned. At present, the company has accelerated the proposal and participated in the bidding of new projects. continuously This is a good opportunity to strengthen the business in the future. and progress on planting permits and hemp peach extraction plants The company expects to receive approval within the fourth quarter of this year and will be a key factor in driving GUNKUL to continue to grow under the company’s new S-Curve,” said Dr. Somboon.
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