JR Secures 299.39 Million Baht for MEA Project, Sets Sights on New Opportunities to Boost Backlog to 10 Billion Baht

Suradej Uthairat, Deputy Chief Executive Officer of JRW Utilities Public Company Limited (JR), announced that the company has signed a contract with the Metropolitan Electricity Authority (MEA) to supply computers and install a network communication system for managing the electrical system. The contract is valued at 299,389,660 baht, excluding VAT, with a delivery deadline of March 17, 2026.

Prior to this, JR had secured a project to build a new electrical substation for Bangkok Rangsit University and Bangkok University, worth 65,000,000 baht, excluding VAT.

According to Mr. Uthairat, “JR is committed to accelerating revenue recognition through our Quick Win plan. This approach has earned us the trust of our customers, who recognize our expertise in installing electrical and ICT systems. We are actively participating in public and private sector bidding to increase our backlog, which currently stands at approximately 8,630 million baht. We expect this to reach 10,000 million baht by the end of the year, with revenue recognition spread over the next 2-3 years, driving strong and sustainable growth.”

Regarding the revenue trend in 2024, Mr. Uthairat expressed confidence in achieving growth as planned, supported by government projects and expanding private sector investments. The Quick Win projects will also contribute to faster revenue recognition, supplementing income.

In addition to its core business, JR is focusing on the Oil and Gas sector, which offers a diverse range of projects, including Green Energy initiatives. These projects are expected to generate rapid, consistent, and sustainable income growth.