The share price of Right Tunnelling Public Company Limited (RT) continued to increase by ฿0.06/share or 2.13% to ฿2.88/share with a trading value of 59 million baht as of 10:35 local time in Thailand on April 30, 2021.
RT has been on a rise since yesterday following the report of the company is currently in negotiations with a major contractor partner in the southern region to be subcontracted for a part in the Trang Airport Expansion Project after the said partner won the auction. The company will propose to work for the double tunnel with a distance of 300 meters, with an expected value of approximately 350 million baht, which will be the first time that the company has been involved in the airport project.
Earlier, RT projected to record 7 billion baht worth from new projects this year to top up its current backlog of 4.2 billion baht. The company expected to record 3.6 billion baht of revenue in 2021.