Reference
·Primary source
Combined revenue — top-3 Thai listed contractors
~THB 80–100B
Italian-Thai Development (ITD), Sino-Thai Engineering and Construction (STEC), and CH. Karnchang (CK) are the three largest SET-listed civil contractors. Based on their most recent annual filings, combined revenue for the group sits in the THB 80–100 billion range, representing a substantial share of total addressable public-works contracting. CK derives additional revenue from concession subsidiaries (CK Power, TTW) which are excluded from the construction-specific figure. STEC's backlog, heavily skewed toward overseas projects in CLMV, lifts its reported revenue above its Thailand-only footprint. Figures are derived from individual SET-listed company disclosures and are reported on a consolidated basis.
Figure in context
Italian-Thai Development (ITD), Sino-Thai Engineering and Construction (STEC), and CH. Karnchang (CK) are the three largest SET-listed civil contractors. Based on their most recent annual filings, combined revenue for the group sits in the THB 80–100 billion range, representing a substantial share of total addressable public-works contracting. CK derives additional revenue from concession subsidiaries (CK Power, TTW) which are excluded from the construction-specific figure. STEC's backlog, heavily skewed toward overseas projects in CLMV, lifts its reported revenue above its Thailand-only footprint. Figures are derived from individual SET-listed company disclosures and are reported on a consolidated basis.
Italian-Thai Development (ITD), Sino-Thai Engineering and Construction (STEC), and CH. Karnchang (CK) are the three largest SET-listed civil contractors. Based on their most recent annual filings, combined revenue for the group sits in the THB 80–100 billion range, representing a substantial share of total addressable public-works contracting. CK derives additional revenue from concession subsidiaries (CK Power, TTW) which are excluded from the construction-specific figure. STEC's backlog, heavily skewed toward overseas projects in CLMV, lifts its reported revenue above its Thailand-only footprint. Figures are derived from individual SET-listed company disclosures and are reported on a consolidated basis.
Time scope
FY2023
Source basis
Primary source
Interpretation notes
What this tells you
Italian-Thai Development (ITD), Sino-Thai Engineering and Construction (STEC), and CH. Karnchang (CK) are the three largest SET-listed civil contractors. Based on their most recent annual filings, combined revenue for the group sits in the THB 80–100 billion range, representing a substantial share of total addressable public-works contracting. CK derives additional revenue from concession subsidiaries (CK Power, TTW) which are excluded from the construction-specific figure. STEC's backlog, heavily skewed toward overseas projects in CLMV, lifts its reported revenue above its Thailand-only footprint. Figures are derived from individual SET-listed company disclosures and are reported on a consolidated basis.
What not to do with it
Use the linked report for interpretation and keep basis differences explicit.
Related figures
Adjacent numbers that add context without drowning the value.
Construction sector share of Thai GDP
NESDC, Bank of Thailand Sectoral GDP
Thai public infrastructure project pipeline
Thailand Budget Bureau, BOI project register, OTP
BOI BCG green-construction investment approvals
BOI Annual Report, Thai Green Building Institute
Bangkok metropolitan residential unit starts
Real Estate Information Center, Government Housing Bank
Report context
Atlas actors in this figure's reports
Profiles covered in the report that cite this number.