- Business
- Italian-Thai Development Public Company Limited Italian-Thai Development Public Company Limited (ITD.BK) engages primarily in civil engineering, infrastructure construction, and development projects across Thailand, India, Bangladesh, and international markets. The company undertakes a wide range of construction activities, including office buildings, condominiums, skyscrapers, hotels, and industrial plants; highway, railway, high-speed rail, viaduct, track doubling, MRT systems, bridges, and expressway projects; airports, ports, and marine structures; pipeline and utility works such as oil, gas, and water transmission pipelines, conduit and manhole systems, and storage tanks; as well as dams, tunnels, and power stations. It also provides construction support services, soil and coal extraction, foundation and piling work; manufactures, distributes, and installs precast concrete products, panels, cement, and steel pipes; produces and sells vessels, equipment, and sheet piles for foundation construction; and engages in real estate development, rock quarrying, processing and distribution, electricity production and distribution, and coal mining contracting. Italian-Thai Development Public Company Limited maintains extensive support facilities, including the Pratunam Pra-In Plant Maintenance Centre and the Italian-Thai Industrial Complex in Saraburi Province, along with a large marine construction equipment fleet featuring dredgers, crane barges, and tug boats; it operates in Southeast Asia with a focus on large-scale government infrastructure initiatives. Founded in 1958 and headquartered in Bangkok, Thailand, the company listed on the Stock Exchange of Thailand in 1994. In recent developments, Italian-Thai Development Public Company Limited sold its stake in ITD Cementation India Limited to the Adani Group in October 2024, marking a strategic exit from the investment; it signed a THB 13.14 billion contract in September 2025 with the Royal Thai Navy for civil works on the second runway and taxiway at U-Tapao International Airport Expansion Project; and participates in ongoing projects such as the Den Chai-Chiang Rai-Chiang Khong Track Doubling Project and Lam Pao Dam Hydropower Plant.