Gulf Development Public Company Limited
2.31
SGD
-0.01
(-0.43%)
ISIN
SGXE34721527
Return %
Stock
S&P 500
1Y
32.76
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
THB
•
in mil. unless spec.Working Capital
THB
•
in mil. unless spec.Growth Rates
THB
•
in mil. unless spec.Quarterly Revenue
THB
•
in mil. unless spec.Quarterly Earnings Per Share
THB
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in mil. unless spec.Quarterly Dividends Per Share
THB
•
in mil. unless spec.Company Description
- CEO
- Sarath Ratanavadi
- Full Time Employees
- 1,212
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- 87 M.Thai Tower Bangkok BM Thailand 10330
- IPO Date
- Dec 6, 2017
- Website
- gulf.co.th
- Similar Companies
- Business
- Gulf Energy Development Public Company Limited (GULF) is a leading Thai energy and infrastructure development company primarily engaged in generating and selling electricity, steam, and chilled water to public and private clients in Thailand and internationally. The company’s core products and services include power generation from gas-fired, solar, wind, biomass, and waste-to-energy projects under independent power producer (IPP) and small power producer (SPP) programs; liquefied natural gas (LNG) importation, storage, regasification, and distribution with an 8 million tons per annum LNG terminal capacity; infrastructure development including motorways and logistics; and digital infrastructure services. It also provides engineering, operation and maintenance services for power plants and renewable energy solutions. GULF has a total installed power generation capacity of approximately 16,000 MW in operation and an additional 9,000 MW under development, with more than 40% derived from renewable energy sources, aligning with Thailand’s greenhouse gas reduction targets. The company operates domestically in Thailand and internationally with projects in Oman, Vietnam, Germany, and the United States. Founded in 1995, Gulf Energy Development is headquartered in Bangkok, Thailand. Recent major developments include GULF’s strategic $409 million investment in a 49% stake in Jackson Generation, a 1,200 MW gas-fired power project in the United States, reinforcing its global expansion. In 2024, GULF achieved commercial operation of over 2,000 MW of gas-fired power projects, adding significant stability to Thailand’s energy system. The company is actively expanding its renewable portfolio with ongoing commercial commissioning of solar farms—including solar farms with battery energy storage systems—with a total capacity surpassing 1,000 MW scheduled in late 2025 and early 2026. GULF also secured an $820 million loan from the Asian Development Bank in late 2024 to finance 12 renewable energy projects across Thailand. Additionally, the conglomerate completed the amalgamation with Intouch Holdings Public Company Limited, consolidating its position in the energy and digital infrastructure sectors. The company maintains a robust financial profile, achieving an “A” credit rating with a stable outlook from the Japan Credit Rating Agency in 2025. GULF continues to prioritize sustainable growth by investing in solar, wind, hydropower, and waste-to-energy projects while expanding infrastructure projects such as the Bang Yai–Kanchanaburi motorway that is projected to start operation in December 2025. Gulf Energy Development operates through diversified business segments including Power Business, Consulting Business, Infrastructure & Utilities, Gas Business, and Digital Business, targeting industrial, commercial, and governmental customers both in Thailand and abroad, driving sustainable energy and infrastructure development for long-term economic stability and environmental responsibility. This comprehensive operational scope, strategic investment, and project pipeline reinforce GULF’s position as a key player in Southeast Asia’s energy and infrastructure sectors.