JAKARTA – PT Sunindo Pratama Tbk (SUNI), a manufacturer of Oil Country Tubular Goods (OCTG) pipes, announced its latest win in a tender from PT Pertamina Hulu Sanga Sanga (PHSS).

"On Tuesday, January 14, 2025, SUNI was declared the winner of the tender by PHSS," said Freddy Soejandy, Director of SUNI, in an official statement.

The tender involves the supply of COO casing 12-3/8” Grade K55 for PHSS, with a total value of IDR 129.89 billion.

"The company’s success in securing significant tenders enables it to generate and enhance business revenue," Soejandy added.

Additionally, this tender win is expected to contribute to SUNI's revenue and operating profit over the next two years (2025-2026).

As of September 2024, SUNI’s sales surged by 67.8% year-on-year (yoy) to IDR 800.1 billion, with net profit for the period skyrocketing nearly 130% yoy to IDR 168.67 billion. (ZH)