JAKARTA – PT Koka Indonesia Tbk (KOKA) has secured a construction contract worth IDR 31.89 billion from PT Karunia Permai Sentosa (KPS) on Monday (10/2).

Naina Bunga Haniffa, Corporate Secretary of KOKA, stated that the contract from KPS will boost the company's revenue during the contract period.

"The company has signed a construction contract for a conveyor corridor for Lignite and Semi Coke at the Ferronickel Obi Island project," she said on Tuesday (11/2).

The tentative value of the contract is CNY 14.25 million, equivalent to IDR 31.89 billion. The contract will run until June 5, 2025. It should be noted that KOKA and KPS are not affiliated. (LK/ZH)