JAKARTA. PT Adhi Karya (Persero) Tbk (ADHI) managed to secure new contracts worth IDR 13.6 trillion until August 2024.

Most of the new contracts gained by ADHI, 43%, came from building projects. Then, another 31% was water resources projects, followed by other projects, such as bridges, property, manufacture, and EPC of 26%.

In terms of fund sources, 56% of the new contracts were commissioned and funded by government’s budget. Projects funded by SOE/Regional SOEs were 19% of total contracts, followed by private of 18%, and security-backed projects of 7%.

Until August 2024, ADHI also managed to obtain several jumbo contracts, including EPCC Jetty & Propylene Storage Tank and IKN Toll Road Package 1 B of Sepinggan Airport – Balsam Toll segment.

Reportedly, as of July 2024, ADHI’s total assets were IDR 36.19 trillion, with total equity of IDR 9.25 trillion. (KR/ZH)