ADHI secured IDR 19.1 trillion of new contracts as of October 2022

23 November 2022 16:02

JAKARTA. The engineering and construction services dominated the new contracts of PT Adhi Karya (Persero) Tbk (ADHI) that reached IDR 19.1 trillion as of October 2022. It proliferated 51% from IDR 12.7 trillion secured in the same period in 2021.

Entus Asnawi, President Director of ADHI, reveled that the main contributors of new contracts are the engineering and construction business lines, which covered 90% of the total contracts. Then, the property segment generated 9% of them, followed by other business lines.

According to Asnawi, the new contracts obtained in October 2022 included the integrated domestic waste treatment system in Banda Aceh and the plant road and drainage system in Karawang, West Java. Based on its source, the government commissioned 39% of the new contracts, while regional and state enterprises followed with 11%. Private sectors and others, including investment projects, were still the majority, clocking up to 50%.

“We will continuously exert our efffort so that ADHI’s new contracts continue to rise by the end of this year. Several plans have been put into motion in order to attain ADHI’s target in 2022,” Asnawi further added in the official disclosure this week. (AM/ZH)

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