Adhi Karya secures Rp4.7 trillion in new contracts in August

Adhi Karya secures Rp4.7 trillion in new contracts in August

Indrapuri toll gate as part of the Sigli-Banda Aceh or Sibanceh toll road section. ANTARA/HO-Adhi Karya.

Jakarta (ANTARA) - State-owned construction firm PT Adhi Karya (Persero) Tbk booked new contracts worth Rp4.7 trillion, excluding tax, in August, up 18 percent, from Rp4 trillion, not including tax, a month earlier.

The new contracts in August brought the company's order book value to Rp35.2 trillion, excluding tax, Adhi Karya Corporate Secretary Parwanto Noegroho noted in a written statement released on Tuesday.

The new contracts in August 2020 were mostly derived from the Trans Eastern Sumatra Highway project worth Rp439.6 billion, he stated.

As per business lines, 89 percent of the new contracts in August came from construction and energy, 10 percent from property, while the rest from other business lines, he noted.

In accordance with the types of jobs, building projects contributed 38 percent; Mass Rapid Transit (MRT), 33 percent; roads and bridges, five percent; and other infrastructure projects, including dams, airports and engineering, procurement and construction (EPC) projects being 24 percent of the new contracts.

Meanwhile, based on the segmentation of ownership, the realization of new contracts from the government reached 68 percent; state-owned companies, 22 percent; and private sector, 10 percent.

PT Adhi Karya had earlier outlined a target of booking new contracts worth Rp55 trillion for this year. However, it slashed the target owing to the COVID-19 pandemic that also compelled other state-owned construction companies, including PT Wijaya Karya (Persero) Tbk (WIKA), PT Pembangunan Perumahan (Persero) Tbk (PTPP), and PT Waskita Karya (Persero) Tbk (WSKT), to follow suit.

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