PTPP Secures New Contracts Worth IDR 6.36 Trillion Until April 2024

May 17, 2024, 09.25 AM | Reporter: Vina Elvira

ILUSTRASI. BUMN Karya PT PP company logo on a building construction project in Central Jakarta, Thursday (21/3/2024). BUMN Minister Erick Thohir said that he had consolidated the plan to merge 7 Karya BUMNs into just 3 companies. This decision was made to make BUMN healthy in the work sector. The seven BUMNs are PT Waskita Karya Tbk with PT Hutama Karya (HK), PT Nindya Karya with PT Brantas Abipraya and PT Adhi Karya Tbk,?and PT Wijaya Karya Tbk (WIKA) with PT Pembangunan Perumahan Tbk (PTPP). (KONTAN/Cheppy A. Muchlis)

LISTED COMPANY - JAKARTA. PT PP (Persero) Tbk (PTPP), a state-owned construction company, has successfully secured new contracts worth IDR 6.35 trillion ($445 million) through April 2024. The majority of these contracts, accounting for 57.45%, are government projects.

PTPP's Corporate Secretary, Bakhtiyar Efendi, stated that the total new contracts secured by the company until April 2024 amount to IDR 6.35 trillion. The projects are segmented based on ownership: government projects (57.45%), state-owned enterprises (24.23%), and private sector (18.32%).

Thanks for reading Kontan English.

Please create account or log in.

Only Rp5,000 to continue reading.

BUY NOW!

Editor: Syamsul Azhar