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Indika-Energy

Coal giant Indika Energy’s net loss widens to $117.5m in 2020
Business 4 years ago

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Coal giant Indika Energy’s net loss widens to $117.5m in 2020

The coal producer has attributed its net loss in 2020 to low global coal prices and demand, primarily as an impact of COVID-19 lockdown policies in countries around the world.
Pertamina partners with Adaro, Indika for coal gasification facilities
Business 5 years ago

Pertamina partners with Adaro, Indika for coal gasification facilities

The collaboration is meant to fill the gap in domestic DME supply needed by Pertamina, the country’s largest LPG distributor.
Coal miner Indika to set aside 42% of profit as dividends
Business 7 years ago

Coal miner Indika to set aside 42% of profit as dividends

Publicly listed coal miner PT Indika Energy announced on Thursday that it would set aside US$40 million, 42.34 percent of its core profit in 2017, as dividends for its shareholders.
Indika Energy secures US$108m service agreement with Exxon
Business 7 years ago

Indika Energy secures US$108m service agreement with Exxon

Coal miner PT Indika Energy, through subsidiary PT Kariangau Gapura Terminal Energi (KGTE), has signed a service agreement worth US$108 million with PT ExxonMobil Lubricants Indonesia (EMLI) to help the latter develop a new fuel terminal in Kalimantan.
Indika completes acquisition of Kideco
Business 8 years ago

Indika completes acquisition of Kideco

Publicly listed coal miner PT Indika Energy, through its subsidiary PT Indika Inti Corporindo, has completed the US$517 million acquisition of coal producer PT Kideco Jaya Agung.
Cirebon power plant approaching financial closure: Indika Energy
Business 8 years ago

Cirebon power plant approaching financial closure: Indika Energy

Publicly listed coal mining company Indika Energy is in the process of securing US$2.1 million for its 1-gigawatt coal-fired power plant (PLTU) Cirebon CEP-2 in West Java.
Rising coal price puts Indika Energy back in the black
Business 8 years ago

Rising coal price puts Indika Energy back in the black

Publicly listed coal mining company Indika Energy is back in the black, after being in the red throughout 2016.
Indika Energy issues $265 million worth of global bonds
Business 8 years ago

Indika Energy issues $265 million worth of global bonds

Publicly listed coal miner PT Indika Energy has issued US$265 million worth of global bonds with a coupon of 6.87 percent and reoffer yield of 6.95 percent.
Indika Energy top commissioner resigns to lead Agus Yudhoyono’s campaign team
Business 8 years ago

Indika Energy top commissioner resigns to lead Agus Yudhoyono’s campaign team

Publicly listed energy company Indika Energy announced on Friday the resignation of president commissioner Wishnu Wardhana, following his appointment as campaign manager for one of candidates in the Jakarta gubernatorial election.
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