PT Maharaksa Biru Energi Tbk
IIDX:OASA198.00
IDR
+38.00
(+23.75%)
ISIN
ID1000137607
Return %
Stock
S&P 500
1Y
-28.26
14.20
3Y
24.53
81.12
5Y
422.73
68.34
Capital Structure
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in mil. unless spec.Growth Rates
IDR
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in mil. unless spec.Quarterly Revenue
IDR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Bobby Gafur Sulistyo Umar
- Full Time Employees
- 88
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- Treasury Tower Jakarta JK Indonesia 12190
- IPO Date
- Jul 18, 2016
- Website
- maharaksabiru.com
- Similar Companies
- Business
- PT Maharaksa Biru Energi Tbk (OASA.JK) is an investment holding company primarily engaged in renewable energy and environmental technology solutions in Indonesia. The company, through its subsidiaries, develops waste-to-energy power plants in several cities across Java, provides biomass energy generation, and offers environmentally friendly contracting services including construction of civil electrical buildings and communication installations; it also focuses on biochemical production, waste management, water treatment, wastewater treatment, and smart technology applications for modern city management emphasizing energy efficiency and material recovery. Operations span construction services, sales of goods, installation, consulting, management, and maintenance services within the renewable energy and waste management sectors, targeting municipal governments, industrial clients, and urban development projects throughout Indonesia. Founded in 2006 and headquartered at Treasury Tower, District 8, 15th Floor Suite A-B-M-N, Jl. Jend. Sudirman Kav. 52-53, South Jakarta, the company originally operated as a general trader and contractor before shifting to telecommunications and then pivoting to renewable energy in 2022; it changed its name from PT Protech Mitra Perkasa Tbk to PT Maharaksa Biru Energi Tbk in October 2022 to reflect its new strategic focus. Key subsidiaries include PT Telesys Indonesia (99.99% owned, involved in wood industry, wholesale trade, construction, and waste activities), PT Indoplas Makmur Lestari (99.99% owned, focused on water and waste treatment), PT Mentari Biru Biomassa (90% owned, covering construction, industry, energy supply, and remediation), and others such as PT Indoplas Karya Energi, PT Indoplas Energi Hijau, and entities under development like PT Mentari Biru Energi and PT Mentari Biru Blora for biomass and energy projects. Recent developments include the establishment of PT Mentari Biru Biomassa in January 2024 with IDR 2.7 billion investment for 90% ownership to enhance regular operating profits through biomass activities, which commenced commercial operations in February 2024; the company also executed a share capital increase via pre-emptive rights in late 2022, issuing nearly 6 billion new shares, and reported treasury share purchases reaching 5% ownership in August 2024 to support capital structure. As Indonesia's first Environmental Technology Group utilizing BLUE technology, it continues expanding waste-to-energy infrastructure and related services amid growing demand for sustainable energy solutions.