- Business
- PT. Indika Energy Tbk PT. Indika Energy Tbk operates as an integrated energy company in Indonesia, focusing on coal mining, energy services, infrastructure, minerals, green businesses, and digital ventures. The company produces and processes coal through subsidiaries including PT Kideco Jaya Agung and PT Multi Tambangjaya Utama in East and Central Kalimantan; provides engineering, procurement, and construction (EPC), operations and maintenance (O&M), and mining contracting services via PT Tripatra Engineers & Constructors, PT Tripatra Multi Energi, and PT Petrosea Tbk; offers logistics, port operations, fuel storage, and coal transportation through PT Mitrabahtera Segara Sejati Tbk and PT Interport Mandiri Utama; develops power generation including coal-fired plants at PT Cirebon Electric Power; explores minerals such as gold via PT Masmindo Dwi Area, bauxite through PT Mekko Metal Mining, and nickel trading with PT Rockgeo Energi Nusantara; advances green initiatives in nature-based solutions and solar power leasing via PT Indika Multi Properti (Indika Nature) and PT Empat Mitra Indika Tenaga Surya; and delivers digital technology solutions like AI, cloud computing, ERP, data analytics, and cybersecurity through Xapiens Teknologi Indonesia. Founded in 2000 and headquartered in Jakarta, Indonesia, PT. Indika Energy Tbk conducts operations primarily in Indonesia with some foreign sales exposure, targeting mining, energy, industrial, and urban sectors while transitioning toward a low-carbon economy with goals of 50% non-coal revenue by 2028 and net-zero emissions by 2050. Recent developments include a June 2025 memorandum of understanding (MoU) with FPT Corporation to drive smart city innovations in transportation, connectivity, urban planning, and security using AI, RPA, and OCR technologies; completion of a solar power lease project transfer to a subsidiary in October 2025; a joint operation deal for Batu Ampar Container Terminal in August 2025; and past acquisitions such as stakes in Nusantara Resources Limited for gold mining expansion.