- Business
- PT Paragon Karya Perkasa Tbk, formerly PT Perdana Karya Perkasa Tbk, is an Indonesia-based company engaged in mining and quarrying including coal mining activities; equipment leasing and operational support with maintenance and supply of spare parts for light and heavy vehicles; land preparation and civil construction; oil and gas supporting construction services encompassing pipeline installation, machinery and instrumentation setup, fabrication, testing, material support and labor provision; building and steel structure construction; as well as water, wastewater and waste management. The company operates primarily in East Kalimantan with activities extending to serve clients in Thailand, the Philippines, Malaysia and Taiwan, targeting mining, oil and gas, and plantation sectors. Founded in 1983 and headquartered in Jakarta Selatan, Indonesia, it is a subsidiary of PT Deli Pratama Batubara, which acquired a controlling 75% stake in 2021. In recent developments, the company redirected proceeds from its 2023 rights issue, raising IDR 238 billion, to fund the acquisition of affiliate PT Bhakti Harapan Sejahtera in 2024 as a strategic move to bolster mining operations amid stable coal demand; it reported significant revenue growth to IDR 244.8 billion in 2024 from IDR 57.8 billion in 2023.