- Business
- PT Wijaya Karya (Persero) Tbk (WIKA.JK) operates as an integrated engineering, procurement, and construction (EPC) company primarily focused on infrastructure development, energy projects, industrial plants, realty, property, and investments in Indonesia. The company provides civil construction services including roads, bridges, seaports, airports, jetties, and residential buildings; building construction for commercial facilities; steel structures such as conveyor systems, telecommunication towers, transmission towers, steel bridges, tanks, silos, hoppers, pressure vessels, and welded beams; precast concrete products like piles, girders, and railroad sleepers; energy and industrial plant EPC services encompassing power plants, oil and gas facilities, palm oil processing plants, biofuel plants, fertilizer granulation plants, cement plants, pharmaceutical plants, and water treatment installations; realty and property developments under the Tamansari brand featuring landed housing and high-rise buildings such as hotels and condotels; and investment activities in toll roads, railroads, airports, renewable energy, electricity, and water infrastructure. WIKA serves state-owned enterprises, government entities, and private clients across domestic and select international markets, with operations concentrated in Indonesia including major projects in Jakarta, East Kalimantan (IKN new capital), Sumatra, Central Java, and Yogyakarta.
Founded in 1960 through the nationalization of a Dutch firm and headquartered at WIKA Tower 1 & 2, Jl. D.I. Panjaitan Kav. 9-10, Jakarta Timur, Indonesia, the company went public via an initial public offering on the Indonesia Stock Exchange in 2007.
In recent developments, WIKA secured new contracts totaling Rp10.25 trillion in the first half of 2024, primarily from the industrial segment followed by infrastructure, buildings, EPC, and property, with clients mainly from state-owned enterprises and government sectors; continued aggressive contract wins into 2025 including a Rp1.8 trillion Jakarta sewerage project, wastewater treatment in Zone 1 Jakarta (37.21% progress), Tuban LPG facility, roads for the judicial complex at KIPP IKN, irrigation projects across Sumatra, Central Java, and Yogyakarta, and waste management in Likupang; reduced debt by Rp1.47 trillion in Q1 2025 while improving its bond rating; held an Extraordinary General Meeting of Shareholders on December 15, 2025, approving Articles of Association amendments, governance strengthening, and utilization of PMN funds; and won awards at ARA 2024 and ASRRAT 2025 for corporate governance.