Adhi Karya Targets New Contract Achievements To Grow 5-10 Percent In 2024

Illustration (Photo: Doc. Antara)

JAKARTA - PT Adhi Karya (Persero) Tbk (ADHI) targets new contract achievements to reach around 5-10 percent by 2024.

President Director of Adhi Karya Entus Asnawi Mukhson said, although in general the 2024 election can make the project contract achievement relaxed, his party is still optimistic about growth.

"Because the Ministry of Finance is also still budgeting for growth, we are still budgeting for growth of approximately 5-10 percent," Entus said at the 2023 Public Expose Live online, quoted Tuesday, November 28.

Entus said that his party was targeting the growth to come from toll road projects.

"With a partial composition, there are large projects originating from business entities for the formation of Toll Road Business Entities (BUJT) or usually from water management, and so on," he said.

As for October 2023, Adhi Karya has obtained a new contract of IDR 30.3 trillion.

This achievement increased significantly when compared to the same period in 2022, which was IDR 19.1 trillion.

"Alhamdulillah, Adhi Karya's new contract achievement exceeded the target, namely until October 2023 Adhi Karya received a contract value of IDR 30.3 trillion," said Operations Director II Adhi Karya Pundjung Setya Brata at the Public Expose Live 2023 online, Monday, November 27.

Based on the segment, the new contract achievement was dominated by Adhi Karya's main business line, namely construction with a portion of 92 percent of the total acquisition of IDR 30.3 trillion.

"Meanwhile, the rest are obtained from the property sector and other business lines," he said.

Pundjung said, based on the source of project funding, the details consisted of 31 percent of the government, 27 percent of SOEs, 15 percent of BUP, 13 percent of Asian Development Bank, and 14 percent of the private sector and others.

Then, based on the work sector, the roads and bridges cover 44 percent, buildings 20 percent, railways 15 percent, E&I 8 percent and others 14 percent.