Dec 22, 2010

Adhi karya gets Rp3.9 trio new contracts

The state-owned contractor PT Adhi Karya Tbk (ADHI) has secured Rp3.94 trillion additional new contracts in the last quarter of this year.
In a press statement today, Adhi Karya Corporate Secretary Kurnadi Gularso said one of the projects is Rp2.3 trillion steam-fueled power plant with capacity pf 2x100 MW in Balikpapan.
He said the company has also bagged contract of apron of terminal 3 at Soekarno-Hatta Airport worth Rp156 billion and the construction of flyover toll road from non Kampung Melayu-Tanah Abang worth Rp214 billion.
With those additional contracts, Adhi Karya believes to meet Rp8 trillion target of contracts in 2010.   

Disclosure: No position at the stock mentioned above.
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