INDY has obtained a multicurrency facility totaling USD 203 million and IDR 2.8 trillion to support the company’s transition away from the coal business.
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Indika Energy has reached an agreement with Hyundai Motor Company to become the authorized distributor of electric buses produced by the South Korean company.
Read moreDiversified investment company Indika Energy announced on Monday that it had reached an agreement to sell its coal mine in North Kalimantan to Petrindo Jaya Kreasi (CUAN).
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A collaboration between Indika Energy Group and Taiwanese-based company Foxconn has created quite a stir in Nusa Dua Bali.
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The joint venture, FIM, will conduct manufacturing business for commercial EVs and electric batteries, as well as provide management consultation service.
Read morePT Illectra Motor Group, the electric vehicle (EV) manufacturing arm of coal miner Indika Energy, has launched a fully electric, mass-produced motorcycle in Indonesia, bringing the government closer to its goal of turning the country into a global EV player.
Read morePublicly listed coal miner PT Indika Energy has sold US$146.58 million worth of shares in publicly listed engineering services company PT Petrosea as the miner seeks to diversify its business.
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Indonesia is frequently hailed as an emerging market jewel – it is the third fastest growing G20 country and is expected to have the sixth largest gross domestic product by 2030. At the same time, this trajectory is not guaranteed. Without the right priorities, we still stand the risk of falling into the written “middle […]
Read morePublicly listed coal miner PT Indika Energy, through subsidiary PT Kariangau Gapura Terminal Energi (KGTE), has signed a service agreement worth US$108 million with PT ExxonMobil Lubricants Indonesia (EMLI) to help the latter develop a new fuel terminal Kalimantan.
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