
Transition from coal to gold, INDY secures IDR 6 trillion loan
INDY secures multicurrency loan from bank syndicate to support portfolio transition from coal.
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INDY secures multicurrency loan from bank syndicate to support portfolio transition from coal.
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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.
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Publicly 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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Indika Energy Group, in collaboration with Foxconn, provided electric buses for the G20 and B20 events in Indonesia. These buses were praised for their performance and were used to transport VIPs from the airport to the event venues. The buses are part of a broader initiative to promote green mobility and support Indonesia’s goal of […]
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PT Ilectra 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.
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Publicly 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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Publicly listed coal mining company Indika Energy is back in the black, after being in the red throughout 2016. It recorded a consolidated operating profit of US$8.5 million in the first quarter of 2017, marking a turnaround from a loss of $6.4 million in same period of last year.
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A $265m bond from Indonesia’s Indika Energy met with overwhelming demand and priced at the tightest levels by a miner in Southeast Asia for five years, according to bankers on the deal.
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Fitch Ratings has affirmed Indonesia-based PT Indika Energy Tbk’s (Indika) Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDR) at ‘CCC’ and assigned a Positive Outlook. Indika’s senior notes due 2018 and 2023 have also been affirmed at ‘CCC’ with a Recovery Rating of ‘RR4’.
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Very recently more than two thousands global financial and business leaders participating in the 9th Asian Financial Forum (Hong Kong, 18-19 January 2016) concluded that new paradigm for growth must be adopted in the face of the world’s increasing volatility.
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