Moody’s Investors Service commented that PT Indika Energy Tbk’s (Indika) full-year 2013 earnings decline was driven by a weak coal pricing environment, but remains broadly in line with expectations. There is no immediate impact on the company’s B1 corporate family rating due in large part to Indika’s commitment to prudent balance sheet and liquidity management.
Read moreHigher operating profit offset by a decline in earnings from associated companies and one-off exceptional charges
Read moreA consortium between PT Tripatra Engineers & Constructors (“Tripatra”), a subsidiary of PT Indika Energy Tbk. (“Indika Energy”), PT Saipem Indonesia, PT Chiyoda International Indonesia and Hyundai Heavy Industries Co. Ltd., have signed a US$1.1 billion contract from ENI Muara Bakau BV., for the development of a new Floating Production Unit (FPU) in the Jangkrik […]
Read morePT Indika Energy Tbk. reported its unaudited consolidated financial statements for the nine-month period ended September 30, 2013.
Read morePT Indika Energy Tbk. announced today that it has issued a redemption notice to all holders of its US$230,000,000 9.75% Senior Notes due 2016 (“2016 Notes”) in relation to its intention to redeem all outstanding 2016 Notes on November 5, 2013 at the redemption price of 104.875% per US$100,000 plus accrued and unpaid interest up […]
Read morePT Indika Energy Tbk. (“Indika Energy”) announces that during the Business Forum Indonesia – China held today it has signed a principal agreement with China Railway Group Limited (“CREC”) to jointly develop mining and transportation infrastructure projects in the Papua and Central Kalimantan provinces in Indonesia.
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