2 Apr 2014
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.
27 Mar 2014
Higher operating profit offset by a decline in earnings from associated companies and one-off exceptional charges
28 Feb 2014
A 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 Complex, Muara Bakau permit area, Makassar Strait, offshore of Kalimantan.