PTPP books Rp24.95 trillion in new contracts, led by power and infrastructure projects

By Romel S. Gurky

State construction company PT PP (Persero) Tbk (IDX: PTPP) booked Rp24.95 trillion ($1.5 billion) in new contracts during 2025, supported by major infrastructure, power and mining-related projects, the company said following its annual shareholders meeting.

The company said government-funded projects accounted for 45% of total new contracts, followed by state-owned enterprise projects at 35% and private sector projects at 20%.

By business segment, building construction contributed the largest share at 35%, followed by roads and bridges at 16%, mining at 12%, power plants at 11% and ports at 10%.

Among the largest projects secured during the year were the Batam combined-cycle gas turbine power plant project, New Priok East Access Phase II, the Itacha 2 haul road procurement and construction project, the Kataraja toll road Phase 2, the Cikampek-Plumpang fuel pipeline project, the Nusantara Capital City regional representative council building and the Karian-Serpong Water Conveyance System Package 1 project.

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PTPP also reported Rp6.88 trillion ($388 million) in new contract acquisitions during the January-April 2026 period.

Projects funded by the government accounted for 82% of new contracts during the four-month period, while state-owned enterprises contributed 10% and private sector projects 8%.

Road and bridge projects made up the largest portion of contracts at 35%, followed by disaster response projects at 26%, hospitals at 16%, smelter and mining projects at 10% and building projects at 6%.

One of the company’s largest contracts secured in April 2026 was the KSPEAN Wanam-Muting Segment 1 road construction project valued at Rp1.77 trillion ($100 million).

Editing by Alexander Ginting