Markets Mining & Energy

FIRE Obtains IDR 970 B Contract

Alfa Energi Investama Tbk (FIRE) obtains a coal purchase contract worth IDR 970 billion from Kisya Pundi Abadi. This contract will increase the company’s revenue for the next few years.

Lyna Elvira, Finance Director of FIRE, said Kisya Pundi Abadi bought the company’s coal with a total volume of 2.5 million metric tons. This is a long-term contract for three years.

“This contract is also expected to have a positive impact on the company’s business continuity,” said Lyna.

The company previously targeted a coal sales volume of 600,000 tons this year. The target increased 50 percent over the same period last year.

On Wednesday (20/9), FIRE dropped 0.7 percent to IDR 1,390. (*)

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Hari Widowati

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