PT Darma Henwa Tbk (DEWA) will allocate a large amount of capital expenditure (capex) next year. This
coal mining contractor issuer will allocate capex of up to USD 190 million or
the equivalent of IDR 2.9 trillion.
DEWA Director & Corporate Secretary Ahmad Hilyadi said
that capex would be used for fleet rejuvenation and building new fleets. The rejuvenation of the new fleet is expected to make production more efficient so that DEWA's production target can be achieved.
The amount of capex next year is also in line with DEWA's
business transformation plan. This Bakrie Group affiliated issuer is indeed
quite expansive in forming new subsidiaries. Throughout this year, DEWA has
formed 8 new subsidiaries.
Hilyadi said that the formation of these subsidiary
businesses was a form of DEWA's business transformation to focus more on one
business area.
“Each business unit has one value. DEWA is currently
reviewing better business transformation," said Hilyadi.
Meanwhile, this year, DEWA only budgeted a capex of IDR
217 billion, most of which was for the purchase of new equipment, spare parts
and components to increase production.
DEWA's operational performance managed to grow as of the end
of September 2023. DEWA's overburden (OB) removal volume reached 149.9 million
bank cubic meters (bcm), up 27% year-on-year (yoy).
DEWA's coal production volume rose 2.39% yoy to 13.34
million tons. Meanwhile the volume of material moved rose 25.23% to 160.6
million tons from 127.9 million tons in the same period last year.
Image source: DEWA
Source: www.investasi.kontan.co.id/Darma Henwa (DEWA) Alokasikan Capex Jumbo di Tahun Depan
