Jakarta - The new contract of PT PP Presisi Tbk (PPRE) in the 2021 fiscal year exceeded the initial target after breaking through 130%, reaching Rp4.7 trillion.

Based on the company's disclosure of information submitted to the Indonesia Stock Exchange (IDX) on Tuesday (19/10), the achievement of new contracts grew 241% on an annual basis from the achievement of new contracts until September 2020 of Rp1.9 trillion. In September 2021, the company managed to increase the acquisition of new contracts of Rp1.2 trillion.

The project with this value is the construction of a coal mine hauling road owned by PT Marga Bara Jaya-Jambi (nongroup). The project was contributed by PT LMA, a subsidiary of PP Presisi.

Director of Equipment & SCM PP Presisi, Mhd Wira Zukhrial said, this achievement further enhances the company's positioning as a nickel mining service contractor and main contractor for civil work.

"The company's competitivene