Jakarta - PT Bukaka Teknik Utama Tbk (BUKA) has established a new company, PT Baja Titian Utama (BTU).

BUKA President Director Irsal Kamarudin said BTU would be engaged in the bridge construction business, including technical planning, construction, financing, operation, and maintenance of bridges.

"The establishment of this new subsidiary will have an impact on the potential for additional revenue and profit for the company as a shareholder," he said in information disclosure on Tuesday (22/11).

BUKA specially established the BTU as the winner of the tender for the government-business partnership project to replace or duplicate the Hamilton Callender bridge on the island of Java, which the Ministry of PUPR organized.

The authorized capital of BTU is Rp250 billion, which is divided into 250,000 shares with a nominal value of Rp1 million. Meanwhile, the issued capital was Rp. 62.5 billion.

BTU's shareholders are 99%