PT. Indra Karya BUMN Company established in Jakarta in 1972 as a continuation of the PN. Indra Karya, a company engaged in the business of notarial deed No. 108 in 1972. Since the company continued to suffer losses, in 1978 the Minister of Public Works as the Proxy of Shareholders has reorganized and transformed the company's business into an engineering consultancy service company. At that time, as the first step in entering this new field of business, electric power has been chosen which in this segment has not happened tight competition.
In 1981 the Minister of Public Works has made retrofitting efforts against the company in order to support the development of the national construction industry. Retrofitting is done by way of diverting a number of experts, technicians and administrative staff of the Brantas Bullet Time Project to PT. Indra Karya.
Besides that, there has been addition of Government Capital Participation in the form of land, office building, vehicle, laboratory equipment, survey & investigation equipment, computer and others in Malang. Since then, the business field of PT. Indra Karya expanded with water resources development (with emphasis on engineering of large dams), survey and investigation work and management and economy.
Although in 1981, water resources development projects within the Directorate General of Waterworks have been obtained, but in terms of contract value, electricity work in PLN is still dominant (85%). This market balance in the end (starting in 1987) tends to reverse where the total value of contracts within the Ministry of Public Works is greater (80%) than in PLN. However, it does not mean that the contract value in PLN is declining.
In 1982 PT. Indra Karya succeeded in winning International Competitive Bidding for Sengguruh PLTA project funded by ADB where PT. Indra Karya acts as the lead consultant (Lead firm). This project runs until 1989. The same achievement was also obtained in 1988, where PT. Indra Karya (also a key consultant) has won the bid for two major hydropower projects funded by IBRD.
Where is PT Indra Karya (PERSERO)