A subsidiary of PT Indika Energy Tbk (INDY), namely PT Kideco Jaya Agung (Kideco) recorded an increase in production and sales volume performance in the first 2 months of 2023. Indika Energy's Head of Corporate Communications, Ricky Fernando, said that Kideco's actual production during January-February 2023 reached 4.7 million tons. Meanwhile, Kideco's sales volume for the January-February 2023 period reached 5.1 million tons. A total of 1.6 million tonnes or around 31% of which was distributed for domestic needs.

"We are optimizing production to help meet domestic and global needs. We also focus on improving diversification performance in the non-coal sector and strengthening the Company's ESG (Environmental, Social, Governance) performance, said Ricky to Kontan.co.id, Saturday (8/4). As a comparison, Kideco recorded production of 4.6 million tons of coal in January-February 2022. Meanwhile, Kideco's realized sales volume for the January-February 2022 period amounted to 4.7 million tons with a portion of 1.8 million tons or 38% domestic demand. By the end of the year, Kideco is targeting a coal production target of 31 million tonnes. According to the plan, Kideco's export targets will target China, India, Japan, South Korea, and Southeast Asian countries, as well as domestic fulfillment.

Source: https://industri.kontan.co.id/news/volume-penjualan-dan-produksi-batubara-kideo-naik-di-dua-bulan-pertama-2023