Indra Karya (Persero)

What Indra Karya (Persero) does

PT Agrinas Palma Nusantara (Persero) is an Indonesian state-owned enterprise (BUMN) established in February 2025 under the presidential mandate of President Prabowo Subianto to advance the Asta Cita program for national energy and food self-sufficiency. It was formally launched on March 10, 2025 when the entity received management of 221,868 hectares of state plantation land from the Forest Area Rectification Task Force (Satgas PKH), with subsequent land handovers (Phases II through VI) further expanding its operational footprint. The entity operates a vertically integrated palm oil agribusiness covering upstream fresh fruit bunches (TBS), midstream processed oils (CPO, CPKO), and downstream by-products (Palm Kernel, Palm Kernel Meal, Palm Kernel Shell). Complementary supporting services include Engineering Consulting, GeoResources consulting, and a Geotechnical Laboratory, providing technical capability for plantation infrastructure and land assessment.

The business model combines commodity sales of palm oil products at market-determined prices with fee-for-service engineering and consulting engagements. Revenue generation is anchored to direct enterprise sales (B2B/B2G) executed by the Directors of Business and Marketing to industrial offtake buyers, refiners, export channels, and government institutions, with no third-party resellers in the primary flow. The go-to-market is consultative and relationship-driven, leveraging the state mandate and strategic partnerships with ministries (coordinated through the Ministry of Cooperatives and the Coordinating Ministry for Maritime Affairs and Investment) and other state enterprises such as PT Pertamina Power Indonesia. Channel partnerships are structured around approximately 1,135 palm oil cooperatives that the Ministry of Cooperatives currently supports, positioning the cooperative network as a key operational and commercial backbone.

The primary customer segments are government ministries and SOEs operating on national food and energy security mandates, and palm oil cooperatives requiring professional management, technical assistance, and institutional strengthening. The entity employs 501-1,000 staff in the firmographic record with a planned workforce exceeding 10,000 workers in the initial operational transformation phase, and is led by Director Utama Mohammad Abdul Ghani along with a broad directorate covering operations, legal, HR, finance and risk, business, marketing, compliance and sustainability, construction consulting, institutional relations, and partnership/plasma. Note: the firmographic record lists the entity as "Indra Karya (Persero)" describing a 1961-founded construction company, which is inconsistent with the substantive data above describing PT Agrinas Palma Nusantara; this description reflects the evidenced content.

Name

Indra Karya (Persero)

Legal name

PT Agrinas Palma Nusantara (Persero)

Website

https://indrakarya.co.id

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Indonesian state-owned enterprise managing 221,868+ hectares of state palm oil plantation land under presidential mandate, offering vertically integrated palm oil commodities plus engineering and geotechnical consulting services to government ministries, state enterprises, and approximately 1,135 cooperatives.

Ownership category

akta.pro rank

Product category

Infrastructure Construction

NAICS

Utility System Construction (2371)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Construction Management (Agency/Owner’s Rep) (IMAFAAAC)

akta.pro secondary industries

Hydropower EPC & Construction (Civil Works, Electromechanical) (EUACAEAF), Storage & Conveyance Structures (Reservoirs, Tanks, Culverts, Tunnels) (IMAFAGAE), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

Keywords

• Civil engineering
• Infrastructure construction
• Dam construction
• Building construction
• Bridge construction

Headquarters

HQ city

Cawang

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure

Revenue model

1. Commodity Sales (Palm Oil Products): Sale of crude palm oil (CPO), crude palm kernel oil (CPKO), palm kernel (PK), palm kernel meal (PKM), palm kernel shell (PKS), and fresh fruit bunches (TBS) as primary commodity revenue streams. Revenue is transactional and volume-based, derived from plantation production on state-managed land.
2. Engineering & Consulting Services: Fee-for-service engineering consulting, geotechnical laboratory, and geo-resources services as supporting revenue lines.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Indra Karya (Persero) is an Indonesian construction company that builds dams, buildings, and road bridges. It delivers heavy civil engineering infrastructure projects as its core business. The firm was founded in 1961 and operates as a state-owned enterprise with 501-1000 employees from its base in Cawang, Indonesia.

Product overview

PT Agrinas Palma Nusantara (Persero) operates as a vertically integrated palm oil agribusiness enterprise managing 221,868 hectares of state-owned plantation land from the Forest Area Reclamation Task Force (Satgas PKH). The company offers a comprehensive palm oil portfolio encompassing upstream products (Tandan Buah Segar/Fresh Fruit Bunches), midstream processed oils (Crude Palm Oil and Crude Palm Kernel Oil), and downstream derivatives (Palm Kernel, Palm Kernel Meal, and Palm Kernel Shell). The product portfolio is complemented by supporting technical consulting services including Engineering, GeoResources, and Geotechnical Laboratory services. The company operates under the presidential mandate of President Prabowo Subianto to achieve national energy independence through sustainable palm oil management and renewable energy development, with the stated vision of becoming a major contributor to new and renewable energy for national food and energy self-sufficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• Dam Construction Construction services for dam projects, delivered to government and institutional clients in Indonesia.
• Building Construction General building construction services delivered to institutional and government clients in Indonesia.
• Road Bridge Construction Construction services for road bridge infrastructure, delivered to government and institutional clients in Indonesia.

Quantifiable outcome

• 221,868 hectares of state plantation land under professional management
• +2 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Kementerian Koordinator Bidang PangancoreStrategic or Co-development Partner · 2 July 2026PT Agrinas Palma Nusantara and Kementerian Koordinator Bidang Pangan signed a Memorandum of Understanding on 2 July 2026 for the development of a cooperative-based agribusiness ecosystem supporting national food and energy resilience. The partnership aims to professionalize the management of approximately 1,135 palm oil cooperatives, provide technical assistance, strengthen institutional governance, and create meaningful economic participation for farmers. The Ministry oversees food policy coordination nationally, making this partnership central to APN's mandate.
• PT Pertamina Power IndonesiacoreStrategic or Co-development Partner · 1 July 2026PT Agrinas Palma Nusantara and PT Pertamina Power Indonesia signed a Memorandum of Understanding on 1 July 2026 to strengthen commitment to renewable energy development. The partnership aligns APN's palm oil and biomass (PKS) production with Pertamina's renewable energy generation capabilities, supporting national energy transition and biodiesel programs.

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• PT Waskita Karya (Persero) Tbk: Indonesian state-owned construction company engaged in infrastructure, building, and EPC projects. Most directly comparable to Indra Karya as a fellow BUMN contractor competing for the same government infrastructure contracts across dams, roads, and buildings.
• PT Brantas Abipraya (Persero): Indonesian state-owned construction company specializing in water infrastructure, dams, and irrigation. Comparable to Indra Karya in BUMN status and dam/water infrastructure construction capabilities.
• PT Jaya Konstruksi Manggala Pratama Tbk: Indonesian publicly listed construction company providing civil, building, and infrastructure services. Comparable to Indra Karya in Indonesian construction market scope across heavy civil and buildings.
• PT Hutama Karya (Persero): Indonesian state-owned construction company focused on toll roads, bridges, and heavy infrastructure. Comparable to Indra Karya in BUMN status and heavy civil infrastructure delivery.
• PT Adhi Karya (Persero) Tbk: Indonesian state-owned construction and EPC company covering infrastructure, building, and property. Comparable to Indra Karya as a fellow BUMN with diversified construction services across public infrastructure.
• PT Acset Indonusa Tbk: Indonesian construction company providing building, civil, and infrastructure services. Comparable to Indra Karya in multi-discipline construction delivery across Indonesian public and private projects.
• PT Pembangunan Perumahan (Persero) Tbk: Indonesian state-owned construction company focused on infrastructure, buildings, and energy projects. Comparable to Indra Karya in BUMN status and multi-discipline construction delivery.
• PT Nindya Karya (Persero): Indonesian state-owned construction company engaged in buildings, infrastructure, and EPC projects. Closely comparable to Indra Karya in BUMN status and multi-sector construction focus.

Broad incumbents

• PT Total Bangun Persada Tbk: Indonesian private construction company focused on building and civil works. Comparable as a market participant in Indonesian construction, though privately held and more building-focused than Indra Karya.
• PT Surya Semesta Internusa Tbk: Indonesian publicly listed company with construction, property, and hospitality divisions. Comparable as an Indonesian construction market participant with multi-disciplinary capabilities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Key highlights4 records

Customer concentration

• Xx.com/pt_indrakarya
• Facebookfacebook.com/pt.indrakarya
• LinkedInlinkedin.com/company/pt-indra-karya-persero

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Indra Karya (Persero)