Waskita Karya

What Waskita Karya does

Waskita Karya (PT Waskita Karya (Persero) Tbk) is an Indonesian state-owned construction enterprise (BUMN) controlled by the Government of Indonesia, headquartered in Jakarta Timur and listed on the Indonesia Stock Exchange under ticker WSKT. The firm was founded in 1961 and executes large-scale national infrastructure projects including roads, bridges, airports, and dams. Notable historical engagements include the Soekarno-Hatta International Airport construction contract awarded in 1980 (in consortium with Sainraptet Brice, SAE, and Colas) and the Temef Dam in East Nusa Tenggara, which commenced construction in 2018 at 550 meters length, 55 meters height, and 45 million cubic meter capacity.

The firm's technology stack centers on 5D BIM (Building Information Modeling) for cost and project management, complemented by drone and laser scanner survey capabilities used to overcome remote-terrain challenges. Cloud-based collaboration tools were adopted during the COVID-19 period to enable remote project coordination. Waskita also operates a digital Supply Chain Management (E-Katalog SCM) procurement platform organized into Electrical, Mechanical, Civil Works (Pekerjaan Sipil), Readymix & Precast, and other civil service departments, with unit pricing published for excavation, embankment, piling, equipment rental, and other materials across Indonesian provinces including West Java, East Java, DKI Jakarta, and Sulawesi Selatan.

Revenue is generated almost exclusively through project-based government infrastructure contracts, with long contract cycles tied to dam, airport, and civil works deployments. The company is currently operating but under significant financial stress: it has reduced total liabilities from approximately Rp84 trillion (2023) to Rp67.1 trillion, but Rp722 billion in non-government guaranteed bonds require restructuring before September 2026, and the firm's shares remain suspended from trading. 2025 financial figures show revenue of Rp527.4 trillion against multi-year net losses, though EBITDA and operating income turned positive in 2025 after multi-year losses — indicating an attempted operational turnaround against a steep revenue decline from the 2022 peak of Rp985.9 trillion.

Name

Waskita Karya

Legal name

PT Waskita Karya (Persero) Tbk

Website

https://waskita.co.id

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Waskita Karya is an Indonesian state-owned construction enterprise executing large-scale government infrastructure projects including dams, airports, bridges, and roads. The firm deploys 5D BIM technology for project management and operates a digital supply chain management catalog for construction material procurement.

Ownership category

akta.pro rank

Product category

Infrastructure Construction

NAICS

Utility System Construction (2371)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

Keywords

• Construction services
• Infrastructure development
• Civil engineering
• Building information modeling
• Supply chain management

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, Technology or R&D, Others

Revenue model

1. Infrastructure Construction Contracts: Waskita Karya generates revenue through government-funded infrastructure construction projects as a state-owned construction enterprise (BUMN). Revenue is project-based with long contract cycles for major infrastructure including dams, airports, and civil works.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

PT Waskita Karya (Persero) Tbk is an Indonesian state-owned construction and engineering enterprise that executes large-scale national infrastructure projects including dams, airports, and civil works. The company also operates a digital Supply Chain Management (SCM) e-catalog platform that lists unit pricing for construction materials, equipment rental (e.g., excavators), excavation, embankment, piling, readymix, and precast services across multiple Indonesian provinces.

Product overview

PT Waskita Karya (Persero) Tbk operates primarily as a state-owned construction and engineering company. The company maintains a digital supply chain management system called E-Katalog SCM for material and service procurement. The system is organized into departments covering Electrical, Mechanical, Civil Works (Pekerjaan Sipil), Readymix & Precast, and other civil services. Products and services listed include equipment rental (excavators), excavation and embankment work, piling services, and various construction material pricing. The company's construction operations also utilize 5D BIM (Building Information Modeling) technology for project and cost management, as demonstrated in their Temef Dam project.

Differentiator

Problem solved

Functional benefit

Products and services

• E-Katalog SCM (Supply Chain Management Digital Catalog) A digital procurement and supply chain management platform run by PT Waskita Karya's SCM Division that lists unit pricing for construction materials (readymix, precast, electrical, mechanical), heavy equipment rental, and civil engineering services across Indonesian provinces. It is intended for B2B procurement by subcontractors and suppliers.
• Infrastructure Construction Services (Dams, Airports, Civil Works) End-to-end engineering, procurement, and construction services for large-scale national infrastructure including dams (e.g., the 550m-long, 55m-high Temef Dam with 45 million cubic meter capacity), airports (e.g., Soekarno-Hatta International Airport), and civil works projects, delivered to Indonesian government ministries and state-owned enterprises using 5D BIM project management.
• Construction Equipment Rental Services Rental of heavy construction equipment such as excavators (e.g., Komatsu PC 200), available to subcontractors and project partners through the SCM e-catalog with unit-based and regionally differentiated pricing.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Sainraptet Brice, SAE, ColasminorStrategic or Co-development Partner · 20 May 1980International construction consortium partnership for Soekarno-Hatta International Airport development. Waskita Karya participated as one of multiple contractors in a four-year construction contract awarded on 20 May 1980. The partnership included Canadian consortium feasibility study (1974-1975) and joint execution of the airport construction project in Jakarta.

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Samsung C&T Corporation: Global EPC contractor with extensive civil infrastructure history in airports, highways, and energy facilities. Comparable in advanced construction technology deployment and large-project execution.
• Bouygues Construction: French-headquartered global construction major with civil works, energy, and infrastructure capabilities. Comparable in scale of major international infrastructure projects and use of advanced project management technologies.
• Hyundai Engineering & Construction: Major international EPC contractor with deep experience in heavy civil works, dams, and infrastructure. Comparable in scale and project mix to Waskita at the enterprise level.
• PT Jasa Marga: Indonesia's largest state-owned toll road operator and construction company. Broader incumbent with overlapping capabilities in transportation infrastructure construction.

Direct peers

• PT Nindya Karya: Indonesian SOE construction company with comparable project mix in dams, irrigation, and civil infrastructure. Direct peer within the BUMN construction cluster.
• PT Wijaya Karya (WIKA): Indonesian state-owned construction SOE engaged in similar large-scale buildings, roads, bridges, and EPC services — the closest direct competitor within the BUMN construction cluster for the same government infrastructure tenders.
• PT Hutama Karya: Indonesian SOE specializing in toll roads, bridges, and heavy infrastructure. Directly comparable given overlapping heavy-infrastructure execution focus and government project orientation.
• PT Adhi Karya (ADHI): Indonesian SOE construction company with overlapping scope in infrastructure, mass transit (MRT/LRT), and EPC services. Direct peer competing for the same government pipeline.
• PT Pembangunan Perumahan (PP): Indonesian SOE construction company active in buildings, infrastructure, and EPC projects. Direct comparable alongside Waskita for government infrastructure awards.

Regional players

• Gamuda Berhad: Leading Malaysian infrastructure and construction group specializing in tunnels, highways, and water infrastructure. Regional comparable in scale and project mix but operating in a different geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/waskita_karya

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 Waskita Karya