Good news comes from $DEWA; The company is focusing on improving its revenue performance through strategic steps. Director of Darma Henwa, Sorimuda Pulungan, has just announced that the company is intensively buying new heavy equipment. This step is expected to have a significant impact on their performance.
New Heavy Equipment Purchase Strategy
Sorimuda Pulungan stated that with the purchase of new heavy equipment, projects that have been handled by subcontractors can be minimized. This will not only reduce costs but also improve operational efficiency. Why is this important? Because direct control over the project can provide more flexibility in the management and execution of work.
Debt Conversion Approval and Its Impact
The decision to buy this new heavy equipment is also accompanied by a private placement that has been approved to convert debt of ~1.4 trillion rupiah. This provides much-needed additional capital to support the project’s expansion and add to the company’s financial strength after the EGMS on Thursday, February 13.
Diverse Portfolio of DEWA Projects
Currently, DEWA has four active operating projects, which consist of:
- Bengalon Project owned by PT Kaltim Prima Coal
- Acid Acid Project
- Kintap project owned by PT Arutmin Indonesia
- Lubuk Tutung port service
With this diverse portfolio of projects, DEWA has the potential to continue to grow and contribute in a competitive industry.
Conclusion: Seeing the Future of the Gods
With investment in heavy equipment and better debt management, DEWA is actually setting its pace towards a brighter future. It’s not just about reducing the cost of subcontractors, but it’s also about creating more value in every project they run. Will we see a surge in DEWA’s performance in the market in the future? Only time will tell, but with this strategy, they have put themselves in a stronger position to compete.
So, let’s follow the journey of the Gods and see how the steps they take today will bear fruit in the future.