WIKA New Contracts Jump 57.9 Percent to Rp9.78 Trillion
The state constructor's January–September order book grew across industrial, infrastructure and energy segments, led by state clients.
State constructor WIKA reported Rp9.78 trillion in new contracts for January–September 2026, up 57.9 percent from Rp6.20 trillion a year earlier, according to a company release on 4 November. The industrial supporting-construction segment contributed the largest share at 36.3 percent, followed by infrastructure and buildings at 31.3 percent and energy and industrial plants at 27.2 percent. State-owned and government clients dominated the order book, accounting for 49.5 and 29.1 percent respectively.
Management said it remains selective in bidding, prioritizing projects with secured funding and healthy payment records as the company continues its financial rehabilitation; total debt is still estimated at around Rp34 trillion. The figures are the strongest demand signal from the contractor since its restructuring began, and they confirm that large state-backed construction projects are moving again after several troubled years for the sector.