PT Adaro Logistics is a key subsidiary within the Adaro Energy Group, tasked with managing and optimizing the logistics operations that support the group’s vertically integrated coal supply chain. Its establishment reflects Adaro’s strategic commitment to ensuring operational excellence and supply reliability across its business segments. By overseeing the movement of coal from pit to port and ultimately to customers, PT Adaro Logistics plays a central role in maintaining the efficiency and consistency of Adaro’s energy delivery system.

PT Reska Multi Usaha, also known as KAI Services, is a subsidiary of PT Kereta Api Indonesia (Persero) established in 2003. The company's primary goal is to support and implement the policies and programs of PT Kereta Api Indonesia, especially in the railway restaurant business and other related services.
The company operates in three core business areas: On Board Services, Integrated Facility Management, and Commercial Services. On Board Services include sales on trains, train cleaning, and passenger amenities. Integrated Facility Management encompasses security, parking, cleaning services, and outsourcing. Commercial Services include restaurants, general services, cafes, and catering.
The origins of PT Reska Multi Usaha date back to the Dutch colonial era when the government provided railway restaurants to cater to passengers' needs during their journeys. In 1971, during the early days of PT Kereta Api Indonesia, a dedicated unit called RESTORKA was established to manage railway restaurants. Initially, RESTORKA offered simple beverages like "Es Siripit," but it expanded its menu over time, including the famous "Nasi Goreng Parahyangan" when the KA Parahyangan train was launched.

Established in 2003, Star Energy Geothermal is Indonesia’s largest geothermal energy producer and a leading clean energy company. We currently manage and operate geothermal assets with a gross capacity of 886 MW. With unparalleled geothermal expertise and deep stakeholder partnerships, Star Energy Geothermal is committed to advancing Indonesia and the world towards a more responsible form of energy.
Creating brighter tomorrows begin with empowering our most powerful asset: our people. Because when they succeed, then we do too. See how you can have brighter future with us.

PT Pertamina Training & Consulting (PTC), a subsidiary of PT Pertamina (Persero) under the Finance and Services category, began as a paper company in 1999 under the name PT Patra Tridaya and started operations in 2002 with its first line of business: Training & Consulting. With extensive experience in human resource management and a strong focus on human capital development, we have continued to evolve in line with customer needs by offering services in Event Organizing, Training & Consulting, Manpower Supply, Security Services, and Assessment Center, all aligned with ISO 9001:2015 standards as part of our commitment to deliver top-quality services to our clients, guided by the 6C values: Clean, Confident, Commercial, Competitive, Customer Focus, and Capable.

PaninBank is a commercial bank that has grown and developed in Indonesia. Since 1971, PaninBank was established to continuously support Indonesia's banking sector and economy. Through the motto 'Always for You', PaninBank emphasizes the Bank's consistency in providing the best service to its customers.
In 2012, PaninBank further solidified its position as one of the top banks by being ranked as the 7th largest bank in Indonesia in terms of assets, profits, total credit, capital amount, and capital ownership ratio. With more than 450 branch offices and over 36,200 ATM Bersama and Alto networks, PaninBank is ready to serve customer needs throughout Indonesia.
The long journey over 50 years has brought PaninBank to become a BUKU 4 category bank in 2019, with a strong retail and commercial customer base, as well as digital banking capabilities that keep up with the times. PaninBank continues to make breakthroughs and innovations to strengthen its position in Indonesia's banking industry and economy.

PT Astra International Tbk was established in 1957 in Jakarta as a general trading company under the name Astra International Inc. In 1990, for the purpose of the Company's Initial Public Offering (IPO), the name of the Company changed to PT Astra International Tbk, followed by listing its shares on the Indonesia Stock Exchange under the ticker code ASII. Market capitalization of Astra as at the end of year 2019 was Rp280.3 trillion.
Pursuant to the articles of association, the Company may engage in the following business activities: general trading, industry, mining, transportation, agriculture, construction, services and consultancy. By 2019, Astra has expanded its business by implementing a business model based on synergies and diversification within seven business segments, consisting of: Automotive; Financial Services; Heavy Equipment, Mining, Construction, & Energy; Agribusiness; Infrastructure and Logistics; Information Technology; Property.

PT Vale Indonesia was established by Deed No. 49 dated July 25, 1968, drawn up before Eliza Pondaag, a public notary in Jakarta. We operates under a Contract of Work, which was amended with a Special Mining Business Permit (IUPK) on May 13, 2024. The contract is valid until December 28, 2035, and the concession covers an area of 118,017 Ha covering South Sulawesi (70,566 hectares), Central Sulawesi (22,699 hectares) and Southeast Sulawesi (24,752 hectares).
In producing nickel in the Sorowako Block, we use pyro metallurgical technology (in melting the laterite nickel ore). The Company mines laterite nickel ore and processes it into the final product of nickel in matte.
The Company also continues its plan to developing integrated mining practices through the Indonesia Growth Project (IGP) in Morowali Regency, Central Sulawesi, and in Kolaka Regency, Southeast Sulawesi. The development project also targets existing operational locations, in East Luwu Regency, South Sulawesi.
As the two largest shareholders, MIND ID (PT Mineral Industri Indonesia) and Vale Canada Limited (VCL) jointly control PT Vale Indonesia Tbk. MIND ID holds the largest share in the company at 34.00%, while VCL holds approximately 33.88%.

Husky-CNOOC Madura Limited (HCML) is a key player in Indonesia’s upstream oil and gas industry. Operating under a Production Sharing Contract (PSC) with the Indonesian government, HCML is a joint venture between Husky Oil Madura Partnership (40%), China National Offshore Oil Corporation Southeast Asia Limited (40%), and SMS Development Ltd. (20%). The company’s mission is to responsibly explore and produce hydrocarbons in the Madura Strait, contributing to national energy security and regional development.
HCML’s origins date back to 1982, with the formation of Husky Oil Madura Limited. In 2011, following a strategic partnership with CNOOC, the company was restructured and rebranded as HCML. Since then, it has focused on developing offshore gas fields, with the BD Field being its flagship project. Located approximately 65 kilometers east of Surabaya and 16 kilometers south of Madura Island, the BD Field contains significant reserves of natural gas and condensate. Its development has been instrumental in supplying clean energy to East Java and beyond.