ADARO

PT Adaro Energy Indonesia Tbk (AEI) is an integrated mining, energy, and minerals company established in 2004 under the name PT Padang Karunia. July 16, 2008 marked the maiden trading day of the company's stock on IDX as ADRO, after completing one of the largest IPOs in Indonesian capital market history with Rp12.2 trillion ($1.3 billion) of IPO proceeds. Along with the company's growth, by the end of 2022, AEI's market capitalization had grown to $7.9 billion, or a 61% increase from $5 billion at the end of 2021... Adaro Energy, the company's largest business pillar, operates its pit to power supply chain from the main locations in Indonesian coal rich provinces of South and Central Kalimantan and Australia. The company's flagship thermal coal products are produced by its largest subsidiary Adaro Indonesia and trademarked Envirocoal to represent the coal's very low-pollutant characteristics, while its Australian coal operations produce premium hard coking coal from Queensland. To..

Also known as: Adaro Energy, Adaro Energy Indonesia (AEI), Adaro Group

Primary location: York United States