Xolare RCR Energi Tbk (SOLA), an asphalt manufacturer and distributor, has signed a contract of an extension of hauling road for coal phase 1, spanning 5 km in South Sumatra.
Said contract is obtained from PT Servo Lintas Raya (SLR) and was signed earlier this week, on August 7, 2024, by SLR and one of SOLA’s subsidiaries, PT Aplikasi Bitumen Indonesia (ABI). The contract value is IDR 49 billion.
“This event will potentially increase the company’s revenue significantly,” claimed Mochamad Bhadaiwi, President Director of SOLA.
According to IDNFinancials data, SLR is an integrated logistics service company under Titan Infa Energy. As of now, SLR manages and operates hauling road specialised for coal transportation that spans 113 kilometres, connecting Lahat and Muara Enin. (KR/ZH)