Adaro (company)
Adaro Energy Tbk PT, often referred to as Adaro, is one of Indonesia's largest coal mining companies. Headquartered in Jakarta, Indonesia, Adaro operates primarily in South Kalimantan, holding significant coal concessions.
Adaro's business activities encompass a vertically integrated range of operations, from coal mining and trading to power generation, coal handling, and port services. The company mines and exports a variety of coal types, including sub-bituminous and thermal coal, catering to both domestic and international markets.
Beyond coal mining, Adaro has diversified its operations to include coal-fired power plants through its Adaro Power subsidiary. This diversification is part of a strategy to capture value along the coal value chain and contribute to Indonesia's energy needs.
Adaro Energy Tbk PT is a publicly listed company on the Indonesia Stock Exchange (IDX) under the ticker symbol ADRO. The company is a significant contributor to the Indonesian economy through employment, export revenue, and tax contributions. Adaro is also subject to environmental regulations related to its mining activities and has engaged in corporate social responsibility initiatives in the communities where it operates. The company's performance is closely tied to global coal prices and the demand for energy in Asia.