Baramulti Sukses to double output

By Er Audy Zandri

IDX-listed PT Baramulti Sukses Sarana Tbk (BSSR) has recently stated it targets up to 3.5 million tons of coal output this year, elevating to 8.5 million tons in 2014.

Baramulti Sukses Corporate Secretary Geroad PA Jusuf said to reporters recently that the company targets 5 million tons of coal output in 2013.

Recently conducting its IPO, the company said it has signed sales contract with India based Tata Power, which through subsidiary Khopoli Investments Ltd, has bought 26 percent stake in Baramulti. Japan's Idemitsu Kosan Co has also reportedly bought a 3 percent stake in the company.

Editing by David Mustakim