PT Nusa Raya Cipta1 Tbk (NRCA), a construction services company, is eyeing a project worth Rp 7.6 trillion in 2014.

Based on information disclosure to Indonesia Stock Exchange (IDX), the contract work is from carry-over contract of Rp 3.9 trillion, from the original plan of acquisition of new contract worth Rp 3.7 trillion.

To achieve the target, the company has prepared around Rp 45 billion for the purchase of heavy equipment for construction.

The company has been awarded a new contract of around Rp 4.6 trillion in January-December 2013. The new contract is up 70.3 percent compared to the company’s new contract obtained in January-December 2012 of Rp 2.7 trillion.

The projects obtained by the company include Crowne Plaza Hotel in Bandung. Area Plant 4 PT Astra Honda Motor in Karawang, Ciputra World 2, Pantai Indah Kapuk Avenuye, and Parahyangan Residences in Bandung.

In addition, the company is working on projects in Soho @ Podomoro City Jakarta, Tentrem Hotel in Yogyakarta, Indigo Hotel Seminyak in Bali, Cikampek-Palimanan section 5 and Ayana Residence Bali.

The Company also works on large-scale commercial building projects such as Sofitel Luxury Hotel Nusa Dua Bali, All Season Hotel Thamrin, Mas XL Batam Factory, Mayapada Lebak Bulus Jakarta Hospital, Rimba Bali Hotel, and Nestle Karawang Factory.

In stock trading Friday (21/3/2014), NRCA shares rose 1.04% to the level of Rp 970 per share. The transaction value is Rp 6.2 billion.

(Agustina Melani) (source: