SMIL - Targets IDR600 Bn Revenue from Coal Mining JV

SMIL - Targets IDR600 Bn Revenue from Coal Mining JV PT Sarana Mitra Luas Tbk (SMIL) sets a 2026 revenue target of IDR600 bn (+33–39% yoy from 2025 target of IDR432-450 bn), driven by recurring income from heavy equipment rental in coal mining. SMIL recently expanded into mining via a joint operation in Painan, West Sumatra, under PT Sarana Cipta Minergi, partnering with PT Barakara and PT ATOZ. Acting as the main equipment provider, SMIL supports a mine with initial capacity of 200,000 tons/month, expandable to 500,000 tons/month. (Source: Kontan)