Adaro Energy Indonesia Tbk vs Bukit Asam Tbk. — how do they compare? Adaro Energy Indonesia Tbk trades at Rp2,470 (market cap 71.14T), while Bukit Asam Tbk. trades at Rp2,340 (market cap 26.96T). The key difference: Adaro Energy Indonesia Tbk is far larger — about 2.6× Bukit Asam Tbk.'s market cap. Which is the better fit depends on your goals.
| ADRO | PTBA | |
|---|---|---|
Market Cap | 71.14T | 26.96T |
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Adaro Energy , PT (the company) was established under its original name of PT Padang Karunia on Jul 28, 2004 then changed to PT Adaro Energy Tbk based on Notaries Deed dated Apr 18, 2008. The deed of establishment was approved by the the Ministry of Justice dated Apr 25, 2008.
Read more on ADRO →PT Bukit Asam (Persero) Tbk was established on March 2nd 1981 in Tanjung Enim as PT. Tambang Batubara Bukit Asam. However the mine working have been exploited since 1919 under Government of Netherland Indie. Take over by Japan on 1942, and nationalized by Indonesian Government on 1945. On October 30th 1990, government merged Perum Tambang Batubara, Sawahlunto in the corporate. On 1983, corporate assigned by government to develop coal briquet. Employees 4021 personnel.
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