News for PT Astrindo Nusantara Infrastruktur Tbk (BIPI.JK)

Thai oil and gas conglomerate, PTT Group's board of directors gave the go-ahead for PTT Mining of Hong Kong (PTTML), a coal mining business, to be transferred to Indonesia-based PT Astrindo Nusantara Infrastruktur Tbk (Astrindo), an investment company focused on integrated energy infrastructure, for US$ 471 million on August 2, 2022.

National oil and gas conglomerate PTT Plc has decided to sell its Indonesian coal mining business for US$471 million as the firm continues to move towards clean energy.