Construction company PT Acset Indonusa is targeting new contracts worth 1.5 trillion rupiah ($123.9 million) this year, said Finance Director Agustinus Hambadi.

The firm has booked new contracts worth 481 billion rupiah in the year to date, 32 percent of its full-year target.

The company plans to set up a joint venture with a Singapore-based firm that will focus on construction equipment rental, Hambadi said, adding that the deal was expected to be finalised next year. (Kontan).

Read original article here | Courtesy of Daily Mail.