Danantara invests USD 200 million in CA-EDC: what it means for Chandra Asri stock
Published on 10/15/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSInvestment and results context
- Danantara and INA invested USD 200 million in the CA-EDC project on October 15, 2026.
- First-half 2026 revenue rose 83.59 percent to USD 5.35 billion while net income fell 77.53 percent.
- Chandra Asri disclosed an IDR 266.95 billion bond payment due on October 29, 2026.
Chandra Asri (ISIN ID1000090301) secured USD 200 million for its Chlor Alkali-Ethylene Dichloride project on October 15, 2026, as Suara.com reported. The funding gives the project a clearer path toward commercial operations targeted for 2027.
CA-EDC adds operating capacity
The first phase is designed to produce 400,000 tonnes per year of caustic soda and 500,000 tonnes per year of ethylene dichloride. Construction had reached 80 percent by September 2026, according to Suara.com. The project is expected to create 3,000 construction jobs and 250 permanent operating positions.
What does the investment change?
The project expands Chandra Asri beyond its established chemical base, but first-half profitability provides an important counterweight. Katadata reported that first-half 2026 revenue rose 83.59 percent year over year to USD 5.35 billion, while net income attributable to owners fell 77.53 percent to USD 283.24 million.
Three dated steps in expansion
On October 5, 2026, Chandra Asri disclosed funds for an IDR 266.95 billion bond payment due on October 29, according to Pasardana.id. On October 14, 2026, the group announced support for cooler boxes at 200 fishing-community sites, as Pasardana.id reported. On October 15, 2026, Danantara and INA paid USD 200 million into the CA-EDC project, according to Suara.com.
Key dates for shareholders
The IDR 266.95 billion bond principal and final coupon are due on October 29, 2026, according to Pasardana.id. The next reporting date is listed as November 4, 2026 by TradingView.
IDX price and market value
Chandra Asri was last at IDR 1,415.00 on the Indonesia Stock Exchange on October 15, 2026 at 4:14 p.m. WIB. Its market capitalization was IDR 122.3 trillion on the same date. The combination of project funding and weaker first-half profit leaves execution and earnings conversion as the central investor questions.
Chandra Asri stock facts
- Company: PT Chandra Asri Pacific Tbk
- ISIN: ID1000090301
- Ticker: TPIA
- Primary exchange: Indonesia Stock Exchange
- Price on Indonesia Stock Exchange (as of October 15, 2026, 4:14 p.m. WIB): IDR 1,415.00
- Market capitalization: IDR 122.3 trillion (as of October 15, 2026)
- Sector / Industry: Basic Materials / Specialty Chemicals
Market context: Market report IDX Composite.
