Toba Bara Sejahtra

PT TBS Energi Utama Tbk (IDX: TOBA), historically known as PT Toba Bara Sejahtra Tbk, is an Indonesian publicly listed company that is transitioning from its coal-mining origins to become a developer of sustainable infrastructure across Asia. The company began in 2007 as PT Buana Persada Gemilang and adopted the name PT Toba Bara Sejahtra Tbk in 2010 as it expanded its coal business through three adjacent mining concessions in Sangasanga, East Kalimantan. It listed on the Indonesia Stock Exchange in 2012. Today, TBS operates businesses spanning waste management, renewable energy, and electric mobility, while responsibly managing its remaining coal operations through the transition. The company operates in Singapore and across Indonesia, including Lampung, Batam, East Kalimantan, and West Java, with more than 1,700 employees. Guided by its long-term strategy, Towards a Better Society (TBS2030), TBS is redirecting capital toward low-carbon assets. In August 2026, TBS became the first company to receive the Green Equity Transition designation from the Indonesia Stock Exchange (IDX), reviewed by S&P Global Ratings. The company has also established the TBS Foundation as a platform to develop green talent through quality education, thought leadership and advocacy, and impact capital. TBS aims for carbon neutrality by 2030.

TBS began its journey in 2007 as PT Buana Persada Gemilang. In 2010, it adopted the name PT Toba Bara Sejahtra Tbk as it grew its coal business through three adjacent mining concessions in Sangasanga, East Kalimantan. The company listed on the Indonesia Stock Exchange in 2012 under the ticker TOBA. Over the following decade, TBS continued to expand its coal operations while beginning to explore diversification. By the early 2020s, the company had articulated a long-term strategy called Towards a Better Society (TBS2030), aiming to redirect capital toward low-carbon assets. This strategy encompasses waste management, renewable energy, and electric mobility. In August 2026, TBS became the first company to receive the Green Equity Transition designation from the Indonesia Stock Exchange (IDX), reviewed by S&P Global Ratings. The company now operates in Singapore and across Indonesia, including Lampung, Batam, East Kalimantan, and West Java, with more than 1,700 employees. It has also established the TBS Foundation to develop green talent through quality education, thought leadership and advocacy, and impact capital. TBS aims for carbon neutrality by 2030.

• 2026

  First company to receive Green Equity Transition designation from IDX

• 2012

  Listed on Indonesia Stock Exchange (IDX: TOBA)

• 2010

  Renamed PT Toba Bara Sejahtra Tbk

• 2007

  Founded as PT Buana Persada Gemilang

Sustainable infrastructure developer transitioning from coal to clean energy, targeting carbon neutrality by 2030.

• Waste Management

  Integrated waste management solutions that drive circular impact

• Renewable Energy

  Accelerating Indonesia's shift to renewable power sources

• Electric Vehicle Ecosystem

  Innovative electric 2-wheelers and their ecosystem

1. 1TBS: Asia’s Leading Sustainable Infrastructure Developerthisistbs.com
2. 2About TBS Energi Utamathisistbs.com
3. 3Investor Relations | TBSthisistbs.com
4. 4Governance | TBSthisistbs.com
5. 5Toba Bara Sejahtrawikidata.org