Indonesia

Top 19 largest Indonesian Companies in the Thermal Coal industry by Market Cap

This is the list of the largest public listed companies in the Thermal Coal industry from Indonesia by market capitalization with links to their reference stock.

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Top Thermal Coal Companies from Indonesia as of Jul. 01, 2025

Rank Company Market Cap (USD) Country Sector Industry
1 PT Bayan Resources Tbk $40.85 B

(July 1, 2023)

 Indonesia Indonesian Energy Indonesian Thermal Coal
2 PT Dian Swastatika Sentosa Tbk $21.27 B Indonesia Indonesian Energy Indonesian Thermal Coal
3 Adaro Energy Tbk PT $3.33 B Indonesia Indonesian Energy Indonesian Thermal Coal
4 Bumi Resources Tbk PT $2.51 B Indonesia Indonesian Energy Indonesian Thermal Coal
5 Bukit Asam Tbk PT $1.67 B Indonesia Indonesian Energy Indonesian Thermal Coal
6 PT Indo Tambangraya Megah Tbk $1.54 B Indonesia Indonesian Energy Indonesian Thermal Coal
7 PT Harum Energy Tbk $663.3 M Indonesia Indonesian Energy Indonesian Thermal Coal
8 PT Baramulti Suksessarana Tbk $632.3 M Indonesia Indonesian Energy Indonesian Thermal Coal
9 PT ABM Investama Tbk $503.7 M Indonesia Indonesian Energy Indonesian Thermal Coal
10 PT Darma Henwa Tbk $457.7 M Indonesia Indonesian Energy Indonesian Thermal Coal
11 PT. Indika Energy Tbk $427.7 M Indonesia Indonesian Energy Indonesian Thermal Coal
12 PT TBS Energi Utama Tbk $418.5 M Indonesia Indonesian Energy Indonesian Thermal Coal
13 PT Sumber Global Energy Tbk $321.8 M Indonesia Indonesian Energy Indonesian Thermal Coal
14 PT Samindo Resources Tbk $237.9 M Indonesia Indonesian Energy Indonesian Thermal Coal
15 PT Golden Eagle Energy Tbk $178.9 M Indonesia Indonesian Energy Indonesian Thermal Coal
16 PT Delta Dunia Makmur Tbk $171.2 M Indonesia Indonesian Energy Indonesian Thermal Coal
17 PT Mitrabara Adiperdana Tbk $124.0 M Indonesia Indonesian Energy Indonesian Thermal Coal
18 PT Dwi Guna Laksana Tbk $123.5 M Indonesia Indonesian Energy Indonesian Thermal Coal
19 PT Resource Alam Indonesia Tbk $107.2 M Indonesia Indonesian Energy Indonesian Thermal Coal

Top Thermal Coal Companies from Indonesia as of Jul. 01, 2025

1. PT Bayan Resources Tbk

Company Profile: PT Bayan Resources Tbk
Market Cap (USD): $40.85 B (July 1, 2023)
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

2. PT Dian Swastatika Sentosa Tbk

Company Profile: PT Dian Swastatika Sentosa Tbk
Market Cap (USD): $21.27 B
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

3. Adaro Energy Tbk PT

Company Profile: Adaro Energy Tbk PT
Market Cap (USD): $3.33 B
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

4. Bumi Resources Tbk PT

Company Profile: Bumi Resources Tbk PT
Market Cap (USD): $2.51 B
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

5. Bukit Asam Tbk PT

Company Profile: Bukit Asam Tbk PT
Market Cap (USD): $1.67 B
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

6. PT Indo Tambangraya Megah Tbk

Company Profile: PT Indo Tambangraya Megah Tbk
Market Cap (USD): $1.54 B
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

7. PT Harum Energy Tbk

Company Profile: PT Harum Energy Tbk
Market Cap (USD): $663.3 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

8. PT Baramulti Suksessarana Tbk

Company Profile: PT Baramulti Suksessarana Tbk
Market Cap (USD): $632.3 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

9. PT ABM Investama Tbk

Company Profile: PT ABM Investama Tbk
Market Cap (USD): $503.7 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

10. PT Darma Henwa Tbk

Company Profile: PT Darma Henwa Tbk
Market Cap (USD): $457.7 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

11. PT. Indika Energy Tbk

Company Profile: PT. Indika Energy Tbk
Market Cap (USD): $427.7 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

12. PT TBS Energi Utama Tbk

Company Profile: PT TBS Energi Utama Tbk
Market Cap (USD): $418.5 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

13. PT Sumber Global Energy Tbk

Company Profile: PT Sumber Global Energy Tbk
Market Cap (USD): $321.8 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

14. PT Samindo Resources Tbk

Company Profile: PT Samindo Resources Tbk
Market Cap (USD): $237.9 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

15. PT Golden Eagle Energy Tbk

Company Profile: PT Golden Eagle Energy Tbk
Market Cap (USD): $178.9 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

16. PT Delta Dunia Makmur Tbk

Company Profile: PT Delta Dunia Makmur Tbk
Market Cap (USD): $171.2 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

17. PT Mitrabara Adiperdana Tbk

Company Profile: PT Mitrabara Adiperdana Tbk
Market Cap (USD): $124.0 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

18. PT Dwi Guna Laksana Tbk

Company Profile: PT Dwi Guna Laksana Tbk
Market Cap (USD): $123.5 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

19. PT Resource Alam Indonesia Tbk

Company Profile: PT Resource Alam Indonesia Tbk
Market Cap (USD): $107.2 M
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

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