Dividends & Buybacks
Steel Pipe Industry of Indonesia Plans IDR 150 Billion Buyback of 250 Million Shares
By News Desk ·
Key takeaways
- Steel Pipe Industry of Indonesia plans a IDR 150 billion buyback of approximately 250,000,000 shares, or 3.48% of issued shares.
- Purchases are capped at IDR 600 per share and funded entirely from internal cash, with repurchased shares held as treasury stock.
- The program runs from the November 5, 2026 disclosure through February 5, 2027.
- Alnylam Pharmaceuticals authorized repurchases of up to $1 billion, expecting about $500 million by end-2026.
Steel Pipe Industry of Indonesia plans to buy back IDR 150 billion of its own shares, excluding brokerage fees and related costs, targeting approximately 250,000,000 shares, or 3.48% of issued shares. The future of trading reported the plan on November 5, 2026.
How the Steel Pipe Buyback Is Structured
Steel Pipe Industry of Indonesia is Indonesia's largest welded steel pipe manufacturer, producing ERW and SSAW pipes, API 5L-certified oil and gas pipes, water pipes and mechanical tubes for construction, infrastructure, oil and gas, water utility, automotive and telecom sectors through direct B2B enterprise sales. The company was founded in 1971 and is headquartered in Surabaya.
Repurchases will run following the November 5, 2026 disclosure through February 5, 2027. Purchases will be capped at IDR 600 per share and funded entirely from internal cash. The company considers its shares undervalued relative to performance, and repurchased shares will be held as treasury stock.
Steel Pipe's Plant and Capacity Records
According to akta.pro company records, Steel Pipe Industry of Indonesia operates 7 manufacturing facilities in Indonesia with a total of 38 production lines, each calibratable to produce different types of pipes. The same records show the company announced construction of Plant 7 in Gresik, East Java, with capacity of approximately 70,000 tons per month and an investment of approximately Rp 1.3 trillion, expected to begin operations gradually in 2026 and reach full capacity by 2027.
Buybacks Elsewhere in November 2026
Alnylam Pharmaceuticals authorized repurchases of up to $1 billion, expecting about $500 million by end-2026 and the remainder in 2027, subject to market conditions, TradingView reported on November 4, 2026. Grupo Argos announced a new buyback offer of up to $150,000 million in ordinary shares with preferred dividend and no voting rights, Larepublica reported the same day. Orkla ASA repurchased 1,988,000 shares between October 28 and November 3, 2026 for NOK 194,666,231.30, EuropaWire reported on November 4, 2026.
Steel Pipe's Buyback Window
The repurchase period closes on February 5, 2027, the end date the company set in its November 5, 2026 disclosure.