Keppel faces $165m in Jakarta land claim in Supreme Court

The fresh appeal follows two rulings backing Keppel's Indonesian unit.

An individual pursuing a $165.15m (IDR2.28t) claim over land owned by a Keppel Ltd. subsidiary in Jakarta has filed an appeal with Indonesia's Supreme Court after two lower courts ruled against the case.

In a regulatory filing, Keppel said claimant Tumpal Hutabarat filed a cassation against the High Court of DKI Jakarta's decision, which upheld an earlier ruling by the South Jakarta District Court declaring the lawsuit inadmissible.

The dispute involves land owned by PT. Kepland Investama, Keppel's wholly owned Indonesian subsidiary where Hutabarat is seeking compensation and has challenged the ownership of the land.

Keppel has been updating shareholders on the proceedings since March 2025.

Keppel said the High Court had affirmed the lower court's decision in May.

Its Indonesian legal counsel maintains that PT. Kepland's land certificates are the strongest proof of ownership under Indonesian Agrarian Law.

The company said it does not expect the latest appeal to have a material impact on its operations or overall financial performance and added that it will continue to update shareholders on any material developments in the case.