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Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said here Friday.
The government, which holds 100 percent stake in CIL, will divest 10 percent through an initial public offer (IPO) of 63.1 crore (63 million) shares, Bhattacharyya told reporters on the sidelines of the 20th Asian Corporate Conference organised by industry lobby CII.
The company will reserve 6.3 crore (63 million) shares for its employees.
“We hope to file the draft red herring prospectus for the issue with Securities Exchange Board of India by mid-June post our annual general meeting,” Bhattacharyya said.
Bhattacharyya added that the company’s net profit would be around $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low ...
Friday, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and ...
Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project ...
Thursday, 27 May 10
KPCL IS LOOKING FOR 0.50 MLN TON TO IMPORTED STEAMING COAL FOR RAICHUR THERMAL POWER STATION
COALspot.com: KARNATAKA POWER CORPORATION LIMITED, India invited from reputed parties meeting the pre qualifications stipulated for the import ...
Thursday, 27 May 10
TNPL TO BUY 0.240 MLN TON NON-COKING COAL FOR SECOND HALF OF 2010
COALspot.com: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 0.24 mln MT of imported Non-Coking Coal in 6 Shipments of about ...
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- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Minerals Council of Australia
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- White Energy Company Limited
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
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