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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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Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
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- PowerSource Philippines DevCo
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- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
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- Alfred C Toepfer International GmbH - Germany
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- GAC Shipping (India) Pvt Ltd
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- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
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- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
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- Singapore Mercantile Exchange
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- The Treasury - Australian Government
- Independent Power Producers Association of India
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- Binh Thuan Hamico - Vietnam
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- Merrill Lynch Commodities Europe
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- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
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- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
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- Bhushan Steel Limited - India
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- Electricity Authority, New Zealand
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- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
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- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
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- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
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- Gujarat Mineral Development Corp Ltd - India
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- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
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- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
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- Romanian Commodities Exchange
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- Georgia Ports Authority, United States
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- Global Business Power Corporation, Philippines
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- International Coal Ventures Pvt Ltd - India
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- Australian Commodity Traders Exchange
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- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
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- Directorate General of MIneral and Coal - Indonesia
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- Ministry of Transport, Egypt
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- White Energy Company Limited
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- Australian Coal Association
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
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- Eastern Energy - Thailand
- Dalmia Cement Bharat India
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- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
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