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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, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
Thursday, 14 January 10
INDONESIA POWER REDUCES COAL SUPPLY
PT Indonesia Power will reduce coal supplies from PT Tambang Batu Bara Bukit Asam to its Suralaya Power Plant. "The coal supply for the plant s ...
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- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Australian Coal Association
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
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