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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
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- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- White Energy Company Limited
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- VISA Power Limited - India
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
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