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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- White Energy Company Limited
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
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