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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
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
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- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- White Energy Company Limited
- Australian Coal Association
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- India Bulls Power Limited - India
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