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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, 15 October 09
GOVT TO CAP COAL EXPORTS AT 150 MILLION TONS A YEAR
The Jakarta Post reported that, The government plans to cap coal exports at around 150 million tons a year in a bid to guarantee supply for domestic ...
Thursday, 15 October 09
AUSTRALIAN MINING COMPANIES REPORTED FINDING 1.5 BILLION COAL MINE DEPOSIT IN MOZAMBIQUE
Paguntaka reported that, Mozambique is a country that has the potential mining areas are very rich. Many mining companies who want to invest in the ...
Wednesday, 14 October 09
INDONESIA POWER FIRM SIGNS LOAN AGREEMENTS FOR OVER $1 BLN
Reuters reported that, Indonesia's state electricity firm PT Perusahaan Listrik Negara (PLN) has raised more than $1 billion from a group of banks ...
Wednesday, 14 October 09
LARSEN & TOUBRO MAY ENTER POWER GENERATION BUSINESS IN INDIA
Bloomberg reported that, Larsen & Toubro Ltd., India’s biggest engineering company, said it is considering entering the power generation b ...
Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
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- Electricity Generating Authority of Thailand
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- Central Electricity Authority - India
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- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
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- Dalmia Cement Bharat India
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- Directorate General of MIneral and Coal - Indonesia
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- ASAPP Information Group - India
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- Georgia Ports Authority, United States
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- White Energy Company Limited
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- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
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- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
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- Economic Council, Georgia
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- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
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- Iligan Light & Power Inc, Philippines
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- Larsen & Toubro Limited - India
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- Indian Oil Corporation Limited
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- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
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- Metalloyd Limited - United Kingdom
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- Miang Besar Coal Terminal - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Wilmar Investment Holdings
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- Independent Power Producers Association of India
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- Thiess Contractors Indonesia
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- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
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