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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...
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- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
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