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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Wednesday, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...
Wednesday, 23 September 09
NAVA BHARAT TO ADD 300MW CAPACITY, RAISE RS1,386 CRORE (US$ 289,674,610)
The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market
...
Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...
Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND
People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last ...
Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
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- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- White Energy Company Limited
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Australian Coal Association
- Aditya Birla Group - India
- Posco Energy - South Korea
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Minerals Council of Australia
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- The University of Queensland
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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