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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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Monday, 24 August 09
10 LAKH (1 MILLION) TONNE COAL BURNT IN KPT
Times of India reported that, In an unusual phenomenon, 10 lakh tonne coal cache stored at a plot in Kandla Port Trust was reduced to ashes after it ...
Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and cons ...
Saturday, 22 August 09
'THE BDI IS LIKELY TO BE HOLDING AROUND 2,500 POINTS' - SHIPPING UPDATE
COALspot.com (Singapore): The dry bulk market continued to be soft and the BDI dropped by 10 percent this week and closed at 24,68 points this week. ...
Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fre ...
Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...
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- Coal and Oil Company - UAE
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- Bhoruka Overseas - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
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- Maheswari Brothers Coal Limited - India
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- MS Steel International - UAE
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
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- ASAPP Information Group - India
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- Medco Energi Mining Internasional
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- Petron Corporation, Philippines
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- Merrill Lynch Commodities Europe
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- IEA Clean Coal Centre - UK
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- Eastern Coal Council - USA
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- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
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- Chamber of Mines of South Africa
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- Salva Resources Pvt Ltd - India
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- Kepco SPC Power Corporation, Philippines
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- Sarangani Energy Corporation, Philippines
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- Indian Energy Exchange, India
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- Ministry of Mines - Canada
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- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
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- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
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- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
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- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
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- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Xindia Steels Limited - India
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- Sindya Power Generating Company Private Ltd
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- Jorong Barutama Greston.PT - Indonesia
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- New Zealand Coal & Carbon
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- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
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- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
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- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
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- Pendopo Energi Batubara - Indonesia
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- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
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- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
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- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
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- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
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