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Sunday, 28 June 09
INDIA CEMENTS TO INVEST RS 1,500 CR OVER 2 YEARS
 Chennai-based India Cements is planning to invest around Rs 1,500 crore over the next two years for setting up a greenfield project in Rajasthan, power plants in Tamil Nadu and Andhra Pradesh and acquiring a coal mine abroad. The company’s board today approved fund-raising to the tune of $100 million (Rs 500 crore).
Speaking to reporters here, N Srinivasan, vice-chairman and managing director, said the board approved the proposal for raising funds not exceeding Rs 500 crore through issue of equity/equity-linked instruments from domestic and global markets.
The funds are required for various projects being undertaken by the company, repayment of debts and general purposes.
“This is an enabling resolution. We will try to fund the projects through internal accruals. We will raise the money if needed,” said Srinivasan.
The company is planning to set up a cement facility in Rajasthan with a capacity of 1.5 million tonnes. It is also planning to set up 100 Megawatt (Mw) coal-based plants in Tamil Nadu and Andhra Pradesh at an investment of Rs 500 crore. The company’s current power requirement is 160-170 MW while the generating capacity is 50-60 MW.
The frequent power cuts in Tamil Nadu and Andhra Pradesh had impacted production at the company’s plants and increased spends on power and fuel. The company’s expense on power and fuel in the quarter ended March 31, 2009, rose 18 per cent to Rs 233.91 crore, from Rs 198.46 crore a year ago. India Cements is hoping this to come down by 15 per cent when its power plants start operation. “More than the cost, our external dependency will come down,” said Srinivasan.
Meanwhile, to meet its coal requirement, the company is planning to acquire a coal mine in Indonesia. “Technical due diligence is over and we will finalise the deal in the next quarter,” he said.
The company expects around 30 million tonnes from this mine. Currently, India Cements’ total requirement is 800-900 tonnes for cement and 400,000 for power.
Meanwhile, the company has reported 10 per cent drop in net profit to Rs 93.86 crore for the quarter ended March 31, 2009, as compared with Rs 104.44 crore a year ago.
“One of the biggest challenges during the year was rise in raw materials prices, compounded by the depreciation of the rupee against the dollar, which increased the cost of production, resulting in lower operating margin,” he said. India Cements’ other income rose to Rs 115.41 crore.
Source: Business Standard (http://www.business-standard.com/india/news/india-cements-to-invest-rs-1500-cr-over-2-years/362333/)
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Friday, 17 July 09
CHINA COAL-SPOT PRICES EDGE LOWER, SUPPLY APLENTY
China Mining reported that, spot prices in China's top coal shipping port Qinhuangdao edged lower from a week earlier, as supply grew, offsetting t ...
Friday, 17 July 09
THE NEW LAW OF MINERAL AND COAL MINING NO 4/2009 CREATE CONDUCIVE CLIMATE OF INVESTMENT IN INDONESIA
COALspot.com (Indonesia): The new Law of Mineral and Coal Mining No 4/2009, which replaces the old mining law No. 11/1967 has been signed by the Pre ...
Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
· Coal traders need to diversify to grow
· Coastal Energen to build first merchant power plant
· Tamil Nadu to see st ...
Friday, 17 July 09
CHINA SHENHUA ENERGY'S COAL OUTPUT SWELLS 17.6% IN H1
China Knowledge reported that, China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, on ...
Thursday, 16 July 09
CHINA ISSUES SECOND BATCH OF '09 EXPORT QUOTAS
China has issued 25 million tonnes of coal export quotas for the second batch this year, the National Development and Reform Commission said Wednesd ...
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- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Minerals Council of Australia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- PTC India Limited - India
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- White Energy Company Limited
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Planning Commission, India
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
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