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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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Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
Tuesday, 07 July 09
ECONOMIC SURVEY 2008-09 OPEN UP COAL TO FUEL POWER PLANTS
TOI reported that the coal ministry's efforts at opening doors for full private entry through open bidding in coal mining got a boost, with the Eco ...
Tuesday, 07 July 09
POWER - STATION COAL MAY RISE ON CHINA DEMAND, SUPPLIES, UBS SAYS
Power-station coal prices in Asia may increase in 2010 because of higher demand from China, the second-largest energy-consuming nation, and supply c ...
Saturday, 04 July 09
FREIGHT FUTURE FOR 3 YEARS UNTIL 2012 WAS FAIRLY SOFT AROUND PANAMAX / US$ 16,000, SUPRAMAX / US$ 13,000 PER DAY
COALspot.com (Singapore): According to Vistaar shipping, an experinced ship operator in Singapore, the freight market was soft with bit nervousness ...
Saturday, 04 July 09
CHINA BUYS 17% OF MINER TECK RESOURCES FOR $1.5 BILLION
* To sell 17.2 percent stake to China Investment Corp
* To raise proceeds of C$1.74 bln
* Shares rise 3.2 percent (Adds details. In U.S. dol ...
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- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- SMC Global Power, Philippines
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
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