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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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Saturday, 06 June 09
COAL PRICE HIT RECORD ON STRONG CHINA DEMAND - INVESTMENT WATCH
Investment watch reported that, “Coal price hit a new high of over $72 a tonne at Australia’s Newcastle Port, a benchmark for Asia, spur ...
Friday, 05 June 09
CEMENT INDUSTRY NEEDS POLICY ON FLY ASH
H.M. Bangur, President of Cement Manufacturers' Association, on the objectives and economic impact of the proposed national policy on utilisation o ...
Thursday, 04 June 09
PAKISTAN TO IMPORT MORE COAL FROM INDONESIA - SEATRADE
COALspot.com (Pakistan): Richards bay to Pakistan sea freight has touched US$ 20.00 for 40,000/10 pct steam size in June 2009. South African c ...
Thursday, 04 June 09
CHINA'S SHANXI PROVINCE CONSIDERS COAL FUTURES BOURSE - MINE WEB
Mine Web reported that, China hopes to establish a coal futures exchange to obtain more rights on international pricing.
China's largest coal pr ...
Thursday, 04 June 09
CHINA QINHUANGDAO COAL STOCK JUMPS BY 36.2% MOM - STEELGURU
SteelGuru reported that, Sources indicated that, coal stock at Qinhuangdao port, China's major coal port has reached 4.88 million tonnes increasing ...
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- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- The University of Queensland
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- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Economic Council, Georgia
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