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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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Wednesday, 03 June 09
POWER DEMAND TO BOOST INDIA COAL IMPORTS DURING MONSOON - STEELGURU
Reuters quoted Indian coal importers said that strong demand for power in India is likely to keep coal imports at the maximum level possible in the ...
Wednesday, 03 June 09
NAPOCOR EXTENDS COAL TENDER FOR SOLE BIDDER - ABS CBNNEWS
National Power Corp. (Napocor), the top Philippine electricity producer, has given the lone bidder at a tender for 195,000 tons of coal more time to ...
Wednesday, 03 June 09
NEWCASTLE COAL EXPORTS JUMP 20 PERCENT; SHIP QUEUE LENGTHENS - BLOOMBERG
Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, jumped 20 percent last week while the number of ...
Wednesday, 03 June 09
IPL-2 OVER, INDIAN COAL LEAGUE BEGINS IN SOUTH AFRICA - ECONOMICTIME
Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to buy South Africa ...
Wednesday, 03 June 09
BUILDING A ROAD TO LINK 3 GIANTS - THE JAKARTA GLOBE
Madhu Koneru is building a road to the future that will bring together the financial heft of the Middle East, the technological know-how of a rising ...
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- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Economic Council, Georgia
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- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
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- Mercator Lines Limited - India
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
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