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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 has a 30% stake, performed well during 2008 and were profitable even at current coal prices.
According to sourced, it will use half the quantity of coal it gets from the Indonesian mines for its 4,000 MW ultra mega power project that is under construction at Mundra in Gujarat.
According to the company, the Indonesian mines produced 52 million tonne in FY 2009 with an average realized price of USD 77.56 tonne.
Mr S Ramakrishnan executive director, finance of TATA Power said that given the current coal prices, the company had started to review all capital expenditure except that which leads to cost reduction. He said we have put all the other CAPEX on hold at this point of time.
Mr Ramakrishnan said that the operations at the coal mines were profitable even at these low prices as the cost of mining operations had gone down with the fall in oil prices.
He said on the breakeven price that "If our realization goes down further by another USD 5 to USD 10, we will come into an area where the breakeven will come but we believe that the coal prices are at a rock bottom."
As per report, TATA Power will spend about INR 5,500 crore this year on various projects, including that of the special purpose vehicles floated by it, of which INR 1,700 crore will be equity. Next year, it estimates the capital expenditure will be INR 6,900 crore.
The company's generation capacity was 2,785 MW at the end of the last financial year and it will add 220 MW this year. It generated 14,807 million units in 2008-09 against 14,717 million units in the previous year. It had made an impairment provision of INR 280 crore on account of recognition of goodwill impairment loss relating to its investments in certain overseas JV.
TATA Power said that it will consider all options to raise finances to meet its equity commitments. It has raised short term funds of INR 1,300 crore, which would see it through this financial year. Its debt on a consolidated basis was about INR 13,900 crore.
Source: Steel Guru
(http://steelguru.com/news/index/2009/07/07/MTAxMjc5/TATA_Power_aid_the_Indonesian_coal_mines.html)
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Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
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- Coal and Oil Company - UAE
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- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
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- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
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- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
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- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
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- Heidelberg Cement - Germany
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- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
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- Kobexindo Tractors - Indoneisa
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- Romanian Commodities Exchange
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- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
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- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
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- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
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- Formosa Plastics Group - Taiwan
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- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
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- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
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- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- New Zealand Coal & Carbon
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- Indian Energy Exchange, India
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- Kideco Jaya Agung - Indonesia
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- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
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- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
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- Carbofer General Trading SA - India
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Economic Council, Georgia
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- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
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- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
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- Indonesian Coal Mining Association
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Tata Chemicals Ltd - India
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- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
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- Ministry of Transport, Egypt
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- Eastern Coal Council - USA
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