COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Sunday, 05 January 14
CENTRAL BUREAU OF INVESTIGATION OF INDIA REGISTERS CASES IN CONNECTION WITH ALLEGED SUPPLY OF LOW QUALITY INDONESIAN COAL BY A PRIVATE COMPANY TO NTPC & NSPCL


COALspot.com: The Central Bureau of Investigation of India has registered two cases regarding alleged supply of low quality imported Indonesian coal by a private company to different power plants of National Thermal Power Corporation(NTPC) and NTPC-SAIL Power Corporation Ltd.(NSPCL) respectively in conspiracy with certain officials of the concerned power plants.

According to CBI’s press release, the first case has been registered against Addl. G.M, Head of NTPC Power Plant Lab, Unchahar; Dy. Manager, NTPC Power plant Lab, Unchahar, Indore based coal trading private company, Singapore based coal trading company, East Jakarta, (Indonesia) based independent coal testing company, Kolkata based coal testing private company and Chemist of Kolkata based coal testing private company and Unknown others.

CBI, further said that, It is alleged that the accused persons during the period 2011-13 entered into criminal conspiracy with an intention to cheat NTPC. In pursuance of the said criminal conspiracy, inferior quality non-cooking coal of Indonesian origin, shown to be of good quality on papers, was purchased from Indonesia by Singapore based coal trading company, overseas supplier and sister concern of Indore based group of companies. Thereafter, the said inferior quality coal was brought to India in different vessels, vide different Bill of Entries, having gross calorific value, far less than technical specifications of the agreement and thus liable to be rejected, and was supplied to NTPC power plant at Unchahar, which has resulted in a wrongful loss of approximately US$ 3,720,922 ( Rs. 231,638,574/- approximately.)

The second case has been registered against Sr. Manager, Head of NSPCL Power Plant Lab, Bhilai, a Chemist, NSPCL Power Plant Lab, Bhilai, Indore based private coal trading company, Singapore based coal trading company, Mumbai based private Laboratories, Branch Head & other Asst. Manager (Marketing) both of Mumbai based private Laboratories and Unknown others.

CBI’s press release further says, It is alleged that the accused persons during the period 2011-13 entered into criminal conspiracy with an intention to cheat NSPCL, Bhilai Power Plant. In pursuance of the said criminal conspiracy, inferior quality non-cooking coal of Indonesian origin , shown to be of good quality on papers, was purchased from Indonesia by Singapore based company, overseas supplier and sister concern of Indore based group of companies. Thereafter the said inferior quality coal was brought to India in different vessels , vide different Bill of Entries , having gross calorific value, far less than technical specifications of the agreement and thus liable to be rejected, and was supplied to NSPCL, Bhilai Power Plant, which has resulted in a wrongful loss of approximately US$ 14,925,474 ( Rs 929,155,588/- approximately.)

Searches were conducted at office & residential premises of Addl. GM & Dy. Manager, both of NTPC Unchahar Distt,. Raibareily ; Sr. Manager & Chemist, both of NSPCL, Bhilai apart from various premises of a private company based at Indore and private laboratories based at Mumbai, Kolkata, Gandhidham & Jamnagar. Incriminating documents recovered during the searches are being scrutinized.

CBI says further investigation is continuing.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 13 January 14
INDONESIAN ORE BAN TO HAVE LIMITED IMPACT ON CHINESE ALUMINIUM PRODUCERS, FITCH RATINGS SAYS
COALspot.com: Fitch Ratings says today that Indonesia's ban on exports of unprocessed mineral ore will have limited impact on Chinese aluminium pro ...


Sunday, 12 January 14
THE FREIGHT MARKET CONTINUE TO REMAIN WEAK NEXT WEEK - SOLYM CARRIERS
Wish You A very Happy New Year COALspot.com: The market has dropped quite a lot as expected due to holidays and probably also the effect of ban o ...


Friday, 10 January 14
DECISION ON ORE EXPORT BAN WILL BE MADE TOMORROW: INDUSTRY MINISTER, JG SAYS
Industry Minister M.S. Hidayat dismissed reports on Thursday that the government had made a decision on the matter. “We will only make a decis ...


Friday, 10 January 14
US COAL PRODUCTION UP 5.8% ON WEEK IN WEEK ENDED SATURDAY 4 JANUARY
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...


Thursday, 09 January 14
THE INDONESIAN GOVERNMENT EASES ORE EXPORT BAN
COALspot.com: The Indonesian government has finally agreed to ease the ore-export ban just a few days before the Sunday deadline amid protests from ...


   781 782 783 784 785   
Showing 3911 to 3915 news of total 6871
News by Category
Popular News
 
Total Members : 28,691
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Maersk Broker
  • International Coal Ventures Pvt Ltd - India
  • Indian Energy Exchange, India
  • Attock Cement Pakistan Limited
  • Vijayanagar Sugar Pvt Ltd - India
  • Lafarge - France
  • Xindia Steels Limited - India
  • Trasteel International SA, Italy
  • Aboitiz Power Corporation - Philippines
  • AsiaOL BioFuels Corp., Philippines
  • Globalindo Alam Lestari - Indonesia
  • Larsen & Toubro Limited - India
  • Indonesian Coal Mining Association
  • OCBC - Singapore
  • Orica Mining Services - Indonesia
  • Indian Oil Corporation Limited
  • Indogreen Group - Indonesia
  • Platts
  • Uttam Galva Steels Limited - India
  • Jaiprakash Power Ventures ltd
  • Thriveni
  • Reliance Power - India
  • Shree Cement - India
  • Kaltim Prima Coal - Indonesia
  • Dalmia Cement Bharat India
  • Kartika Selabumi Mining - Indonesia
  • World Coal - UK
  • Heidelberg Cement - Germany
  • New Zealand Coal & Carbon
  • PetroVietnam
  • TNB Fuel Sdn Bhd - Malaysia
  • Sojitz Corporation - Japan
  • Xstrata Coal
  • Savvy Resources Ltd - HongKong
  • Australian Commodity Traders Exchange
  • Coal Orbis AG
  • BRS Brokers - Singapore
  • Sarangani Energy Corporation, Philippines
  • The State Trading Corporation of India Ltd
  • Interocean Group of Companies - India
  • Grasim Industreis Ltd - India
  • KPCL - India
  • Edison Trading Spa - Italy
  • Krishnapatnam Port Company Ltd. - India
  • Ministry of Finance - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • WorleyParsons
  • PLN - Indonesia
  • Bank of America
  • MS Steel International - UAE
  • Ambuja Cements Ltd - India
  • Meenaskhi Energy Private Limited - India
  • TGV SRAAC LIMITED, India
  • Credit Suisse - India
  • APGENCO India
  • Kobexindo Tractors - Indoneisa
  • ANZ Bank - Australia
  • Thiess Contractors Indonesia
  • Kumho Petrochemical, South Korea
  • Georgia Ports Authority, United States
  • Central Java Power - Indonesia
  • Coaltrans Conferences
  • Planning Commission, India
  • Tata Chemicals Ltd - India
  • Core Mineral Indonesia
  • McConnell Dowell - Australia
  • SN Aboitiz Power Inc, Philippines
  • CoalTek, United States
  • GAC Shipping (India) Pvt Ltd
  • Thai Mozambique Logistica
  • Mercuria Energy - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Romanian Commodities Exchange
  • Clarksons - UK
  • Toyota Tsusho Corporation, Japan
  • Coastal Gujarat Power Limited - India
  • J M Baxi & Co - India
  • Tanito Harum - Indonesia
  • Barasentosa Lestari - Indonesia
  • SUEK AG - Indonesia
  • Marubeni Corporation - India
  • globalCOAL - UK
  • Humpuss - Indonesia
  • RBS Sempra - UK
  • Miang Besar Coal Terminal - Indonesia
  • HSBC - Hong Kong
  • CNBM International Corporation - China
  • Bukit Baiduri Energy - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Vizag Seaport Private Limited - India
  • MEC Coal - Indonesia
  • Eastern Energy - Thailand
  • Asmin Koalindo Tuhup - Indonesia
  • GHCL Limited - India
  • KEPCO - South Korea
  • McKinsey & Co - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Total Coal South Africa
  • Mintek Dendrill Indonesia
  • Salva Resources Pvt Ltd - India
  • Bhoruka Overseas - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Enel Italy
  • Merrill Lynch Bank
  • Jindal Steel & Power Ltd - India
  • Ministry of Mines - Canada
  • Gujarat Electricity Regulatory Commission - India
  • Meralco Power Generation, Philippines
  • Chamber of Mines of South Africa
  • The Treasury - Australian Government
  • GN Power Mariveles Coal Plant, Philippines
  • JPower - Japan
  • ETA - Dubai
  • LBH Netherlands Bv - Netherlands
  • Global Business Power Corporation, Philippines
  • Petron Corporation, Philippines
  • Australian Coal Association
  • Asia Cement - Taiwan
  • GMR Energy Limited - India
  • Intertek Mineral Services - Indonesia
  • Vale Mozambique
  • Holcim Trading Pte Ltd - Singapore
  • Malabar Cements Ltd - India
  • Siam City Cement - Thailand
  • Merrill Lynch Commodities Europe
  • Electricity Authority, New Zealand
  • Platou - Singapore
  • Pinang Coal Indonesia
  • Simpson Spence & Young - Indonesia
  • ING Bank NV - Singapore
  • Cosco
  • ASAPP Information Group - India
  • Straits Asia Resources Limited - Singapore
  • Baramulti Group, Indonesia
  • London Commodity Brokers - England
  • Karbindo Abesyapradhi - Indoneisa
  • CESC Limited - India
  • European Bulk Services B.V. - Netherlands
  • Gupta Coal India Ltd
  • IMC Shipping - Singapore
  • Madhucon Powers Ltd - India
  • Tata Power - India
  • Altura Mining Limited, Indonesia
  • South Luzon Thermal Energy Corporation
  • Star Paper Mills Limited - India
  • Indian School of Mines
  • Adaro Indonesia
  • EIA - United States
  • Inspectorate - India
  • Ind-Barath Power Infra Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • VISA Power Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Oldendorff Carriers - Singapore
  • Central Electricity Authority - India
  • Carbofer General Trading SA - India
  • Port Waratah Coal Services - Australia
  • Siam City Cement PLC, Thailand
  • PLN Batubara - Indonesia
  • SMC Global Power, Philippines
  • Bayan Resources Tbk. - Indonesia
  • TeaM Sual Corporation - Philippines
  • Thermax Limited - India
  • Argus Media - Singapore
  • Arutmin Indonesia
  • NALCO India
  • Pendopo Energi Batubara - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Cemex - Philippines
  • Russian Coal LLC
  • Anglo American - United Kingdom
  • Cebu Energy, Philippines
  • Cigading International Bulk Terminal - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Bukit Asam (Persero) Tbk - Indonesia
  • Independent Power Producers Association of India
  • IBC Asia (S) Pte Ltd
  • GVK Power & Infra Limited - India
  • Glencore India Pvt. Ltd
  • Moodys - Singapore
  • Latin American Coal - Colombia
  • Indorama - Singapore
  • Qatrana Cement - Jordan
  • Therma Luzon, Inc, Philippines
  • Energy Development Corp, Philippines
  • Manunggal Multi Energi - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Arch Coal - USA
  • Chettinad Cement Corporation Ltd - India
  • IEA Clean Coal Centre - UK
  • India Bulls Power Limited - India
  • Rio Tinto Coal - Australia
  • Minerals Council of Australia
  • TRAFIGURA, South Korea
  • Infraline Energy - India
  • Maruti Cements - India
  • Mjunction Services Limited - India
  • ACC Limited - India
  • Maybank - Singapore
  • Indo Tambangraya Megah - Indonesia
  • Mercator Lines Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Energy Link Ltd, New Zealand
  • PNOC Exploration Corporation - Philippines
  • SRK Consulting
  • NTPC Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Vitol - Bahrain
  • KOWEPO - South Korea
  • Permata Bank - Indonesia
  • Wood Mackenzie - Singapore
  • Pipit Mutiara Jaya. PT, Indonesia
  • Banpu Public Company Limited - Thailand
  • Japan Coal Energy Center
  • UOB Asia (HK) Ltd
  • Lanco Infratech Ltd - India
  • Singapore Mercantile Exchange
  • Fearnleys - India
  • Aditya Birla Group - India
  • Bhatia International Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • Antam Resourcindo - Indonesia
  • U S Energy Resources
  • Geoservices-GeoAssay Lab
  • Formosa Plastics Group - Taiwan
  • GB Group - China
  • Commonwealth Bank - Australia
  • Price Waterhouse Coopers - Russia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Gujarat Mineral Development Corp Ltd - India
  • Britmindo - Indonesia
  • Bank of China, Malaysia
  • Sree Jayajothi Cements Limited - India
  • SGS (Thailand) Limited
  • Coeclerici Indonesia
  • Karaikal Port Pvt Ltd - India
  • Kobe Steel Ltd - Japan
  • Asian Development Bank
  • Berau Coal - Indonesia
  • Videocon Industries ltd - India
  • Goldman Sachs - Singapore
  • Gresik Semen - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Shenhua Group - China
  • Idemitsu - Japan
  • Borneo Indobara - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Sucofindo - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Maharashtra Electricity Regulatory Commission - India
  • Riau Bara Harum - Indonesia
  • Electricity Generating Authority of Thailand
  • Samtan Co., Ltd - South Korea
  • Sical Logistics Limited - India
  • Panama Canal Authority
  • Rudhra Energy - India
  • Makarim & Taira - Indonesia
  • Indika Energy - Indonesia
  • The University of Queensland
  • Kideco Jaya Agung - Indonesia
  • Cardiff University - UK
  • Orica Australia Pty. Ltd.
  • Coal and Oil Company - UAE
  • Semirara Mining and Power Corporation, Philippines
  • Sindya Power Generating Company Private Ltd
  • Directorate Of Revenue Intelligence - India
  • Malco - India
  • Maheswari Brothers Coal Limited - India
  • Africa Commodities Group - South Africa
  • Bangkok Bank PCL
  • Bhushan Steel Limited - India
  • Inco-Indonesia
  • Mitsubishi Corporation
  • GNFC Limited - India
  • SASOL - South Africa
  • Sakthi Sugars Limited - India
  • Indonesia Power. PT
  • UBS Singapore
  • Surastha Cement
  • Coalindo Energy - Indonesia
  • Global Coal Blending Company Limited - Australia
  • Parry Sugars Refinery, India
  • Ince & co LLP
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Eastern Coal Council - USA
  • Cargill India Pvt Ltd
  • BNP Paribas - Singapore
  • Coal India Limited
  • Parliament of New Zealand
  • Essar Steel Hazira Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • PTC India Limited - India
  • Tamil Nadu electricity Board
  • CCIC - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • DBS Bank - Singapore
  • Freeport Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Ceylon Electricity Board - Sri Lanka
  • Mechel - Russia
  • San Jose City I Power Corp, Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • Ernst & Young Pvt. Ltd.
  • Cement Manufacturers Association - India
  • SMG Consultants - Indonesia
  • ICICI Bank Limited - India
  • Bangladesh Power Developement Board
  • Binh Thuan Hamico - Vietnam
  • The India Cements Ltd
  • JPMorgan - India
  • Deloitte Consulting - India
  • Bulk Trading Sa - Switzerland
  • Semirara Mining Corp, Philippines
  • IOL Indonesia
  • Power Finance Corporation Ltd., India
  • Deutsche Bank - India
  • bp singapore
  • Agrawal Coal Company - India
  • TANGEDCO India
  • White Energy Company Limited
  • Gujarat Sidhee Cement - India
  • EMO - The Netherlands
  • Adani Power Ltd - India
  • Mitra SK Pvt Ltd - India
  • Runge Indonesia
  • Medco Energi Mining Internasional
  • Mitsui
  • IHS Mccloskey Coal Group - USA
  • Wilmar Investment Holdings
  • KPMG - USA
  • TNPL - India
  • Thomson Reuters GRC
  • Barclays Capital - USA
  • Bharathi Cement Corporation - India
  • Ministry of Transport, Egypt
  • Samsung - South Korea
  • Standard Chartered Bank - UAE
  • PowerSource Philippines DevCo
  • Peabody Energy - USA
  • World Bank
  • Bukit Makmur.PT - Indonesia
  • CIMB Investment Bank - Malaysia
  • Metalloyd Limited - United Kingdom
  • Economic Council, Georgia
  • Noble Europe Ltd - UK
  • Petrosea - Indonesia
  • Vedanta Resources Plc - India
  • Kapuas Tunggal Persada - Indonesia
  • Renaissance Capital - South Africa
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Posco Energy - South Korea
  • Jatenergy - Australia
  • Thailand Anthracite