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

Wednesday, 08 January 14
SHIPPING: THE ABSOLUTE BOTTOM OF THE CYCLE WAS REACHED AND PASSED - GEORGE LAZARIDIS
COALspot.com: To many in the industry 2013 has been the turning point in the market where the absolute bottom of the cycle was reached and passed. ...


Tuesday, 07 January 14
INDONESIA RAISES COAL PRICE THIS MONTH
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 1.59 / MT ...


Tuesday, 07 January 14
NEWCASTLE COAL TERMINAL'S COAL EXPORTS SLIDE TO 3.54 MMT W/E 30 DECEMBER 13
COALspot.com: In the week ended December 30, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.54 ...


Tuesday, 07 January 14
US COAL OUTPUT SLIDES 9 PCT WEEK ON WEEK, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, produced approximately 17.8 million short tons (mmst) of coal in ...


Monday, 06 January 14
ARGUS LAUNCHES SPOT CFR EAST COAST INDIA COAL ASSESSMENTS
COALspot.com: Global energy and commodity news and price reporting agency Argus has announced today that, the company has launched CFR coal assessme ...


   783 784 785 786 787   
Showing 3921 to 3925 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 ...

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