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

Tuesday, 03 December 13
PORT OF NEWCASTLE IN QUEENSLAND SHIPPED 1.22 MMT MORE COAL W-W
COALspot.com: In the week ended December 2, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.49 ...


Tuesday, 03 December 13
U.S PRODUCED 900.80 MMST YEAR-TO-DATE
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.7 million short tons (mmst) of coal in ...


Monday, 02 December 13
SUB-BIT INDONESIA COAL SWAP DIFFERENCE BETWEEN Q1 AND Q3 DELIVERIES ARE VERY MARGINAL
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14  delivery gained $ 1.67 pmt month on month on Friday 29 Novemb ...


Sunday, 01 December 13
API 8 CFR SOUTH CHINA COAL SWAP FOR Q2 AND Q3 DELIVERY SHOWS A DECLINE
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 0.63 percept d-d on Friday 29 November 2013. The CFR South ...


Sunday, 01 December 13
PANAMAX RATES HAVE REBOUNDED - CAPT. REDDY
COALspot.com: The freight market was quite firm last week with all the indices increased. Cape Index was gained highest this week which supports inc ...


   795 796 797 798 799   
Showing 3981 to 3985 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 ...

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