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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.
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Saturday, 30 November 13
NTPC STARTED IMPORTING COAL THROUGH NW1 FOR ITS FARAKKA POWER PLANT
COALspot.com: In a pioneering and path breaking operation, the very first consignment of about 69,060 metric tons of imported coal bought by MV HUAY ...
Friday, 29 November 13
DRY BULK MARKET BACK ON HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is strengthening as a result of higher demand for Capesize vessels. The BDI (Baltic Dry Index) was up by 146 points yesterday, e ...
Wednesday, 27 November 13
DRY SEGMENTS EXCEPTION OF PANAMAXES, REMAINED OVERALL STABLE - INTERMODAL
COALspot.com : The Dry Bulk market closed off the week in the red, albeit the decrease noted was of short scale. With the exception of Panamaxes, th ...
Wednesday, 27 November 13
US WHEAT IMPORTS TO BRAZIL, REACHED A 35 - YEAR HIGH - EVA TZIMA
COALspot.com: As I am going through a number of dry market fixtures reported since the beginning of October, my eyes instinctively stop where they d ...
Wednesday, 27 November 13
SHIP OWNERS ONCE AGAIN TURN TO DRY BULK CARRIERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners once again turned to more dry bulk carrier ordering over the course of the past week, as more and more appear convinced of the industry ...
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- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- MS Steel International - UAE
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Planning Commission, India
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- The University of Queensland
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
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