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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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Friday, 15 November 13
TAIWAN'S PLASTICS GROUP FORMOSA TO IMPORT 1.37 MILLION TONS OF COAL FOR Q1' 14
COALspot.com: Taiwan's Formosa Plastics Group is inviting bids for total 1.37 million mt of coal for 1Q’ 14 for its various plants in Taiwan, ...
Thursday, 14 November 13
KOMIPO TO BUY 270K MT OF SUB-BITUMINOUS COAL FOR Q2' 14
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International Open Bidding for 140,000 Metric Tons (MT) of sub-bituminous coal ...
Thursday, 14 November 13
PANAMAX : MARKET SHOULD BE AROUND USD 11500 FOR 1 YEAR - FEARNLEYS AS
Handy
The Atlantic market has picked up this week with prompt ships able USG for November dates coming off and chrts need to pay up in order to cov ...
Wednesday, 13 November 13
Y'14 SUB-BIT INDO COAL SWAP MOVING AT SNAIL-SPEED
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’2014 delivery gained 2.95 percept month on month on Friday ...
Wednesday, 13 November 13
Q3' 14 CFR SOUTH CHINA COAL SWAPS CLOSED HIGHER THAN Q1' 14 PRICES
COALspot.com : API 8 CFR South China Coal swaps for average Q1 14 delivery gained 0.55 percept W-W on Friday 8 November 2013. The CFR South China Co ...
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Showing 4011 to 4015 news of total 6871 |
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- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Planning Commission, India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
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