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Monday, 10 August 09
NOMINAL HIKE IN COAL PRICES SOON - MEDIA
The hindu business reported that, a marginal hike in coal prices is in the offing. "I will be soon approaching the Prime Minister on the matter,'' Coal Minister, Mr Sriprakash Jaiswal told PTI.
Mr Jaiswal's statement came after Coal India said its multi-billion dollars worth of projects could become unviable if prices were not hiked.
The PSU is seeking a nominal increase in prices of its products, which were marginally revised last in 2007. "Our prices starting at about $16 a tonne are over 50 per cent cheaper than the prevailing global rates. We are seeking a marginal increase as w e do not wish to lose the tag of provider of cheap coal to end users,'' Coal India Chairman, Mr Partha S Bhattacharyya said.
CIL is undertaking projects entailing huge investment and ."a nominal hike in coal prices would make such projects viable,'' he said. Also, the Rs 4,000 crore coal-wage pact between CIL and its workers is a factor behind the demand for a price hike.
Mr Bhattacharya said Coal India had reported a sharp drop in retained earnings because of the wage-built annual impact. A profit of Rs 300 crore on a turnover of Rs 45,000 crore was low.
Retained earnings are that percentage of net earnings of a company that is not paid out as dividends but is retained by the company to be reinvested for the growth of the business. CIL had a pre-tax profit of Rs 8,700 crore in the last fiscal. - PTI
Source: The Hindu Busienss
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Monday, 10 August 09
POLICY HURDLES DELAY NALCO'S U$$ 4.166 BILLION OVERSEAS PROJECTS
National Aluminium Company Ltd's (NALCO) greenfield projects in overseas markets like Indonesia and Iran are in limbo because of political
...
Monday, 10 August 09
SAIL, TATA STEEL TO REDUCE COAL IMPORTS BY PARADIP PORT
World Shipping News reported that, Steel Authority of India Ltd (SAIL) and Tata Steel have scaled down coal imports through Paradip Port, hit by pre ...
Monday, 10 August 09
NTPC LIKELY TO SET UP POWER PLANTS IN NIGERIA AND SRILANKA
Economic time reported that, National Thermal Power Corporation Limited (NTPC), country's largest power utility, is likely to set up power plants i ...
Monday, 10 August 09
VINACOMIN TO SELL COAL AT MARKET PRICES TO DOMESTIC USERS
VNBusinessNews.com - Reuters reported that Vietnamese government has agreed to let coal monopoly Vinacomin sell coal at market oriented prices to do ...
Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
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- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
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- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
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- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- MS Steel International - UAE
- Economic Council, Georgia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- The University of Queensland
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
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