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Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
 Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenfield slag-based cement manufacturing units with a total capacity of 3 million tonnes through a joint venture.
"We will form two more joint ventures to set up cement plants at Rourkela and Burnpur. The Rourkela plant will have a capacity of 2 mt, while the Burnpur unit will have a capacity of 1 mt. The joint venture partners will be decided through a bidding process," Chairman S K Roongta told Business Standard.
New capacity creation for a million tonnes of cement usually requires an investment of Rs 350-400 crore (US$ 72,947,076 - 83,368,087), according to estimates by cement industry sources. Setting up of these two units with a total capacity of 3 million tonnes could require an investment of Rs 1,100-1,200 crore (US$ 229,262,240 - 250,104,262).
SAIL is already developing two cement plants at Bhilai and Bokaro through a joint venture with Jaiprakash Associates, which is a major cement player. The Bhilai plant, with a capacity of 2.2 mt, would be operational by mid - 2010. The Bokaro plant, with a capacity of 2 mt, is expected to begin cement production by July 2011.
In both of these joint ventures, SAIL has a 26 per cent stake. The proposed new joint ventures are also expected to have a similar holding structure.
Through concurrent expansions at its five integrated steel plants at Bokaro (Jharkhand), Bhilai (Chhattisgarh), Rourkela (Orissa), Durgapur and Iisco Steel Plant (both West Bengal), SAIL has targeted to step up its total steel production capacity from 14 mt to 23 mt by 2012.
This capacity expansion will result in a significant increase in the volume of slag, which is a byproduct. The slag-based cement plants will enable SAIL to find long-term solutions for the disposal of the byproduct generated at these plants.
The domestic cement industry has a capacity of about 226 mt. It is expected to add another 35-40 mt by the end of the year as most players are augmenting capacities. Cement consumption has been growing at double-digit rates month-on-month, mainly driven by the demand from rural and semi-urban areas. In August, for instance, the industry clocked a despatch growth rate of 17 per cent.
Source: Business Rediff
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Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
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- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
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- Standard Chartered Bank - UAE
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- The Treasury - Australian Government
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- The University of Queensland
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- Bhushan Steel Limited - India
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- Planning Commission, India
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- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Sinarmas Energy and Mining - Indonesia
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- Power Finance Corporation Ltd., India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sical Logistics Limited - India
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- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Minerals Council of Australia
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- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
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- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Goldman Sachs - Singapore
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- Jindal Steel & Power Ltd - India
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- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
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- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
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- GMR Energy Limited - India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
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- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
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- MS Steel International - UAE
- GVK Power & Infra Limited - India
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- Malabar Cements Ltd - India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
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- Bayan Resources Tbk. - Indonesia
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- Ministry of Transport, Egypt
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