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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 Grasim cement with Ultra Tech, which together will have a capacity of 49 million tons per annum or 20 per cent of the country's cement production.
The group, which had acquired Ultra Tech from engineering giant L&T in 2004, said it would hive-off Grasim cement into Samruddhi, a wholly owned subsidiary.
The demerged entity would be listed and then merged with UltraTech.
“Post consolidation of Samruddhi and UltraTech, a cement company with a capacity of 49 million tons will be created,” Grasim's whole-time director and chief financial officer, Mr Adesh Gupta told reporters here.
India produces nearly 219 million tons of cement per annum and is the second largest producer of the building material after China.
Presently, the capacity of Grasim is 26 MT and that of UltraTech is 23 million tons. “The entire consolidation would be over in the next 8-10 months,” Mr Gupta said.
The Aditya Birla Group chairman, Mr Kumar Mangalam Birla, in a statement said: “The restructuring move is designed to ensure Grasim's majority stake in, and continued support to, the rapidly-growing cement business, while simultaneously providing Grasim shareholders direct participation in the pure-play cement company.”
Post-merger (Samruddhi and UltraTech), Grasim's holding in the consolidated entity would be somewhere between 55-65 per cent, Mr Gupta said.
“Our holding in the merged entity will be between 55 and 65 per cent as we hold 55 per cent in UltraTech Cement while post-demerger our holding in Samruddhi will be 65 per cent,” he said.
Grasim shareholders would hold 35 per cent in Samruddhi.
The demerger of Grasim Cement is likely to be completed in the last quarter of this fiscal, he said.
As a part of the restructuring exercise, Samruddhi would issue one equity share of Rs 5 each to Grasim shareholders for every share they hold in Grasim.
The advisors to Grasim's restructuring process are DSP Merrill Lynch, Enam Securities, Amarchand and Mangaldas, Suresh A Shroff and Company and Ernst and Young. PTI
Source: The Statesman
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Saturday, 12 September 09
$1.5B KALIMANTAN COAL RAIL TENDER EXPECTED BY YEAR-END
The Jakarta Globe reported that, In the second announcement on major coal-railway projects in as many days, Central Kalimantan’s top official ...
Friday, 11 September 09
INDONESIA COAL-PRICES AT $66, SUPPLIERS OFFER AT BARGAIN PRICES
Some Indonesian producers were rushing to sell coal at bargain prices to ease excess stocks and catch shipments before the Muslim Eid Al-Fitr festiv ...
Friday, 11 September 09
ALPHA NATURAL EXPECTS HIGHER MET, STEAM COAL PRICES IN 2010
Mining Weekly reported that, There are encouraging signs that metallurgical coal demand in most key global markets is either returning or poised to ...
Friday, 11 September 09
POWER SECTOR'S DEPENDENCE ON COAL TO CONTINUE
The power sector will continue to be largely dependant on coal-based thermal power plants to meet its energy needs for the next 15-20 years, Power S ...
Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
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- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- VISA Power Limited - India
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