We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
 Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as December to help fund spending on roads and education and rein in the fiscal deficit.
“We will do it by December or January,” Power Secretary H.S. Brahma said by telephone in New Delhi yesterday, after the Cabinet approved the plan to sell the stake in the state-owned utility. “We will take a decision on the timing of the sale in a few days.” Brahma is the top bureaucrat in the power ministry.
Prime Minister Manmohan Singh is taking advantage of an 80 percent gain in India’s benchmark stock index this year to sell stakes in state-owned companies. The government has raised about 42 billion rupees ($913 million) since April 1 by selling shares in NHPC Ltd. and Oil India Ltd. The NTPC sale may yield 88 billion rupees, according to Bloomberg calculations based on its Oct. 17 closing price that valued the New Delhi-based utility at $38 billion.
“This should help a little in narrowing India’s fiscal deficit,” Viswanathan Vasudevan, a Singapore-based fund manager at Aquarius Investment Advisors Pte., said by telephone today. “The government needs to continue with its theme of disinvestment since the deficit is quite large.”
India plans to borrow a record 4.41 trillion rupees in the year ending March 31, widening the budget deficit to a 16-year high of 6.8 percent of gross domestic product, from 6 percent in the previous year.
NTPC has climbed 18 percent in Mumbai trading this year, lagging behind the Bombay Stock Exchange’s Sensitive Index and a 90 percent surge in rival Tata Power Co. The stock fell 0.6 percent to 213.60 rupees on Oct. 17 when the market traded in a special truncated session on Diwali, the festival of lights that marks the start of the Hindu new year.
Government Equity
The government’s equity in NTPC will fall to 84.5 percent after the sale from 89.5 percent. Part of the shares will be offered to NTPC employees, Commerce and Industry Minister Anand Sharma said yesterday, without elaborating on the timing.
“It is expected that the market capitalization of NTPC would be higher and it would help the company to raise resources in the international market on competitive terms,” the government said in a statement after a meeting of the federal cabinet in New Delhi yesterday.
NTPC plans to spend 177 billion rupees to increase its generation capacity by about 10 percent in the financial year ending March 31. The utility said last month it was evaluating an offer to buy a South African coal mine and is considering a coal- mine purchase in Indonesia to help secure fuel supplies.
The government sold a 5 percent holding in NHPC to the public for 20 billion rupees in August, while state-run refiners bought 10 percent in Oil India from the state for about 22 billion rupees the following month.
India should aim to raise as much as 250 billion rupees a year from asset sales, the finance ministry said in a July 2 report. Proceeds from the sale of the government’s stake in state-owned companies go to a separate fund meant for social- sector spending, including job creation and improving health care and education.
Source:Bloomberg
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based d ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
|
|
|
Showing 6191 to 6195 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Coal and Oil Company - UAE
|
| |
| |
|
