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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
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Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...
Monday, 30 November 09
INDIA UTILITIES MOVE TO COAL INDEX - PRICING
Indian state utilities are leading a switch to coal index-linked pricing from fixed prices to secure imports and to be visibly paying fair market pr ...
Monday, 30 November 09
RECAPITAL TO ACQUIRE BERAU COAL
Unlisted Indonesian coal producer Berau will redeem outstanding bonds before the acquisition by Recapital Advisers is completed by the end of this y ...
Friday, 27 November 09
IMPORTING LIGNITE INTO COAL RICH KOSOVO
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estima ...
Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal a ...
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- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Australian Coal Association
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- The University of Queensland
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
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