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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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Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
Friday, 27 November 09
EXXARO SEES HIGH COAL DEMAND RAISING PRICES
Reuters reported that, South African diversified miner Exxaro Resources said on Thursday it expected coal prices to rise to between $70 and $75 per ...
Friday, 27 November 09
CENTENNIAL SAYS ENERGY-COAL PRICE TO RISE AS CHINA SEEKS FUEL
Bloomberg reported that, Centennial Coal Co., an Australian producer of the fuel, said contract prices are expected to rise in 2010, with Chinese co ...
Friday, 27 November 09
IN FIRST-10-MONTH OF 2009 COAL IMPORTS IN GUANGXI-FANGCHENG EXCEEDED FULL-2008 IMPORTS
According to Customs statistics, during the January-October, Fangcheng port accumulatively imported 3.676mln tons valuing U.S.$370, rising by 53.8% ...
Thursday, 26 November 09
CHINA'S COAL IMPORTS TO RISE BY 170 PERCENT IN 2009
According to the statistics released by China's General Administration of Customs on November 23, China's coal imports for October totaled 11.1 mi ...
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- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
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- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
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- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
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- VISA Power Limited - India
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- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
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- Interocean Group of Companies - India
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- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
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- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- White Energy Company Limited
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
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- Thai Mozambique Logistica
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- Metalloyd Limited - United Kingdom
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- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
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