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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, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
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- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- White Energy Company Limited
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
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