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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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Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
Thursday, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
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- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
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