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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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Saturday, 24 October 09
NTPC SEEKS ALTERNATE COAL SUPPLY FOR KAHALGAON
State-run NTPC is looking at alternate sources of coal to fire its Kahalgaon (Bihar) and Farakka (West Bengal) and power stations, which are facing ...
Saturday, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (ther ...
Saturday, 24 October 09
INDONESIA STATE POWER FIRM PLANS TO DELAY COAL SUPPLIES
Indonesia's state-controlled electricity company is negotiating with two coal producing firms to delay plans to supply coal to a power plant in Wes ...
Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
Reuters reported that, Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzor ...
Friday, 23 October 09
2010 WILL BE 'BRIDGE YEAR' FOR COAL - CONSOL CHIEF
Mining Weekly reported that, After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved ...
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- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
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- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
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- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
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- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
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- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Central Electricity Authority - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
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