We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
 Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward revision of coal prices by government-owned Coal India Limited (CIL), which took place last week, is likely to have a divergent impact on the fossil fuel’s primary consumers such as cement, power and steel sectors. While cement makers’ margins will be under pressure, power producers will make a move to pass on the increased burden to consumers.The three sectors account for about 72 per cent of the total coal demand in the country.
On October 16, CIL increased the price of coal from Eastern Coalfields (ECL) and Bharat Coking Coal (BCCL) by 15 per cent, while all other subsidiary companies were permitted a hike of 10 per cent. This price increase is expected to swell CIL’s net profit by approximately Rs 2,000 crore this financial year and by about Rs 4,100 crore in the following year.
However, for the consuming sectors, especially the cement industry, the increase in coal prices will squeeze profit margins at a time when prices are already low due to rapid capacity augmentation.
Despite the fact that coal accounted for around two-thirds of the power and fuel cost, and 20 per cent of the total cost for cement manufacturers, firms would be unable to pass on the hike in coal prices to end users due to the current business environment, a report by Crisil Research suggested.
“The recent coal price hike will increase the cost of cement by Rs 3-4 a bag. However, this has been absorbed by manufacturers in the short-term. In the long run, though, if conditions are right, we could pass on the cost,” Cement Manufacturers Association President and Shree Cement Managing Director HM Bangur said. For the power sector, though, the impact of the upward revision of coal prices would be neutral, as the rise in cost of fuel would be passed on by the generators.
On an average, tariffs of power plants using domestic coal as fuel are expected to increase by 3-4 per cent. In rupee terms, the tariffs are expected to increase on an average by Rs 0.06 a unit. The rise is expected to increase the tariffs for final power consumers as the price hike will be passed on, the Crisil report further stated.
With the respective regulatory authorities of each state overseeing power tariffs, generators would first have to ascertain the increase in input costs and then approach the regulator for approval.
However, with the coal mixture of each generator differing, the choice being between CIL coal and that of the imported variety, it would take sometime before power utilities decide on the actual magnitude of the increase in tariff. “But 100 per cent, we will have to pass on the cost,” an official from the RPG’s power utility CESC said.
As for the steel industry, the Crisil report indicated that the coal price hike by CIL was not expected to have a significant impact on the steel industry as non-coking coal, which was primarily used by the sector, did not account for a significant portion of the total cost of steel manufacturing, except for steel made through the sponge iron route. Moreover, the dependence of domestic steel producers on CIL is only 25-35 per cent of their total requirement due to the availability of captive mines and imports. But Visa Steel Chairman and President of the Indian Chamber of Commerce Vishambhar Saran said the ex-pit head prices of CIL were already comparable to international prices, barring the freight factor cost. “The cost of setting-up a plant is higher if one is to use domestically available coal as compared to imported coal. This is because the former is of inferior quality and consequently extra costs such as ash disposal must be counted into the total project cost,” he added.
Source: Business-Standard
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
|
|
|
Showing 6316 to 6320 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
|
| |
| |
|
