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Sunday, 24 January 21
GOVT ASSURES COAL INDIA OF 'FULL SUPPORT', STRESSES ON LEARNING 'NEW THINGS' - PTI
Coal Minister Pralhad Joshi assured Coal India of full government support, even as he said the PSU needs to learn “new things” for improvement in its future prospects.
The minister, who was speaking during the launch of Enterprise Resource Planning (ERP) of Coal India Ltd (CIL), said there will be full support to the company because it is the “backbone of the country”.
“But having said that the improvement is a continuous process, learning is a continuous process….let us learn new things, new ideas, new approach, and new goal. And in this, the image of coal (sector), Coal India needs to be changed. We have to change the image of Coal India,” Joshi stressed.
The ERP of CIL will help improve business performance and growth of the company with enhanced data integrity.
Stating that one and two subsidiaries of CIL were doing very good work, the minister said that other arms of the PSU should also learn from them.
“Implementation of ERP will help CIL in real-time decision making, improving efficiency and reducing costs. It will empower CIL to achieve 1 billion tonne coal production by FY 2023-24 and make it one of the most efficient mining companies in today’s dynamic and ever-changing energy scenario,” Joshi said.
Coal India accounts for over 80% of domestic coal output.
ERP in Coal India will be implemented in two phases. The first phase launched on Thursday covers operations of CIL headquarters and its two subsidiaries Western Coalfields Ltd (WCL) and Mahanadi Coalfields Ltd (MCL).
The second phase will cover rest six subsidiaries and will be made operational by August this year.
The minister also presented ‘Coal Minister’s Award’ to three coal companies of Coal India Ltd – Northern Coalfields Ltd (NCL), Central Coalfields Ltd (CCL) and WCL in a function held here.
The award has been instituted to promote best and sustainable practices for coal mining in the country.
The minister inaugurated a new Coal Handling Plant (CHP) at Krishnashila Coal Project of NCL via video conferencing. Having four million tonnes per annum (MTPA) coal handing capacity, this state of the art CHP will transport coal through conveyor belts and Rapid Loading system to Anpara Thermal Power Station (ATPS) of Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd and Renusagar Power Division of Hindalco.
CHP is part of CIL’s 35 First Mile Connectivity (FMC) projects with over 400 MTPA capacity that the company aims to complete by FY’24 with a whopping investment of ₹12,500 crore.
Coal Secretary Anil Kumar Jain, CIL Chairman Pramod Agarwal, NCL CMD P K Sinha, CCL CMD P M Prasad, WCL CMD Manoj Kumar and other dignitaries were also present during the function.
Source: PTI
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Thursday, 21 January 21
LNG MARKET RIDING HIGH, BUT WILL THE GAINS CONTINUE? - DREWRY
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due ...
Thursday, 21 January 21
CHINA'S SPOT THERMAL COAL PRICES REFRESH RECORD HIGH - MYSTEEL
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the count ...
Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says.
...
Wednesday, 20 January 21
MARKET INSIGHT - INTERMODAL
While 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to even s ...
Saturday, 16 January 21
SEABORNE TRADE IN STEAM COAL DECREASED BY 11.6% FROM 937 MILLION TONNES IN 2019 TO 828 MILLION TONNES IN 2020 - COAL IMPORTERS ASSOCIATION, GERMANY
According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), global hard coal production dec ...
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- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- The University of Queensland
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
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