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Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja told PTI.
Binani Cement, which has 6 million tonnes installed capacity now, needs to import 6-7 lakh tonnes of coal to feed its plants in a year.
The company also plans to put up a 2.5 million tonnes per annum clicker plant in Gujarat with an investment of Rs 800 crore and is awaiting for the state government's mining policy to take the plan forward.
Juneja said the company was looking to acquire a mine, which might meet 70-80 per cent of its total coal demand for 10-20 years.
Binani Cement plans to put up a subsidiary in Singapore which would take the company's acquisition plan forward, he said.
Juneja said the company has chalked out a plan to double its cement capacity in the next two years through organic and inorganic routes.
"We are looking for acquisition. We have appointed an investment banker which is doing the due diligence for a target in Turkey," Juneja said, declining to give further details.
Juneja said the Indian cement industry may is witness margins getting squeezed if the coal and energy prices go up further.
"Margins till September has improved, but it will come down if coal and energy prices escalate. However, if petroleum prices go up, coal prices will also increase."
Binani's current capacity utilisation stood at 95 per cent, he said and hoped the company would be able to maintain the tempo in the remaining period of the current fiscal as the demand for cement from North India would remain firm till the end of the Commonwealth Games in October next year.
Source: Business-Standard
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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 ...
Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
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- Alfred C Toepfer International GmbH - Germany
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- Billiton Holdings Pty Ltd - Australia
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- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
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- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
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- Electricity Authority, New Zealand
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- Sojitz Corporation - Japan
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- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Goldman Sachs - Singapore
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- Economic Council, Georgia
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- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
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- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
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- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
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- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Australian Coal Association
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
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- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Parliament of New Zealand
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- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
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- VISA Power Limited - India
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- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Planning Commission, India
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- Attock Cement Pakistan Limited
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
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- Ambuja Cements Ltd - India
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- Chamber of Mines of South Africa
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- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Bharathi Cement Corporation - India
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