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Thursday, 07 July 22
COAL INDIA'S PRODUCTION SETS RECORD INCREASE OF 29% YOY AT 36 MT IN Q1FY23 - IIFL SECURITIES
Coal India Limited (CIL) has ended April-June quarter FY’23 capping a historic high of 29% yoy output growth, compared to same quarter FY’22.
According to the BSE release data, CIL produced 159.8 million tonnes (MTs) of coal as of Q1 end, which is 35.8 MTs more than the 124 MT output of April-June’22. All the coal companies of CIL have registered growth.
At around 10:16 AM, Coal India was trading at Rs183.90 per share up by Rs1.8 or 0.99% from its previous closing of Rs182.10 per share on the BSE.
“The likeness of such whopping growth was never witnessed in any Q1 since CIL’s inception. Our first quarter production surge of nearly 36 MTs surpassed the entire annual increase of 26.4 MTs of FY’22” said a senior official of the company.
Only twice before, CIL’s total yearly production was higher than what it achieved during the current year’s first quarter alone.
In its bid to achieve the fiscal’s 700 MT output target CIL began FY’23 with an asking rate of 12.4%. The steep production gain of Q1 helped the company bring down the asking growth rate to 8.3%. Increased production enables better stock build up.
Coal output for June’22 at 51.6 MTs also registered an unmatched 29% growth with volume increase of 11.5 MTs. CIL produced 40 MTs in June’21.
With the coal demand from power plants reaching a higher pitch, CIL’s supplies to power sector peaked to a new high of 153.2 MTs during the quarter registering a strong growth of 19.8%. The expansion in absolute terms was a robust 25.3 MTs over 127.9 MTs of last fiscal’s Q1.
CIL on an average supplied 1.684 MTs of coal per day to power sector during the quarter ended June’22 against requirement of 1.650 MTs per day, resulting in 102% materialization.
In June’22 supplies to coal fired plants have gone up to 1.713 MTs per day against projected requirement of 1.6 MTs resulting in 107% materialization.
CIL’s offtake to power sector, during June’22, clocked a sharp 27% growth at 51.4 MTs. This is 11 MT jump compared to 40.4 MTs in June’21. Higher supplies during the month resulted in coal stock accretion to the tune of 77,000 tons per day at power plants end.
Total coal off-take of 177.6 MTs during the quarter ended June’22 posted nearly 11% growth. Increase in absolute terms was 17.3 MTs compared to offtake of was 160.3 MTs in April-June’21.
CIL’s total off-take for June’22 clocked 15.4% growth at 59 MTs. The increase was 7.8 MTs compared to 51.2 MTs in June’21.
Source: IIFL Securities Ltd
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Wednesday, 17 August 22
CHINA'S COAL-RICH SHANXI MAKES STRIDES IN HIGH-QUALITY DEVELOPMENT - XINHUA
Shanxi, a major coal-producing province in north China, has made continuous advances in high-quality development over the past decade, according to ...
Wednesday, 17 August 22
PAXOCEAN, HONG LAM MARINE AND BUREAU VERITAS SIGN MOU TO DEVELOP AMMONIA BUNKER VESSEL DESIGN - BUREAU VERITAS
PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and class ...
Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine ...
Tuesday, 16 August 22
EU BAN ON RUSSIAN COAL IMPORTS COMES INTO FORCE - DEUTSCHE WELLE
The European Union banned Russian coal imports in response to the invasion of Ukraine as part of sanctions in April. Since then, it’s been sc ...
Thursday, 11 August 22
MARKET INSIGHT - INTERMODAL
On July 22nd, Ukraine signed a deal with Russia to release 22mn tons of grain from Ukraine’s 3 major ports (Yuzhny, Chornomorsk, Odesa). Such ...
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- CIMB Investment Bank - Malaysia
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- London Commodity Brokers - England
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
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- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
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- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
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- Edison Trading Spa - Italy
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- Timah Investasi Mineral - Indoneisa
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- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
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- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
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- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
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- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- The University of Queensland
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- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
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- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
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- Economic Council, Georgia
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- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
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- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Australian Coal Association
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
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- The Treasury - Australian Government
- Parliament of New Zealand
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- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
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- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
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- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
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- Trasteel International SA, Italy
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Marubeni Corporation - India
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