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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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Sunday, 03 July 22
CHINESE VICE PREMIER STRESSES CLEAN, EFFICIENT USE OF COAL - XINHUA
Chinese Vice Premier Han Zheng has stressed efforts to promote the clean and efficient use of coal, and pursue green, low-carbon and high-quality d ...
Sunday, 03 July 22
SOVEREIGN SECTOR OUTLOOK REVISED TO NEUTRAL ON UKRAINE WAR IMPACT - FITCH RATINGS
The deterioration in global sovereign credit conditions this year relative to our expectations at end-2021 has caused Fitch Ratings to change its g ...
Saturday, 02 July 22
GLOBAL SEABORNE COAL EXPORTS IN 2021 INCREASED BY 4.4% Y-O-Y TO 1147 MLN TONNES - BANCHERO COSTA
In the full 12 months of 2021, global seaborne coal exports increased by +4.4% y-o-y to 1147 mln tonnes, from 1099 mln tonnes in 2020, according to ...
Friday, 01 July 22
INDIA'S TOP CEMENT MAKER PAYING FOR RUSSIAN COAL IN CHINESE YUAN - REUTERS
India’s biggest cement producer, UltraTech Cement ULTC.NS, is importing a cargo of Russian coal and paying using Chinese yuan, according to a ...
Thursday, 30 June 22
FINANCIAL GAINS SUPPORT COAL TRANSITION - BALTIC EXCHANGE
Support for the shift away from coal dependency continues to mount, with the International Monetary Fund (IMF) calculating that the move would gene ...
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- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Planning Commission, India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
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