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Sunday, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICRA said on Thursday.
In a recent note on the primary base metal industry, ICRA said that the earnings of the industry would continue to remain under pressure in the second half of the current fiscal, following a dull performance in the first half of FY’23.
“Elevated coal costs along with metal price corrections remain the key headwinds affecting the margins, with no immediate relief in sight,” ICRA said in a statement.
On account of input cost pressures, the rating agency said it has revised its estimates of operating profitability of domestic players downward to 18 per cent in the current fiscal.
ICRA’s operating profitability forecast for domestic players is almost 3 percentage points lower compared to its earlier forecast made in September last year and 10 percentage points lower compared to FY’22.
“In FY2024, while some respite is expected from better availability of coal linkages, the profitability is expected to remain range-bound at 19-20 per cent.
“Also, our base case does not factor in any significant adverse impact of another pandemic led demand destruction in CY2023,” Jayanta Roy, Senior Vice-President and Group Head, Corporate Sector Ratings, ICRA said.
Source: PTI
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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Parliament of New Zealand
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