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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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Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Australian Coal Association
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- The University of Queensland
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
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