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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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Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
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- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- MS Steel International - UAE
- Parliament of New Zealand
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
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