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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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Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
Thursday, 22 December 22
RUSSIAN OIL EXPORTS CRATER BY 54% IN THE FIRST FULL WEEK OF THE EU'S EMBARGO AMID A SHORTAGE OF TANKERS WILLING TO CARRY CARGOES - BUSINESS INSIDER
Since the European Union imposed its seaborne crude sanctions, Russian oil exports have tumbled by more than half, according to data compiled by Bl ...
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- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Bhatia International Limited - India
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
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