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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, 22 December 22
CHINA TIGHTENS VERIFICATION OF SHIPS’ ENERGY CONSUMPTION DATA - GARD
From 22 December 2022, ships trading to Chinese ports must record their energy consumption data in accordance with the requirements of their Ship E ...
Thursday, 22 December 22
AN OVERVIEW OF THE LNG MARKET - VESSELSVALUE
LNG values have continued to strengthen, spurred by skyrocketing earnings that have surpassed last year’s record breaking peaks. In November, ...
Thursday, 22 December 22
COKING COAL SLUMPS AS TALKS ON AUSTRALIA-CHINA TRADE RIFT LOOM - REUTERS
Chinese coking coal futures dropped more than 3 per cent on Tuesday (Dec 20), extending losses, as supply of the steelmaking input might increase i ...
Thursday, 22 December 22
COAL AND GAS PRICE CAPS MAY COMPOUND POLITICAL RISK FOR AUSTRALIAN CORPORATES - FITCH RATINGS
Australia’s introduction of temporary price caps on domestic sales of gas and coal used for electricity generation will probably have limited ...
Monday, 19 December 22
ENERGY CRISIS FUELS COAL COMEBACK IN GERMANY - REUTERS
Coal has made a comeback in Germany this year, as Europe’s largest economy turns to the dirty fuel to power it through an energy crisis.
...
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- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- PTC India Limited - India
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
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