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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, 07 December 22
INDIA'S STEEL MINISTRY SEEKS IMPORT TAX WAIVER FOR COKING COAL - SOURCES REUTERS REPORTED
India’s steel ministry has asked the finance ministry for a waiver of import tax on coking coal among a slew of raw materials, as it scramble ...
Tuesday, 06 December 22
INDIA'S COAL PRODUCTION RISES 17% IN APR-NOV PERIOD - PTI
The country’s coal production increased 17 per cent to 524.20 million tonnes in the April-November period of the ongoing fiscal.
...
Tuesday, 06 December 22
INDONESIA AIMS TO STARTS COLLECTING COAL LEVY IN Q1 2023 - MINISTER, REUTERS REPORTED
Indonesia aims to establish a coal fund agency and start collecting a coal levy in the first quarter next year, to help ensure supply security for ...
Saturday, 03 December 22
COMPLEX RUSSIAN PRICE CAP MAKES MARITIME VISIBILITY A MUST - WINDWARD
Many commentators and analysts are speculating about the potential impact the Russian seaborne oil price cap will have on organizations and entitie ...
Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
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- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- PTC India Limited - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
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