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Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
The state-run miner posted a consolidated net profit of 68 billion rupees ($816.3 million) for the quarter ended Sept. 30, up 12.5% from last year.
It also beat analysts’ estimate of 63.70 billion rupees, as per LSEG data.
Power demand in India, which usually peaks in May due to extreme summer heat, remained high in the reporting quarter due to unusually dry weather and higher economic activity, amid a drop in hydroelectric output.
The country’s power demand hit a high of 241 gigwatts (GW) in the second quarter, surpassing the Central Electricity Authority’s target of 230 GW for fiscal 2024 as hydropower generation fell 11% due to reduced rainfall caused by El Nino, Elara Capital said in a note.
Thermal power – derived from burning fuels such as coal – had to fill the gap as nearly 75% of India’s power generation comes from the fossil fuel.
Coal India’s revenue grew 9.8% to 327.76 billion rupees, also beating the estimates, as production of raw coal jumped 13.1%. Analysts had expected a revenue of 323.66 billion rupees.
Total expenses grew 9.4% to 260 billion rupeeson the back of higher employee and contractual expenses. However, its raw materials cost fell 15.1%.
The company also declared its first interim dividend of 15.25 rupees per share for the ongoing financial year.
In May, Coal India had raised prices of non-coking coal by 8% for high grades, which it said would add an extra revenue of 27.03 billion rupees in the balance of the fiscal.
Source: Reuters
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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- White Energy Company Limited
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
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