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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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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
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- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- The University of Queensland
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
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