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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, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- White Energy Company Limited
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
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