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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 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
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- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
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