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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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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Dalmia Cement Bharat India
- PTC India Limited - India
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- White Energy Company Limited
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
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