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Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
 Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatching coal next month, chairman Anil Sethi said.
SPML had acquired the PT Bism mine along with power equipment maker Emco last year for about $40 million. SPML holds 55% in the mine and Emco the rest. "The infrastructural activity at the mine was on for a year and we began mining last month," Sethi said. The mine has reserves of over 100 million tonnes. "We plan to export the coal to all across Asia, including India," he said.
The Indonesian government had last month proposed a plan to cap the export of coal at 150 million tonnes a year to meet the demand of local companies. The plan could come into force next year. "After the ban we would supply about 25-30% of the coal to local companies and export the rest," Sethi said. He added that the mine would start booking revenues next fiscal. He did not reveal how much the company expects the mine to contribute to the topline. "The market is volatile right now, so we can make a projection in a couple of months," he added.
SPML has an order-book of Rs 3,800 crore, about 60% of which comes from water contracts, 25% from infrastructure and 15% from power, which includes rural electrification, sub-stations and transmission lines. Their contribution to the topline is in a similar proportion.
"We are not very keen on rural electrification projects because of issues with villagers and panchayats," said Sethi. The share of power contracts in the order-book was 40% last year. SPML is one of the biggest companies in the water space, with projects spread across the country. SPML is also developing 42 mw of hydro power in Himachal Pradesh.
Source: DNA India
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Monday, 28 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
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- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
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- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
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- McConnell Dowell - Australia
- ICICI Bank Limited - India
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- Minerals Council of Australia
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- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
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- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
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- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Trasteel International SA, Italy
- Parry Sugars Refinery, India
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- Pendopo Energi Batubara - Indonesia
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- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
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- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
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- GVK Power & Infra Limited - India
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- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Planning Commission, India
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
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