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Monday, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production.
Net income in the three months ended March 31 was a provisional 17.4 billion rupees ($345 million), Chairman R.S. Sharma said in New Delhi today. That compares with 13.4 billion rupees a year earlier.
Higher earnings will help NTPC almost double generation capacity by 2012 to meet energy demand and end blackouts in the world’s second fastest-growing major economy. The company’s shares have risen 57 percent from a 52-week low on Oct. 27, compared with a 26 percent gain in the benchmark Bombay Stock Exchange Sensitive Index.
“NTPC’s profits may rise between 5 percent and 7 percent this year on additional capacity and new regulation that allows it higher returns,” said Abhineet Anand, an analyst at Antique Stock Broking Ltd.
The Central Electricity Regulatory Commission allowed generators a higher rate of return on equity investments in the year that started April 1. The rate was increased to 15.5 percent from 14 percent, the power sector regulator said Jan. 20.
NTPC commissioned 1,000 megawatts and expanded commercial capacity by 2,000 megawatts in the year to March, Sharma said. This year, NTPC plans to commission 3,300 megawatts.
“Incremental capacity may only come toward the end of the year,” Anand said.
Installed Capacity
Installed capacity, including that of joint ventures, stood at 30,144 megawatts on March 31, Sharma said. Capacity in the year ended March 2008 was 29,394 megawatts, according to the utility’s annual report.
“Our profit rose in the fourth quarter because of higher efficiency,” director of finance A.K. Singhal said. “Our plant load factor rose 6 percent.” He didn’t provide more details.
NTPC plans to import 12.5 million metric tons of thermal coal this year to help meet a shortfall in fuel requirements and expects to produce 15 million tons of coal a year locally by March 2012.
“We are starting coal production soon,” Sharma said. “That will help us substantially reduce our imports.”
The company plans to spend 177 billion rupees on expansion this financial year and may raise 113 billion rupees in loans, Singhal said.
Generation capacity may climb to 50,000 megawatts by 2012 and 75,000 megawatts by 2017, Sharma said Sept. 17. The company aims to help cut peak-hour power shortages in India, which stood at a provisional 13.8 percent in the 11 months to February, according to the Central Electricity Authority.
Profit for the year ended March 31 rose 5.6 percent to 78.27 billion rupees while net sales rose to 421.82 billion rupees, the utility said in a statement in New Delhi. The figures are provisional and haven’t been audited, NTPC said.
Sales in the fourth quarter were 118 billion rupees, Singhal said.
NTPC shares rose 6.7 percent to close at 196.9 rupees in Mumbai trading, the biggest gain since Jan. 16.
Source: http://www.bloomberg.com/apps/news?pid=20601091&sid=aSlDisAMXnnA&refer=india
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Sunday, 08 March 09
AUSTRALIA'S FELIX STUDYING COAL ACQUISITIONS IN INDIA, INDONESIA
Bloomberg reported that, Felix Resources Ltd., an Australian supplier of coal to Korea and Japan, is studying acquisitions of energy coal assets in ...
Saturday, 07 March 09
THERMAL COAL PRICES MAY DROP, STANDARD CHARTERED SAYS
Bloomberg reported that, Coal prices may decline as a slump in demand for the fuel outpaces cuts in production, Standard Chartered Plc said.
Exp ...
Friday, 06 March 09
STRAITS ASIA EYES 3RD MINE
Straitstimes reported that, Mining company Straits Asia Resources is on an expansion trail to more than double its output by 2012.
Amid the econo ...
Friday, 06 March 09
INDONESIA MAY MISS 2009 COAL OUTPUT TARGET-OFFICIAL
Indonesia, the world's top thermal coal exporter, may fail to achieve its coal production target this year as the global economic crisis dents dema ...
Friday, 06 March 09
POWER FIRMS HEAD TO INDONESIA FOR COAL
The Hindu Businessline reported that, The enactment of a new, more liberal, mining legislation in Indonesia is drawing coal-starved Indian power uti ...
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- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- The University of Queensland
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- PTC India Limited - India
- Parliament of New Zealand
- Australian Coal Association
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
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