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Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18’s Sajeet Manghat reports.
As part of its mega acquisition plans, ETHL Communication, the group’s holding company for telecom services, will make equity investments of nearly USD 1 billion in its Mauritius subsidiary, which would invest these proceeds for various group acquisitions. ETHL Communication had raised Rs 4,500 crore via a debenture issue in January 2010.
The company will use proceeds for acquisitions of coal, steel, telecom and refining assets. As part of its acquisition targets, Essar will:
— Acquire Shell’s refining assets for up to USD 975 million.
— Acquire 78.84% stake in a South African coal mining company for USD 150 million.
— Acquire 100% in an Indonesian company having rights to thermal exploration coal blocks for USD 110-120 million excluding USD 40 million capex.
— Acquire 100% in a UK company with coal assets for USD 330 million. The company has coal assets in Australia.
— Acquire 100% in a company owning metallurgical coal in the US for USD 225 million.
— Acquire at least 51% in telecoms in Uganda and Congo for up to USD 200 million.
Additionally, Essar plans to invest an additional USD 1 billion in its US subsidiary Essar Steel Minnesota to set up a new iron ore pellet plant. The group will also invest up to USD 500 million in setting up steel services centres globally.
The Essar Group has either signed term sheets or advance negotiations for these assets.
Source: Money Control
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Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
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- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- The University of Queensland
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
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