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Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 10,000 crore (US$ 2,173,913,043) in West Bengal through a joint venture with group company JSW Bengal Steel.
The company’s board today approved the floating of an overseas subsidiary for the investment abroad. The company also announced a profit after tax of Rs 205 crore (US$ 44,565,217) for the quarter ended December 31, about 73 per cent more than the Rs 118.5 crore (US$ 25,760,869) net profit posted in the corresponding period last year. Total income for the period was Rs 712.4 crore (US$ 154,869,565), about the same as the corresponding period revenues of Rs 711 crore (US$ 154,565,217) last year.
The better performance was mainly on account of enhanced generation from capacity additions, sales and less fuel costs.
JSW Energy, which debuted on the stock exchanges in the first week of January, had earlier contracted coal from Indonesia to fuel its power projects.
The company will form a special purpose vehicle (SPV) with group company JSW Bengal Steel to set up a 1,600-Mw (2x800 Mw) power plant at Ichhapur in West Bengal.
JSW Energy will hold 74 per cent in the SPV and JSW Bengal Steel the balance 26 per cent. The SPV will develop the power project and captive coal mines in Ichhapur at an estimated cost of Rs 7,680 crore (US$ 1,669,565,217) and Rs 2,000 crore (US$ 434,782,608), respectively. The project is proposed to be financed with a debt equity ratio of 3:1. The steel producer will buy 51 per cent of the power produced from this unit and the rest will be up for sale, said the release.
Share prices of the company fell 2.33 per cent on the Bombay Stock Exchange today, to close at Rs 112.95 (US$ 2.45543) per share. (1 USD = 46.0000 INR)
Source: Business-Standard
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Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
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- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- VISA Power Limited - India
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- White Energy Company Limited
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- ASAPP Information Group - India
- The University of Queensland
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