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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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Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
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- Videocon Industries ltd - India
- Ministry of Mines - Canada
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- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
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- India Bulls Power Limited - India
- Indian Oil Corporation Limited
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- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
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- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Parliament of New Zealand
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- CNBM International Corporation - China
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- PTC India Limited - India
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- Antam Resourcindo - Indonesia
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- SN Aboitiz Power Inc, Philippines
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- Metalloyd Limited - United Kingdom
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Minerals Council of Australia
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- AsiaOL BioFuels Corp., Philippines
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- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
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- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
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- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
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- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
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- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
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- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
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- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
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- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
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- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
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- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
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- The University of Queensland
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
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- Asmin Koalindo Tuhup - Indonesia
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- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Economic Council, Georgia
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