COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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 ...


   1212 1213 1214 1215 1216   
Showing 6066 to 6070 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Videocon Industries ltd - India
  • TRAFIGURA, South Korea
  • Rudhra Energy - India
  • Ministry of Mines - Canada
  • Orica Mining Services - Indonesia
  • Cardiff University - UK
  • Humpuss - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Pinang Coal Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Barclays Capital - USA
  • Indogreen Group - Indonesia
  • PNOC Exploration Corporation - Philippines
  • ACC Limited - India
  • 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
  • Ince & co LLP
  • Coal and Oil Company - UAE
  • RBS Sempra - UK
  • Chettinad Cement Corporation Ltd - India
  • Platts
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Kartika Selabumi Mining - Indonesia
  • India Bulls Power Limited - India
  • Indian Oil Corporation Limited
  • Star Paper Mills Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Kepco SPC Power Corporation, Philippines
  • Maersk Broker
  • EMO - The Netherlands
  • Ceylon Electricity Board - Sri Lanka
  • Gujarat Sidhee Cement - India
  • KEPCO - South Korea
  • Directorate Of Revenue Intelligence - India
  • Runge Indonesia
  • Indonesia Power. PT
  • San Jose City I Power Corp, Philippines
  • Eastern Coal Council - USA
  • Inspectorate - India
  • Standard Chartered Bank - UAE
  • Sical Logistics Limited - India
  • SMG Consultants - Indonesia
  • Jindal Steel & Power Ltd - India
  • Electricity Generating Authority of Thailand
  • Independent Power Producers Association of India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Pipit Mutiara Jaya. PT, Indonesia
  • Deloitte Consulting - India
  • SGS (Thailand) Limited
  • Lafarge - France
  • Jaiprakash Power Ventures ltd
  • Toyota Tsusho Corporation, Japan
  • Indian Energy Exchange, India
  • Lanco Infratech Ltd - India
  • New Zealand Coal & Carbon
  • Karaikal Port Pvt Ltd - India
  • Posco Energy - South Korea
  • Berau Coal - Indonesia
  • Parliament of New Zealand
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Vizag Seaport Private Limited - India
  • Carbofer General Trading SA - India
  • KPCL - India
  • CNBM International Corporation - China
  • Infraline Energy - India
  • Krishnapatnam Port Company Ltd. - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Petron Corporation, Philippines
  • PTC India Limited - India
  • Aboitiz Power Corporation - Philippines
  • Antam Resourcindo - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • World Coal - UK
  • SN Aboitiz Power Inc, Philippines
  • GAC Shipping (India) Pvt Ltd
  • Gupta Coal India Ltd
  • Metalloyd Limited - United Kingdom
  • PLN - Indonesia
  • GMR Energy Limited - India
  • VISA Power Limited - India
  • NALCO India
  • Total Coal South Africa
  • Semirara Mining Corp, Philippines
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • McKinsey & Co - India
  • The Treasury - Australian Government
  • Kobe Steel Ltd - Japan
  • Minerals Council of Australia
  • Maybank - Singapore
  • BNP Paribas - Singapore
  • Tata Power - India
  • Energy Link Ltd, New Zealand
  • Maruti Cements - India
  • JPMorgan - India
  • AsiaOL BioFuels Corp., Philippines
  • South Luzon Thermal Energy Corporation
  • Bhushan Steel Limited - India
  • Edison Trading Spa - Italy
  • Sarangani Energy Corporation, Philippines
  • Platou - Singapore
  • Mechel - Russia
  • Rio Tinto Coal - Australia
  • Eastern Energy - Thailand
  • Shenhua Group - China
  • Inco-Indonesia
  • OPG Power Generation Pvt Ltd - India
  • CCIC - Indonesia
  • GNFC Limited - India
  • Petrosea - Indonesia
  • Surastha Cement
  • Alfred C Toepfer International GmbH - Germany
  • TNB Fuel Sdn Bhd - Malaysia
  • Madhucon Powers Ltd - India
  • TANGEDCO India
  • KOWEPO - South Korea
  • Energy Development Corp, Philippines
  • MS Steel International - UAE
  • Merrill Lynch Bank
  • Siam City Cement PLC, Thailand
  • Wilmar Investment Holdings
  • IOL Indonesia
  • Core Mineral Indonesia
  • Savvy Resources Ltd - HongKong
  • ASAPP Information Group - India
  • Wood Mackenzie - Singapore
  • Jatenergy - Australia
  • Port Waratah Coal Services - Australia
  • Larsen & Toubro Limited - India
  • J M Baxi & Co - India
  • IEA Clean Coal Centre - UK
  • Gujarat Mineral Development Corp Ltd - India
  • Bhoruka Overseas - Indonesia
  • Kumho Petrochemical, South Korea
  • Kideco Jaya Agung - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Salva Resources Pvt Ltd - India
  • Arutmin Indonesia
  • Xstrata Coal
  • Iligan Light & Power Inc, Philippines
  • Binh Thuan Hamico - Vietnam
  • Barasentosa Lestari - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Indian School of Mines
  • Asian Development Bank
  • Interocean Group of Companies - India
  • Semirara Mining and Power Corporation, Philippines
  • CoalTek, United States
  • Vitol - Bahrain
  • Kapuas Tunggal Persada - Indonesia
  • UOB Asia (HK) Ltd
  • Medco Energi Mining Internasional
  • OCBC - Singapore
  • Reliance Power - India
  • TeaM Sual Corporation - Philippines
  • ICICI Bank Limited - India
  • Marubeni Corporation - India
  • Gresik Semen - Indonesia
  • 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
  • MEC Coal - Indonesia
  • IBC Asia (S) Pte Ltd
  • White Energy Company Limited
  • HSBC - Hong Kong
  • Kohat Cement Company Ltd. - Pakistan
  • Karbindo Abesyapradhi - Indoneisa
  • Thailand Anthracite
  • Attock Cement Pakistan Limited
  • Mjunction Services Limited - India
  • ETA - Dubai
  • Formosa Plastics Group - Taiwan
  • Asia Cement - Taiwan
  • Borneo Indobara - Indonesia
  • Arch Coal - USA
  • Russian Coal LLC
  • Bank of China, Malaysia
  • Uttam Galva Steels Limited - India
  • Oldendorff Carriers - Singapore
  • Miang Besar Coal Terminal - Indonesia
  • Heidelberg Cement - Germany
  • Qatrana Cement - Jordan
  • Thriveni
  • SUEK AG - Indonesia
  • Therma Luzon, Inc, Philippines
  • Malco - India
  • Sinarmas Energy and Mining - Indonesia
  • Indorama - Singapore
  • Ernst & Young Pvt. Ltd.
  • ING Bank NV - Singapore
  • Cosco
  • Ministry of Finance - Indonesia
  • Bhatia International Limited - India
  • Latin American Coal - Colombia
  • Permata Bank - Indonesia
  • Ambuja Cements Ltd - India
  • NTPC Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Coal Orbis AG
  • Maheswari Brothers Coal Limited - India
  • Mitsubishi Corporation
  • Manunggal Multi Energi - Indonesia
  • Coal India Limited
  • The India Cements Ltd
  • London Commodity Brokers - England
  • Adaro Indonesia
  • World Bank
  • Mercuria Energy - Indonesia
  • Glencore India Pvt. Ltd
  • Global Business Power Corporation, Philippines
  • Globalindo Alam Lestari - Indonesia
  • globalCOAL - UK
  • Baramulti Group, Indonesia
  • Thomson Reuters GRC
  • Tamil Nadu electricity Board
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Grasim Industreis Ltd - India
  • Africa Commodities Group - South Africa
  • Mitra SK Pvt Ltd - India
  • EIA - United States
  • Argus Media - Singapore
  • Renaissance Capital - South Africa
  • PetroVietnam
  • Bukit Baiduri Energy - Indonesia
  • TNPL - India
  • Trasteel International SA, Italy
  • Clarksons - UK
  • APGENCO India
  • Billiton Holdings Pty Ltd - Australia
  • McConnell Dowell - Australia
  • Merrill Lynch Commodities Europe
  • Romanian Commodities Exchange
  • Sakthi Sugars Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Simpson Spence & Young - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • DBS Bank - Singapore
  • Bayan Resources Tbk. - Indonesia
  • Tata Chemicals Ltd - India
  • Panama Canal Authority
  • Moodys - Singapore
  • Kaltim Prima Coal - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Agrawal Coal Company - India
  • Makarim & Taira - Indonesia
  • TGV SRAAC LIMITED, India
  • IMC Shipping - Singapore
  • Cemex - Philippines
  • Deutsche Bank - India
  • Enel Italy
  • bp singapore
  • Malabar Cements Ltd - India
  • Kobexindo Tractors - Indoneisa
  • Meralco Power Generation, Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • Indonesian Coal Mining Association
  • Thermax Limited - India
  • Central Electricity Authority - India
  • Mintek Dendrill Indonesia
  • Australian Commodity Traders Exchange
  • Mitsui
  • Dalmia Cement Bharat India
  • Freeport Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Geoservices-GeoAssay Lab
  • GHCL Limited - India
  • JPower - Japan
  • U S Energy Resources
  • Singapore Mercantile Exchange
  • Mercator Lines Limited - India
  • CESC Limited - India
  • BRS Brokers - Singapore
  • Intertek Mineral Services - Indonesia
  • PowerSource Philippines DevCo
  • UBS Singapore
  • Britmindo - Indonesia
  • Banpu Public Company Limited - Thailand
  • Noble Europe Ltd - UK
  • SMC Global Power, Philippines
  • Bharathi Cement Corporation - India
  • ANZ Bank - Australia
  • Cement Manufacturers Association - India
  • Samsung - South Korea
  • Meenaskhi Energy Private Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Bank of America
  • Indika Energy - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Adani Power Ltd - India
  • Riau Bara Harum - Indonesia
  • Power Finance Corporation Ltd., India
  • Electricity Authority, New Zealand
  • Cargill India Pvt Ltd
  • SRK Consulting
  • Sindya Power Generating Company Private Ltd
  • Coalindo Energy - Indonesia
  • Georgia Ports Authority, United States
  • Japan Coal Energy Center
  • Bangladesh Power Developement Board
  • GB Group - China
  • Idemitsu - Japan
  • PLN Batubara - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Price Waterhouse Coopers - Russia
  • Cebu Energy, Philippines
  • Coastal Gujarat Power Limited - India
  • The University of Queensland
  • Shree Cement - India
  • Coaltrans Conferences
  • Planning Commission, India
  • Samtan Co., Ltd - South Korea
  • Vale Mozambique
  • Peabody Energy - USA
  • International Coal Ventures Pvt Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Bangkok Bank PCL
  • 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
  • Sucofindo - Indonesia
  • Coeclerici Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Ministry of Transport, Egypt
  • Siam City Cement - Thailand
  • Credit Suisse - India
  • Asmin Koalindo Tuhup - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Bukit Makmur.PT - Indonesia
  • KPMG - USA
  • SASOL - South Africa
  • Altura Mining Limited, Indonesia
  • Orica Australia Pty. Ltd.
  • WorleyParsons
  • Xindia Steels Limited - India
  • Indo Tambangraya Megah - Indonesia
  • Parry Sugars Refinery, India
  • Leighton Contractors Pty Ltd - Australia
  • Australian Coal Association
  • Central Java Power - Indonesia
  • Chamber of Mines of South Africa
  • Tanito Harum - Indonesia
  • Economic Council, Georgia
  • Fearnleys - India