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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, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
...
Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
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- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
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- Power Finance Corporation Ltd., India
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- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
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- Bulk Trading Sa - Switzerland
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- Vedanta Resources Plc - India
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- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
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- Coalindo Energy - Indonesia
- The University of Queensland
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- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
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- Global Business Power Corporation, Philippines
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- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
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- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
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- Bahari Cakrawala Sebuku - Indonesia
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- GVK Power & Infra Limited - India
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- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
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- Formosa Plastics Group - Taiwan
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- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
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- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
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- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
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- South Luzon Thermal Energy Corporation
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- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
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- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
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- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
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- Malabar Cements Ltd - India
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- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
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- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
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