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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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Sunday, 17 January 10
THE FUTURES FOR THREE YEARS (2010 - 2012) FIRMED UP - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market was a bit mixed with BDI up by about 159 points and closed at 3,299 points.
BDI
The cape index cont ...
Sunday, 17 January 10
NTPC TO DOUBLE CAPACITY BY 2017
NTPC, which will launch its follow-on public offer on February 3, plans to more than double its generating capacity to over 70,000 mega watts by 201 ...
Saturday, 16 January 10
HANDY CONTINUED FIRM CONDITIONS FOR MARKET IN THE ATLANTIC
HANDY
Continued firm conditions for the Handymax / Smax market in the Atlantic with the BSI having a continued upwards momentum. US$ 45,000 ac ...
Friday, 15 January 10
INDONESIA COAL - HEAVY RAINS HAVE LITTLE IMPACT ON COAL OUTPUT
Coal shipments from Indonesia's main coal-producing area are unlikely to be hit by heavy rains during January-February as many miners are prepared ...
Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion ...
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- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- The University of Queensland
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
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