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

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 ...


   1215 1216 1217 1218 1219   
Showing 6081 to 6085 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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