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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, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- VISA Power Limited - India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
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