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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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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
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- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
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