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Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
 Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedanta Resources Plc, controlled by Anil Agarwal, looks set to enter the ports business after submitting the best bid in the tender to upgrade and mechanize a general cargo berth to handle coking coal and steam coal at the Union government-owned port at Visakhapatnam, or Vizag, in Andhra Pradesh.
The price bid for the Rs 600 crore (US$ 130,420,614) project with a capacity to handle 10.18 million tonnes (mt) of coking and steam coal was opened on Monday.
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“Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract”
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The London Metal Exchange-listed Vedanta Resources is Agarwal’s holding company and owns controlling stakes in Sterlite Industries India Ltd, Hindustan Zinc Ltd, Sesa Goa Ltd, Vedanta Aluminium Ltd and Konkola Copper Mines Plc in Zambia.
Vedanta, which bid for the project with Leighton Contractors (India) Pvt. Ltd, quoted a revenue share of 38.1% to win the 30-year contract, said an official at Vizag port who did not want to be named as the process wasn’t complete. The board of Vizag port will meet in the next few days to approve the bid, the port official said.
The bidder willing to share the highest percentage of annual revenue with the government-owned port will be given the contract, according to rules for the award of public-private partnership projects auctioned by the Union government in the sector.
The Tariff Authority for Major Ports, the tariff regulator for 11 of the 12 Central government ports such as Vizag, has approved a coal-handling rate of Rs 131.94 (US$ 2.86) per tonne at the new berth. Vedanta’s quote would mean it will share Rs 50.26 (US$ 1.09) of the revenue earned from handling each tonne of cargo.
Vedanta could not be immediately reached for comment.
Mundra Port and Special Economic Zone Ltd, which runs India’s biggest private port at Mundra in Gujarat, quoted 32.09%. A consortium comprising IL&FS Maritime Infrastructure Co. Ltd and ABG Ports Ltd quoted a revenue share of 31.97%. Others in the race for the project were Gammon Infrastructure Projects Ltd and Vadinar Oil Terminals Ltd. Larsen and Toubro Ltd, another shortlisted bidder, backed out without bidding.
“It is a very aggressive bid,” said a rival executive, who asked not to be identified.
Besides this deal, Vedanta is one of the shortlisted bidders for a Rs 1,407 crore (US$ 305,836,340) container terminal at the Union government-owned Ennore port in Tamil Nadu. The group has also filed a so-called expression of interest to develop and operate a Rs 6,700 crore (US$ 1,456,363,525) container terminal at Jawaharlal Nehru Port, India’s busiest container port, near Mumbai.
Apart from ports, Agarwal last year announced his intention to enter the steel business with a partner. The group also has plans to build power plants that can produce 11,000MW of electricity with an investment of some Rs 45,000 crore (US$ 9,781,546,068).
The Union government controls a dozen big ports that together handled 530.53 mt of cargo in the year ended March, accounting for some 72% of India’s external trade shipped by the sea route.
The government plans to double the cargo handling capacity of the 12 ports to 1,016 mt by 2012 from 574.77 mt as economic growth strains existing facilities.
The additional 442 mt capacity will require an investment of close to Rs 55,804 crore (US$ 12,129,986,595) , out of which Rs 36,868 crore (US$ 8,013,912,009) will come from the private sector and the balance from the internal resources of the ports and government budgetary support, according to the shipping ministry. (1 USD = 46.0050 INR)
Source: Livemint
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Tuesday, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...
Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...
Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block.
The nation of India.
India is emerging as a major re-shaping force for ...
Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...
Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...
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Showing 5916 to 5920 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Australian Coal Association
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- MS Steel International - UAE
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- The University of Queensland
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
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