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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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Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Planning Commission, India
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Australian Coal Association
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
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