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Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said here Friday.
The government, which holds 100 percent stake in CIL, will divest 10 percent through an initial public offer (IPO) of 63.1 crore (63 million) shares, Bhattacharyya told reporters on the sidelines of the 20th Asian Corporate Conference organised by industry lobby CII.
The company will reserve 6.3 crore (63 million) shares for its employees.
“We hope to file the draft red herring prospectus for the issue with Securities Exchange Board of India by mid-June post our annual general meeting,” Bhattacharyya said.
Bhattacharyya added that the company’s net profit would be around $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
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- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
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- Maharashtra Electricity Regulatory Commission - India
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- MS Steel International - UAE
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- Africa Commodities Group - South Africa
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- The University of Queensland
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- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
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- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
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- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
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- Australian Coal Association
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- Independent Power Producers Association of India
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- Economic Council, Georgia
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- Marubeni Corporation - India
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- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
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- Thiess Contractors Indonesia
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- CNBM International Corporation - China
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- Malabar Cements Ltd - India
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- Dalmia Cement Bharat India
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- Price Waterhouse Coopers - Russia
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- Holcim Trading Pte Ltd - Singapore
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- Bangladesh Power Developement Board
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- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
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- Interocean Group of Companies - India
- SMG Consultants - Indonesia
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- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
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- Eastern Coal Council - USA
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- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- White Energy Company Limited
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- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
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- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
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- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
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- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
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- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
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