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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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- Chettinad Cement Corporation Ltd - India
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- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
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- Mercator Lines Limited - India
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- Coal and Oil Company - UAE
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- Merrill Lynch Commodities Europe
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- Larsen & Toubro Limited - India
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- Energy Development Corp, Philippines
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- Ceylon Electricity Board - Sri Lanka
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- Latin American Coal - Colombia
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- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
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- Thai Mozambique Logistica
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- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Minerals Council of Australia
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- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
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- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Dalmia Cement Bharat India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
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