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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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Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
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- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Economic Council, Georgia
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- Chamber of Mines of South Africa
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- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
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- Ministry of Transport, Egypt
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- Ceylon Electricity Board - Sri Lanka
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- ICICI Bank Limited - India
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- Parliament of New Zealand
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- CNBM International Corporation - China
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- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
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- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
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- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
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- Eastern Coal Council - USA
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- White Energy Company Limited
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- Power Finance Corporation Ltd., India
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- Bangladesh Power Developement Board
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- Agrawal Coal Company - India
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- London Commodity Brokers - England
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- Kapuas Tunggal Persada - Indonesia
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- Coal and Oil Company - UAE
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- Cement Manufacturers Association - India
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- Bukit Asam (Persero) Tbk - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
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- Merrill Lynch Commodities Europe
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- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
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- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
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- New Zealand Coal & Carbon
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- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Indian Oil Corporation Limited
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- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
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- The Treasury - Australian Government
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