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Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is also evaluating coal properties with sizeable reserves in Indonesia, Australia and South Africa, its chief financial officer J Suresh Kumar said on Tuesday.
At present, the company has one imported-coal based project - Udupi Power Project - in Karnataka, which would be completed in the last quarter of financial year 2011. Debt and equity funds estimated at Rs 4342 crore for the 1,015-mw project have been arranged by a consortium of 14 banks and financial institutions led by Power Finance Corporation.
Kumar said the company was evaluating opportunities to set up more such projects of same capacity. Lanco has lined up capacity addition targets of 15,000 mw during next five years. Lanco Infratech’s operating power capacity more than doubled to 1,349 mw during last financial year. Its total operating and under-construction power portfolio stands at 9,300-mw.
Lanco also figures among the power generators who are on look out for fuel in coal-rich nations like Australia, South Africa and Indonesia. NTPC has appointed three merchant bankers for due-diligence on acquisition of coalmines in Indonesia. Country’s largest private power producer Tata Power has a stake in two Indonesian coal companies.
The company on Tuesday announced a 63.5 per cent growth in profit after tax to Rs 458.6 crore in 2009-10 from Rs 280.4 crore in 2008-09.
The net profit for fourth quarter ended March 31, 2010 went up by 26 per cent to Rs 113.3 crore from Rs 89.9 crore during the corresponding period previous financial year.
Kumar said the rise in profits was due to company’s good performance in power business. “The company added 800-mw of operating capacity in the previous fiscal a good chunk of which was sold as merchant power at an average tariff of Rs 4 – Rs 4.50 per unit.” Lanco Infratech expects to add 2,600-mw to its generating capacity in the present financial year.
Commenting on the company’s performance, Lanco Infratech chairman L Madhusudhan Rao said, “With power generation and construction & EPC as our strengths, we are also exploring opportunities in roads, transmission, distribution and other emerging infrastructure sectors.”
Source: My Digital FC ( By Sarita C Singh )
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Tuesday, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day h ...
Monday, 07 June 10
SOUTH AFRICA COAL STAYS NEAR 18-MONTH HIGH ON EUROPEAN DEMAND - BLOOMBERG
Bloomberg Reported that, Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, ...
Sunday, 06 June 10
THE DOWNWARD TREND FOR S6 AND S7 ROUTE IS LIKELY TO CONTINUE NEXT WEEK - VISTAAR
COALspot.com: "This seemed market heading for corrections with all sectors down", said, Capt. Reddy, MD of Vistaar Shipping Singapore, an ...
Sunday, 06 June 10
STEAM COAL MAY BECOME NEXT BOOMING COMMODITY IN AUSTRALIA - DB
Deutsche Bank predicts that thermal coal could become Australia's next booming commodity. The German investment bank's global thermal coal team ex ...
Friday, 04 June 10
INDO/INDIA AROUND THE MID 20'S LEVEL AND MID TO HIGH 20'S INDIA/CHINA
Handy
After a quiet end to last week, the Atlantic handysize market continued&nb ...
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- Mintek Dendrill Indonesia
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- Samtan Co., Ltd - South Korea
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- Australian Commodity Traders Exchange
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- Minerals Council of Australia
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- Wilmar Investment Holdings
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- Cigading International Bulk Terminal - Indonesia
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- Georgia Ports Authority, United States
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- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
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- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Siam City Cement - Thailand
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- Economic Council, Georgia
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- Price Waterhouse Coopers - Russia
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- LBH Netherlands Bv - Netherlands
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- Planning Commission, India
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- Deloitte Consulting - India
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- Parliament of New Zealand
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- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
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