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Sunday, 08 January 12
ICICI OUTLOOK ON INDIAN POWER, MINING,CEMENT, AND SHIPPING SECTORS PERFORMANCE IN 2012
 Broking firm, ICICIdirect (India) has come out with report on sectors outlook for 2012. IRIS has collated key highlights for each sector from ICICI’s report.
Power - Underperform
The power sector in CY11 was characterized by robust capacity addition (12737 MW taking total capacity to 185,496 MW), tariff hikes, fuel shortages, back down by SEBS, change in Indonesian coal law and rise in interest rates. ICICIdirect expects capacity addition to be robust in CY12 (our bottom up analysis suggests that nearly 9400 MW can be added in CY12). ICICIdirect is cautious as structural issues like policy reforms and fuel shortages are more critical than cyclical factors like falling interest rates. One should stick to regulated entities like NTPC, NHPC (regulated players, less fuel risk, high Actual Contract Quantity from Coal India, sustainable earnings growth via capacity addition).
Metals and Mining - Underperform
CY11 was a challenging year for the metals and mining sector on the back of a muted demand scenario, elevated raw material costs and restriction of mining of iron ore in certain areas. During the first nine months of CY11, prices of key raw materials such as iron ore and coking coal were on an upward trend while in Q4CY11 along with a decline in raw materials costs steel prices also tapered off resulting in no respite for steel companies. As a result, on the back of elevated cost structure the operating margins of steel players remained under pressure for CY11. Going forward, on the back of global uncertainty and a muted demand scenario, ICICIdirect expects global steel demand to remain subdued in CY12.
Cement - Underperform
Cement demand has been sluggish in the past 20 months (growth of 4.4% in FY11 and 4% in YTD FY 12) due to muted off take from construction activities. ICICIdirect finds that cement demand growth has a high correlation with gross fixed capital formation growth as it captures the construction activities. GFCF declined 0.6% in Q2FY12 on account of a slowdown in infrastructure investments, keeping cement demand under pressure. ICICIdirect expects cement demand to grow by 4.5% in FY12E and 8% in FY13E.
Shipping - Underperform
The shipping industry is currently passing through a downturn, which is likely to be prolonged. A moderation in demand and substantial increase in supply on account of new vessel additions is expected to keep freight rates subdued.
(Source : IRIS /Steelguru)
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Tuesday, 27 December 11
MINERS MAKE CASE FOR RESUMING CONTRACT NEGOTIATIONS - THE JAKARTA POST
The Jakarta Post reported that, problems with the renegotiation of mining contracts in the country are far from over, as agreements on several cruci ...
Tuesday, 27 December 11
COAL SHIPMENT OF TIANJIN PORT REACHED 6.72 MLN TONNES IN NOVEMBER - STEEL HOME / HELLENIC SHIPPING
Tianjin port shipped 6.72 million tonnes of coal in November, decreasing 600,000 tonnes versus 7.32 million tonnes in October, while up 21.09% or 1. ...
Tuesday, 27 December 11
NEW CLAUSE PUBLISHED FOR SLOW STEAMING - BIMCO
Many owners and operators faced with high bunker prices are considering implementing slow steaming regimes to save fuel and to assist with capacity ...
Monday, 26 December 11
NEW EXPORT TAX PLAN GREETED WITH PRAISE AND CRITICISM - THE JAKARTA POST
The Jakarta Post, one of the Indonesia's leading english news paper reported that, both praise and criticism showered the government’s plan t ...
Sunday, 25 December 11
THERMAL COAL PRICES GAINED UP TO 4.32 PERCENT
COALspot.com - globalCOAL index gained 4.32 percent to US$106.36 per ton in RBCT, benchmark for South Asia and West Europe markets, for the week end ...
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Showing 4911 to 4915 news of total 6871 |
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- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
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