We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
 Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining and power generation sectors during the 11th and 12th plans. The 52 year old company is also venturing into new projects with fuels other than lignite.
During the year ended March 31, 2009, NLC reported lower net profit of Rs 821 crore against Rs 1101 crore in the previous year even as turnover improved to Rs 3354.91 crore from Rs 2981.65 crore in 2007-08. The board has proposed a dividend of Rs 2 per share which will entail an outflow of Rs 335.54 crore.
NLC Chairman and MD, A R Ansari told media persons in Chennai on Saturday, " We closed the year on a positive note considering the problems we faced. The unprecedented rains in Tamil Nadu affected lignite production causing a generation loss of Rs 293 crore. We also faced many strikes by contract workmen. Still, we achieved the highest ever power generation in the fourth quarter and our growth momentum has now picked up".
He said of the Rs 40,000 crore investment programme, Rs 10,000 crore is already on the floor. With reserves of Rs 5600 crore, it can borrow Rs 13,000 crore. The balance fund requirements will be met out of internal accruals.
The ongoing projects will increase its mining capacity from 24 million tonnes to 30.6 million tonnes per annum and power generating capacity from 2490 mw to 3240 mw during 2010.
By implementing the lignite based projects at NLC and at Jayamkondam and coal based power projects in the States of TN ( as JV with TNEB), Madhya Pradesh, Uttar Pradesh and Jharkand and coal mine cum power plants in Orissa and Gujarat, its gameplan is to boost mining capacity to 79.7 million tonnes and power generation capacity to 14,740 mw at the end of 12th plan, Mr Ansari said.
The board has approved its foray into wind power starting with an initial capacity of a 50 mw plant near Tuticorin. This will be raised to 200 mw later. For entering the hydro power sector, it is discussing with Uttrakhand Government to put up a 1000 mw plant at a cost of Rs 6000 crore. In a year’s time, NLC will work out a plan for entering nuclear energy.
He said the corporation has formed a shell company, NLC Videsh for acquiring coal assets mainly in South Africa and Indonesia and importing the material to set up thermal plants in the coastal regions of East and West. It will take part in tariff based competitive bidding for taking up ultra mega power projects floated by Power Ministry.
Source: Economic Times (http://economictimes.indiatimes.com/News-by-Industry/-NLC-chalks-out-Rs-40K-cr-investment/articleshow/4680846.cms)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 20 June 09
MINING LICENSE PROCEDURES `PROPER' - (UPDATE 3)
All 13 coal mining firms operating in Sawahlunto, West Sumatra, complied with procedures in obtaining their licenses, authorities say, as a recent m ...
Saturday, 20 June 09
TECK SEES 2009 COAL SALES AT UPPER-END OF FORECAST
* Sees 2009 coal sales at upper-end it of prior forecast
* Says increased Chinese demand, driving brighter outlook
Teck Resources Ltd said on Fr ...
Saturday, 20 June 09
COAL OUTLOOK DARKENS AS PRODUCERS LOOK FOR PRICING FLEXIBILITY
Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for ...
Saturday, 20 June 09
AUSTRALIA'S NEWCASTLE THERMAL COAL PRICES FALL 7.7% TO $70.81
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 7.7 percent, declining for the first time since the week e ...
Saturday, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today.
The ...
|
|
|
Showing 6666 to 6670 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
|
| |
| |
|
