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Sunday, 28 June 09
INDIA CEMENTS TO INVEST RS 1,500 CR OVER 2 YEARS
 Chennai-based India Cements is planning to invest around Rs 1,500 crore over the next two years for setting up a greenfield project in Rajasthan, power plants in Tamil Nadu and Andhra Pradesh and acquiring a coal mine abroad. The company’s board today approved fund-raising to the tune of $100 million (Rs 500 crore).
Speaking to reporters here, N Srinivasan, vice-chairman and managing director, said the board approved the proposal for raising funds not exceeding Rs 500 crore through issue of equity/equity-linked instruments from domestic and global markets.
The funds are required for various projects being undertaken by the company, repayment of debts and general purposes.
“This is an enabling resolution. We will try to fund the projects through internal accruals. We will raise the money if needed,” said Srinivasan.
The company is planning to set up a cement facility in Rajasthan with a capacity of 1.5 million tonnes. It is also planning to set up 100 Megawatt (Mw) coal-based plants in Tamil Nadu and Andhra Pradesh at an investment of Rs 500 crore. The company’s current power requirement is 160-170 MW while the generating capacity is 50-60 MW.
The frequent power cuts in Tamil Nadu and Andhra Pradesh had impacted production at the company’s plants and increased spends on power and fuel. The company’s expense on power and fuel in the quarter ended March 31, 2009, rose 18 per cent to Rs 233.91 crore, from Rs 198.46 crore a year ago. India Cements is hoping this to come down by 15 per cent when its power plants start operation. “More than the cost, our external dependency will come down,” said Srinivasan.
Meanwhile, to meet its coal requirement, the company is planning to acquire a coal mine in Indonesia. “Technical due diligence is over and we will finalise the deal in the next quarter,” he said.
The company expects around 30 million tonnes from this mine. Currently, India Cements’ total requirement is 800-900 tonnes for cement and 400,000 for power.
Meanwhile, the company has reported 10 per cent drop in net profit to Rs 93.86 crore for the quarter ended March 31, 2009, as compared with Rs 104.44 crore a year ago.
“One of the biggest challenges during the year was rise in raw materials prices, compounded by the depreciation of the rupee against the dollar, which increased the cost of production, resulting in lower operating margin,” he said. India Cements’ other income rose to Rs 115.41 crore.
Source: Business Standard (http://www.business-standard.com/india/news/india-cements-to-invest-rs-1500-cr-over-2-years/362333/)
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Monday, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
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- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- VISA Power Limited - India
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- The University of Queensland
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
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