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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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Saturday, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
Friday, 13 November 09
API4 IGNORES LOW COAL TRADES - SWISS SINGAPORE
* Jan, Feb S.Africa coal prices hit 12-month highs
* Indian trader says deals done dollars below index
Reuters reported that, the physical coal ...
Thursday, 12 November 09
INDONESIA'S BUMI COAL PRODUCTION TO INCREASE
The sale is predicted to jump 14 percent to 58 million tons.
Viva News reported that, PT Bumi Resources Tbk. (BUMI) projected that the company's ...
Thursday, 12 November 09
INDIA'S BHEL IS IN INDONESIA NOW WITH THE COST EFFECTIVE CFBC BASED BOILER TURBINE PACKAGES
COALspot.com(Indonesia): BHEL, the largest engineering and manufacturing enterprise in India in the energy-related / infrastructure sector, is now f ...
Thursday, 12 November 09
NTPC FARAKKA AND KAHALGAON UNITS SHUT DOWN ON COAL SHORTAGE
Operations at two units each of power major NTPC Ltd’s 1600 MW Farakka and the 2340 MW Kahalgaon stations have ground to a halt due to an acut ...
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- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Economic Council, Georgia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
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