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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, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Deloitte Consulting - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- VISA Power Limited - India
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
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