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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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Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
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- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- White Energy Company Limited
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Economic Council, Georgia
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- The University of Queensland
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Australian Coal Association
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
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