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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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Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
Tuesday, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net im ...
Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
* Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain bi ...
Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian ...
Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in South ...
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- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- The University of Queensland
- Parliament of New Zealand
- GMR Energy Limited - India
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
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