We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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/)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite a ...
Saturday, 12 September 09
$1.5B KALIMANTAN COAL RAIL TENDER EXPECTED BY YEAR-END
The Jakarta Globe reported that, In the second announcement on major coal-railway projects in as many days, Central Kalimantan’s top official ...
Friday, 11 September 09
INDONESIA COAL-PRICES AT $66, SUPPLIERS OFFER AT BARGAIN PRICES
Some Indonesian producers were rushing to sell coal at bargain prices to ease excess stocks and catch shipments before the Muslim Eid Al-Fitr festiv ...
Friday, 11 September 09
ALPHA NATURAL EXPECTS HIGHER MET, STEAM COAL PRICES IN 2010
Mining Weekly reported that, There are encouraging signs that metallurgical coal demand in most key global markets is either returning or poised to ...
Friday, 11 September 09
POWER SECTOR'S DEPENDENCE ON COAL TO CONTINUE
The power sector will continue to be largely dependant on coal-based thermal power plants to meet its energy needs for the next 15-20 years, Power S ...
|
|
|
Showing 6431 to 6435 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Parliament of New Zealand
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- PTC India Limited - India
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
|
| |
| |
|
