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.
|
|
Tuesday, 08 September 09
SOUTH AFRICAN COAL EXPORTS MAY RISE ON SALES TO INDIA
Bloomberg reported that, South African coal exports may rise to 100 million metric tons a year by 2020 and India may become the biggest destination ...
Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
|
|
|
Showing 6446 to 6450 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- The University of Queensland
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
|
| |
| |
|
