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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, 14 July 09
MMTC SAYS MAY RE-TENDER FOR 12.5 MLN T COAL
* KIS has demanded investigation into procurement
* MMTC says import delays could add to power shortages
Alibaba reported that, India's s ...
Tuesday, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
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- Pendopo Energi Batubara - Indonesia
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- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
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- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
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- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
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- Parry Sugars Refinery, India
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- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
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- Planning Commission, India
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- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
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- Carbofer General Trading SA - India
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
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- Orica Mining Services - Indonesia
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- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
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- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
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- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Australian Coal Association
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
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- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
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- Eastern Energy - Thailand
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- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
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- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
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- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
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- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
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