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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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Friday, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
Wednesday, 20 May 09
COAL & OIL BAGS TWO CONTRACTS TO SUPPLY COAL TO CEMENT & SUGAR INDUSTRY IN INDIA
COALspot.com: According to website of Coal & Oil Company, Aditya Birla Group (Ultratech) have placed orders with Coal and Oil Company for supply ...
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- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- PTC India Limited - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- SMC Global Power, Philippines
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