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Sunday, 05 January 14
CENTRAL BUREAU OF INVESTIGATION OF INDIA REGISTERS CASES IN CONNECTION WITH ALLEGED SUPPLY OF LOW QUALITY INDONESIAN COAL BY A PRIVATE COMPANY TO NTPC & NSPCL
 COALspot.com: The Central Bureau of Investigation of India has registered two cases regarding alleged supply of low quality imported Indonesian coal by a private company to different power plants of National Thermal Power Corporation(NTPC) and NTPC-SAIL Power Corporation Ltd.(NSPCL) respectively in conspiracy with certain officials of the concerned power plants.
According to CBI’s press release, the first case has been registered against Addl. G.M, Head of NTPC Power Plant Lab, Unchahar; Dy. Manager, NTPC Power plant Lab, Unchahar, Indore based coal trading private company, Singapore based coal trading company, East Jakarta, (Indonesia) based independent coal testing company, Kolkata based coal testing private company and Chemist of Kolkata based coal testing private company and Unknown others.
CBI, further said that, It is alleged that the accused persons during the period 2011-13 entered into criminal conspiracy with an intention to cheat NTPC. In pursuance of the said criminal conspiracy, inferior quality non-cooking coal of Indonesian origin, shown to be of good quality on papers, was purchased from Indonesia by Singapore based coal trading company, overseas supplier and sister concern of Indore based group of companies. Thereafter, the said inferior quality coal was brought to India in different vessels, vide different Bill of Entries, having gross calorific value, far less than technical specifications of the agreement and thus liable to be rejected, and was supplied to NTPC power plant at Unchahar, which has resulted in a wrongful loss of approximately US$ 3,720,922 ( Rs. 231,638,574/- approximately.)
The second case has been registered against Sr. Manager, Head of NSPCL Power Plant Lab, Bhilai, a Chemist, NSPCL Power Plant Lab, Bhilai, Indore based private coal trading company, Singapore based coal trading company, Mumbai based private Laboratories, Branch Head & other Asst. Manager (Marketing) both of Mumbai based private Laboratories and Unknown others.
CBI’s press release further says, It is alleged that the accused persons during the period 2011-13 entered into criminal conspiracy with an intention to cheat NSPCL, Bhilai Power Plant. In pursuance of the said criminal conspiracy, inferior quality non-cooking coal of Indonesian origin , shown to be of good quality on papers, was purchased from Indonesia by Singapore based company, overseas supplier and sister concern of Indore based group of companies. Thereafter the said inferior quality coal was brought to India in different vessels , vide different Bill of Entries , having gross calorific value, far less than technical specifications of the agreement and thus liable to be rejected, and was supplied to NSPCL, Bhilai Power Plant, which has resulted in a wrongful loss of approximately US$ 14,925,474 ( Rs 929,155,588/- approximately.)
Searches were conducted at office & residential premises of Addl. GM & Dy. Manager, both of NTPC Unchahar Distt,. Raibareily ; Sr. Manager & Chemist, both of NSPCL, Bhilai apart from various premises of a private company based at Indore and private laboratories based at Mumbai, Kolkata, Gandhidham & Jamnagar. Incriminating documents recovered during the searches are being scrutinized.
CBI says further investigation is continuing.
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Friday, 19 September 14
PRICES FOR DRY BULK CARRIERS HAVEN'T CORRECTED ENOUGH, DESPITE LOWER THAN EXPECTED FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lot has been said and written about the looming dry bulk market recovery over the past few months. However, even if this hasn’t been materi ...
Thursday, 18 September 14
INDONESIA'S JULY COAL EXPORT VOLUME DROPPED 5.13% M-O-M
COALspot.com: Indonesia, one of the world's largest coal producer and the global leading multi grade coal exporter shipped around $1.65* ...
Thursday, 18 September 14
PANAMAX : US GULF/CHINA FRONTHAUL ARE NOW PAYING TYPICALLY 14.5K + 450K BB - FEARNRESEARCH
Handy
We still see a firming tendency in the Atlantic and it is still ECSA and USG leading on. USG/Cont now up in about USD 17/18k for a Smax whi ...
Thursday, 18 September 14
ELECTRONIC BILLS OF LADING: A GUIDE TO PAPERLESS TRADING WHICH HAS TAKEN THE SHIPPING INDUSTRY BY STORM
Bimco has recently developed and published a charter party clause that specifically addresses the use of electronic bills of lading. Increasing use ...
Wednesday, 17 September 14
PANAMAX: LIMITED INTEREST IN BOTH BASINS; RISING TONNAGE - INTERMODAL
With the week starting off at a fast pace and with the positive momentum from the previous Friday seemingly sticking around for a bit longer, most ...
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- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- PTC India Limited - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Australian Coal Association
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
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