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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, 06 September 13
DRY BULK MARKET REACHES NEW YEAR-HIGHS ON THE BACK OF INCREASED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been on the rise once again, but this time around any new increase of freight rates translates into new year-highs, thus bri ...
Friday, 06 September 13
US PRODUCED APPROXIMATELY 90.80 MMST OF COAL IN AUGUST
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.90 million short tons (mmst) of ...
Thursday, 05 September 13
INDONESIAN COAL EXPORTS UP BY 6.72 PERCENT IN JULY
COALspot.com: Indonesia, the world's largest multi grade coal exporter shipped 35.268* million tons of coal in July 2013. Indonesian coal exp ...
Thursday, 05 September 13
HANDY: NICKEL ORE WAS PUSHING THE FAR EAST MARKET - FEARNLEYS
Handy
Nickel Ore was pushing the Feast market, several ships were fixed from low teens to $14k. Indo/India was still supported by bauxite, while th ...
Thursday, 05 September 13
DRY BULK MARKET ON A HIGH ROLL, MAINLY THANKS TO CAPESIZE APPETITE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize owners have been rejoycing on the back of renewed optimism for the further rise in the dry bulk market's freight rates, especially when on ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
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