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Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
 WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices to mitigate the impact of wage hikes, which hurt its profit for the last financial year to the extent of 83 billion rupees ($1.74 billion).
"We have reported a sharp drop in earnings and that is because of a pay revision for workers and officers," Partha Bhattacharyya told reporters on the sidelines of a coal conference.
"We need to improve. That can be done by a modest increase in coal prices."
Coal India, which accounts for more than 80% of India's total coal production, last raised prices in August 2007, by 10%.
Although coal prices in India were deregulated completely in January 2000, the price is fixed by state-run companies under the guidance of the coal ministry.
However, India's coal minister, Sriprakash Jaiswal, said the federal government wasn't considering a coal price hike.
"There is a need for higher coal prices due to wage hikes. But currently the government isn't considering a hike," he told reporters, adding the possibility of a price hike later can't be ruled out.
India's federal government plans to sell a 10% stake in Coal India. Mr. Bhattacharyya said Coal India's profit will be hit by 40 billion rupees in the current financial year due to the wage hike.
Coal India expects coal production to rise 7.7% in the current fiscal to 435 million metric tons. The company, which has been posting an average annual production growth of 5%, may have to increase production by 8.5%-9% to meet India's growing demand, Mr. Bhattacharyya said.
India's coal demand this year is estimated at 604.33 million tons, while domestic production is estimated at 534.33 million tons, leaving a gap of 70 million tons which needs to be met through imports.
India is facing a coal shortage as its power generation is increasing 7.5% annually while coal production is rising only 5%, Central Electricity Authority Chairman Rakesh Nath said in a separate conference Friday.
He expects thermal power coal imports to widen to 40 million tons by the fiscal ending March 31, 2012 from 28.7 million tons in the current year, due to the growing mismatch between local supply and demand.
"Coal shortages will continue due to the demand-supply gap," he said.
Source: WSJ
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Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
Wednesday, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
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- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Planning Commission, India
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Minerals Council of Australia
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
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