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Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
 The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bharat Earth Movers, which has set up an operation in Balikpapan, East Kalimantan.
Bharat’s total investment, including a basic assembly plant and after-sales service network, is expected to reach an estimated $44 million.
“Based on our study, Indonesia presents big opportunities for heavy equipment,” Bharat’s chairman and managing director, V RS Natarajan, said at a launch ceremony in Jakarta on Monday. “We believe that the total market is worth between $500 and $600 million.”
Until Bharat’s arrival, there had only been two heavy equipment suppliers in Indonesia — US-based Caterpillar and Japan-based Komatsu.
Natarajan said that Bharat would be seeking a 10 percent market share worth an estimated $50 million in its first year of operations.
“Currently, we have contracts with two Indonesian companies — Bumi Resources and another Bakrie group company,” he said. “The contracts are worth $44 million and cover three products: hydraulic excavators, bulldozers and wheel dozers.”
Over the next two years, Bharat is targeting $300 million in heavy equipment sales. “And if we achieve that target, we will open a full assembly plant in Indonesia,” Natarajan said.
Bharat is an Indian state-owned company run by that country’s Ministry of Defense.
It produces 35 types of heavy equipment for the mining and construction sectors, defense equipment and metro and railway equipment. To establish its edge among the competition, Natrajan said that Bharat would offer customers lower prices, faster arrival times and warranties of up to 17 years.
“India and Indonesia are quite near each other, compared to Japan or the United States. So we’re able to promise the customer faster arrival times,” he said.
This is the fourth branch outside of India that has been established by Bharat, with the others being in Malaysia, China and Brazil.
“We chose Indonesia as this country has a strong mining sector, but lacks heavy equipment,” Natrajan said.
The arrival of Bharat comes at a difficult time for the heavy equipment industry, as the economic slump continues to eat into mining output.
“Many of the existing companies have had to postpone expanding capacity due to the global crisis, which has forced mine operators to delay their purchases of heavy equipment,” Pratojo Dewo, the chairman of the Heavy Equipment Industry Association (Hinabi), said on Sunday, as quoted by Kontan business daily.
Source: The Jakarta Globe
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Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
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- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- The Treasury - Australian Government
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