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Monday, 06 November 17
COAL SHORTAGE HURTS INDIA'S HINDALCO AND VEDANTA SAYS BUSINESS STANDARD
 Aluminium smelter operations of Vedanta and Hindalco are at risk of turning unviable due to a coal crunch.
According to Business Standard an Indian news paper, coal supply to the captive power plants owned by the two aluminium producers is low. Coal committed in auctions is not being delivered. Since power contributes 40-45 per cent to the smelting cost of aluminium, the companies have installed captive plants of 8,700 MW to cater to their requirements. But, the aluminium industry is struggling to meet its coal requirement due to lower despatches by rail for captive power plants.
According to conditions listed in its fuel supply agreements, Coal India is committed to supply 75 per cent of the annual contracted quantity, below which a penalty is triggered.
Business Standard further reported, most of the aluminium smelters in the country face a coal shortage at their captive power plants and are working with critical stocks. The shortfall is 57 per cent at Vedanta’s captive power plant in Odisha. Bharat Aluminium Company faces a 21 per cent coal shortage and the Aditya Birla group-owned Hindalco faces a shortfall of 78 per cent.
The backlog of sanctioned railway rakes for the three captive power plants is 315.
Business Standard further reported that the Aluminium Association of India has written to the prime minister’s office and the ministries of coal and railways about the situation. AAI President and Nalco Chairman TK Chand could not be contacted for comments.
Coal shortage hurts Hindalco, Vedanta “Coal India should make coal available as per contractual commitments and reinstate 100 per cent coal supply. Rake allocation should be prioritised for optimum materialisation of auctioned coal,” the AAI suggested in its letter.
The industry has invested Rs 1.2 lakh crore in order to raise the country’s aluminium production capacity from 2 million tonnes to 4.1 million tonnes. These investments are riding on debts of Rs 70,000 crore. The aluminium producers have nurtured hundreds of small and medium enterprises in the downstream sector, employing 750,000 people directly and indirectly, the AAI pointed out.
The country’s aluminium demand is growing at a compounded annual rate of 10 per cent. Demand is expected to receive a fillip from the government’s thrust on Make in India, Smart Cities and Power for All schemes, promotion of indigenous defence manufacturing, and the growth potential of the automotive and aviation industries. The aluminium industry contributed 1.2 per cent to the country’s exports in 2016-17 valued at $3.2 billion said Business Standard.
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Wednesday, 15 November 17
MARKET INSIGHT - LINOS KOGEVINAS
For another week, oil seems to be the most volatile and interesting commodity to watch. In this segment we’ll look at some of the major facto ...
Tuesday, 14 November 17
COAL STOCKS RUN SHORT, CENTRE TO GET DAILY UPDATE ON STOCKS - DECCAN CHRONICLE
Facing a shortage of coal for thermal power generation in the country, the Central Electricity Authority (CEA) has issued guidelines for maintainin ...
Tuesday, 14 November 17
IN 2018, WORLD OIL DEMAND IS FORESEEN REACHING 1.51 MB/D - OPEC
Oil Market Highlights - OPEC
The OPEC Reference Basket averaged $55.50/b in October, gaining $2.06 over the previous month and reaching the hi ...
Monday, 13 November 17
THERMAL COAL PRICES WERE RELATIVELY UNCHANGED - DANIEL HYNES
Coal prices were broadly higher, driven by strong gains in the metallurgical coal market said Daniel Hynes, Senior Commodity Strategist at ANZ in h ...
Monday, 13 November 17
THIESS AWARDED $300M SANGATTA EXPANSION CONTRACT
Thiess has been awarded a $300 million contract by Kaltim Prima Coal (KPC) to expand operations at Sangatta coal mine in East Kalimantan, Indonesia ...
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Showing 1881 to 1885 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Planning Commission, India
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- The University of Queensland
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
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