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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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Friday, 27 October 17
U.S WEEKLY COAL PRODUCTION FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.9 million short tons ...
Thursday, 26 October 17
CYBER COVER FOR E-BILLS - PHILIP STEPHENSON
KNOWLEDGE TO ELEVATE
Increasingly popular electronic bills of lading are, by their nature, susceptible to the risk of cyber attack. Here, Stan ...
Thursday, 26 October 17
INDO TO CHINA ROUNDS SUPRAS ACHIEVING AROUND HIGH $14000 - FEARNLEYS
Supramax
By mid-week the market has been relatively quiet in the Pacific basin as well, but still some healthy rates being achieved on the differ ...
Thursday, 26 October 17
STRONG SIGNAL FOR AUSTRALIAN COAL DEMAND - GREG EVANS
The International Energy Agency’s Southeast Asia Energy Outlook report, released today, presents a positive outlook for Australian coal produ ...
Wednesday, 25 October 17
COAL MARKETS REMAINED SUBDUED - DANIEL HYNES
Coal markets remained subdued.
Daniel Hynes, Senior Commodity Strategist at ANZ, Coking coal prices were unchanged amid an absence of fresh of ...
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Showing 1901 to 1905 news of total 6871 |
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- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Planning Commission, India
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Central Java Power - Indonesia
- The University of Queensland
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- PTC India Limited - India
- Parliament of New Zealand
- Energy Development Corp, Philippines
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