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Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
 The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Grasim cement with Ultra Tech, which together will have a capacity of 49 million tons per annum or 20 per cent of the country's cement production.
The group, which had acquired Ultra Tech from engineering giant L&T in 2004, said it would hive-off Grasim cement into Samruddhi, a wholly owned subsidiary.
The demerged entity would be listed and then merged with UltraTech.
“Post consolidation of Samruddhi and UltraTech, a cement company with a capacity of 49 million tons will be created,” Grasim's whole-time director and chief financial officer, Mr Adesh Gupta told reporters here.
India produces nearly 219 million tons of cement per annum and is the second largest producer of the building material after China.
Presently, the capacity of Grasim is 26 MT and that of UltraTech is 23 million tons. “The entire consolidation would be over in the next 8-10 months,” Mr Gupta said.
The Aditya Birla Group chairman, Mr Kumar Mangalam Birla, in a statement said: “The restructuring move is designed to ensure Grasim's majority stake in, and continued support to, the rapidly-growing cement business, while simultaneously providing Grasim shareholders direct participation in the pure-play cement company.”
Post-merger (Samruddhi and UltraTech), Grasim's holding in the consolidated entity would be somewhere between 55-65 per cent, Mr Gupta said.
“Our holding in the merged entity will be between 55 and 65 per cent as we hold 55 per cent in UltraTech Cement while post-demerger our holding in Samruddhi will be 65 per cent,” he said.
Grasim shareholders would hold 35 per cent in Samruddhi.
The demerger of Grasim Cement is likely to be completed in the last quarter of this fiscal, he said.
As a part of the restructuring exercise, Samruddhi would issue one equity share of Rs 5 each to Grasim shareholders for every share they hold in Grasim.
The advisors to Grasim's restructuring process are DSP Merrill Lynch, Enam Securities, Amarchand and Mangaldas, Suresh A Shroff and Company and Ernst and Young. PTI
Source: The Statesman
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Tuesday, 01 September 09
GLOBAL COAL PRICES UNDER PRESSURE AS CHINESE PROVINCE RETURNS TO THE PRODUCTION FRAY - REUTERS
China is set to return to role of coal exporter as the deadline for thousands of small coal mines in its Shanxi province to reopen after being shut ...
Tuesday, 01 September 09
INDONESIA PLN SECURES 1.9 MILLION TONNES COAL FOR NEW POWER PLANT
Reuters reported that Indonesia's state electricity firm PT Perusahaan Listrik Negara has secured 1.9 million tonnes of sub bituminous coal per yea ...
Tuesday, 01 September 09
EXPORT OF COAL RAW MATERIAL SHOULD BE REDUCED - INDONESIAN OFFICIAL
Antara reported that, Coal producing companies should reduce the volume of their export of coal raw material and increase the volume of their finish ...
Tuesday, 01 September 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 23%, SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 23 percent ...
Monday, 31 August 09
INDIA MMTC ISSUE TENDER TO IMPORT 12.5 MMT COAL TO BE SUPPLIED OVER A PERIOD OF 12 MONTHS
COALspot.com (India): MMTC has re-issued a tender to import 12.50 Million Metric Tonnes (12.50 MMT) (+/- 2%) of thermal coal to be supplied over a p ...
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- VISA Power Limited - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- The University of Queensland
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
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