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Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
 Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as December to help fund spending on roads and education and rein in the fiscal deficit.
“We will do it by December or January,” Power Secretary H.S. Brahma said by telephone in New Delhi yesterday, after the Cabinet approved the plan to sell the stake in the state-owned utility. “We will take a decision on the timing of the sale in a few days.” Brahma is the top bureaucrat in the power ministry.
Prime Minister Manmohan Singh is taking advantage of an 80 percent gain in India’s benchmark stock index this year to sell stakes in state-owned companies. The government has raised about 42 billion rupees ($913 million) since April 1 by selling shares in NHPC Ltd. and Oil India Ltd. The NTPC sale may yield 88 billion rupees, according to Bloomberg calculations based on its Oct. 17 closing price that valued the New Delhi-based utility at $38 billion.
“This should help a little in narrowing India’s fiscal deficit,” Viswanathan Vasudevan, a Singapore-based fund manager at Aquarius Investment Advisors Pte., said by telephone today. “The government needs to continue with its theme of disinvestment since the deficit is quite large.”
India plans to borrow a record 4.41 trillion rupees in the year ending March 31, widening the budget deficit to a 16-year high of 6.8 percent of gross domestic product, from 6 percent in the previous year.
NTPC has climbed 18 percent in Mumbai trading this year, lagging behind the Bombay Stock Exchange’s Sensitive Index and a 90 percent surge in rival Tata Power Co. The stock fell 0.6 percent to 213.60 rupees on Oct. 17 when the market traded in a special truncated session on Diwali, the festival of lights that marks the start of the Hindu new year.
Government Equity
The government’s equity in NTPC will fall to 84.5 percent after the sale from 89.5 percent. Part of the shares will be offered to NTPC employees, Commerce and Industry Minister Anand Sharma said yesterday, without elaborating on the timing.
“It is expected that the market capitalization of NTPC would be higher and it would help the company to raise resources in the international market on competitive terms,” the government said in a statement after a meeting of the federal cabinet in New Delhi yesterday.
NTPC plans to spend 177 billion rupees to increase its generation capacity by about 10 percent in the financial year ending March 31. The utility said last month it was evaluating an offer to buy a South African coal mine and is considering a coal- mine purchase in Indonesia to help secure fuel supplies.
The government sold a 5 percent holding in NHPC to the public for 20 billion rupees in August, while state-run refiners bought 10 percent in Oil India from the state for about 22 billion rupees the following month.
India should aim to raise as much as 250 billion rupees a year from asset sales, the finance ministry said in a July 2 report. Proceeds from the sale of the government’s stake in state-owned companies go to a separate fund meant for social- sector spending, including job creation and improving health care and education.
Source:Bloomberg
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Wednesday, 26 October 11
PWCS GLOBAL SHIPPING BENCHMARKING ANALYSIS: RECOVERY IN 2010 BUT GREAT UNCERTAINLY FOR 2011
The recovery of global trade in 2010 to the same levels as 2008 led to an improvement in the overall performance of shipping companies in 2010 compa ...
Wednesday, 26 October 11
INDIAN MARKET WAS REMAINED TIGHT THE WHOLE LAST WEEK - BRS
The market once more seems to be at a crossroads. The indices last week remained fairly stable (except for the Panamax sector), ending the week as f ...
Tuesday, 25 October 11
DRY BULK MARKET STEADY, ANALYSTS LOOKING FOR ADDED PRESSURE ON THE MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was unchanged on Monday, with the industry’s benchmark, the BDI (Baltic Dry Index) ending the session at 2,153 points, exa ...
Monday, 24 October 11
NEW HEAD OF INDONESIA'S MINING MINISTRY GETS RAKED OVER THE COALS - JOSEPH KIRSCHKE
COALspot.com - Following Indonesia’s presidential cabinet shakeup last week, many are questioning the qualifications of Energy and Mineral Res ...
Monday, 24 October 11
CHINA QINHUANGDAO COAL PRICE RISES TO HIGHEST IN THREE YEARS - BUSINESSWEEK
Business week reported that, China’s power-station coal price rose to the highest level in three years as power stations and central heating p ...
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Showing 5011 to 5015 news of total 6871 |
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- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- The University of Queensland
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
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