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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, 21 September 11
2ND ANNUAL SHALE GAS SUMMIT
2nd Annual Shale Gas Summit 31 October – 3 November 2011 JW Marriott Hotel, Hong Kong
According to a recent EI ...
Tuesday, 20 September 11
MTD INAUGURATES ITS COAL TERMINAL IN JAVA ISLAND
Press Release – MTD Group of Malaysia, one of prominent key players in the development of infrastructure in Malaysia, today inaugurated their ...
Tuesday, 20 September 11
DRY BULK MARKET LOSING ITS EDGE, RETREATING AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a surge during the past couple of weeks, which saw Capesize earnings boosted and the BDI (Baltic Dry Index) reaching levels of year high and c ...
Monday, 19 September 11
CHINA IMPORTS MORE THAN 10 MMT INDO COAL IN AUGUST 2011
COALspot.com - Indonesian coal exports dropped 1.642 million tons in August compared to July exports. Indonesia exports 29.662 million tons of coal ...
Monday, 19 September 11
INDOMOBIL ENTERING INTO COAL MINING BUSINESS
COALspot.Com- PT Indomobil Sukses Internasional Tbk, part of, one of Indonesia's largest conglomerates, to enter into mining industry ac ...
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- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
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- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Australian Coal Association
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- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
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- The Treasury - Australian Government
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- Alfred C Toepfer International GmbH - Germany
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- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
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- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
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- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
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- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
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- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
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- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
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- Straits Asia Resources Limited - Singapore
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- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
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- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
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- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
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- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
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- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
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- Mintek Dendrill Indonesia
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