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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, 20 July 11
DRY BULK MARKET KEEPS ON FALLING ON SOFTENING CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated to lower ground on Tuesday, as the industry’s benchmark, the BDI (Baltic Dry Index) fell to 1,330 points, down b ...
Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
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- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Planning Commission, India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
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