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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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Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...
Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
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- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
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