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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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Friday, 22 April 11
DRY BULK MARKET KEEPS FALLING, NOW AT TWO-MONTH LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems unable at the moment to recover from the weight of newbuilding deliveries, resulting in too many ships competing for fewer ...
Wednesday, 20 April 11
TNPL SECURED 160K MT OF COAL WITH CALORIFIC VALUE 6000 GAD AT US$ 93.44 PMT
COALspot.com - Delhi based Knowledge Infrastructure Systems Pvt. Ltd once again offered the lowest price of US$ 93.44 per metric ton for calorific v ...
Wednesday, 20 April 11
TSI LAUNCHES GEO-COAL UPGRADING TECHNOLOGY
Simple yet effective process boosts calorific value of low rank coal to provide lower cost energy across the world.
Press Release - Total Sinergy ...
Wednesday, 20 April 11
ADARO TO PAY OUT RP 970B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, the annual shareholders meeting of coal producer PT Adaro Energy on Wednesday agreed on the disbursement of Rp 970.7 ...
Wednesday, 20 April 11
INDIA IMPORTS MORE COAL FROM INDONESIA
COALspot.com - Indonesian coal exports jumped 23.31 percent during March 2011. The world’s largest coal exporter shipped 27, ...
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- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
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- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- The University of Queensland
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
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