We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 07 February 11
RICHARDS BAY COAL TERMINAL EXPORTS SURGE, BUOYED BY ECONOMIC DEVELOPMENT IN CHINA AND INDIA
COALspot.com - Richards Bay Coal Terminal (RBCT) announced today that 2010 exports have exceeded the last two years’ performance, said in a re ...
Monday, 07 February 11
RBCT SHIPPED 28.67 PERCENT LESS COAL IN JANUARY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest export coal terminal in the world, shipped 4,389,925 MT of coal in January 20 ...
Sunday, 06 February 11
THE PANAMAX & SUPRAMAX FUTURES FOR 2011-2013 WAS AT AROUND US$ 16,500 & US$ 15,000 PER DAY RESPECTIVELY
COALspot.com - With the Chinese new year holidays this week, the market has been fairly quite as expected.
The BDI saw a bigger drop compared to ...
Saturday, 05 February 11
INDONESIAN ENERGY MINISTER HAS SIGNED A DECREE FOR COAL TRANSPORTATION PERMITS ON FRIDAY
COALspot.com - Minister of Energy, Darwin Minister Saleh said, that, he had signed a decree for transportation and sale of coal, which was the ...
Saturday, 05 February 11
ANCHORAGE LOADING POINT MOVED TO MUARA JAWA
COALspot.com - The Ministry of Transportation Republic Indonesia has announced that, the loading point at Muara Berau, East kalimantan h ...
|
|
|
Showing 5391 to 5395 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- PTC India Limited - India
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
|
| |
| |
|
