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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, 26 June 10
MONGOLIA COAL RAILWAY TO LINK WITH RUSSIA - BUSINESS WEEK
Business Week reported that, Mongolian lawmakers have approved plans for a rail line linking with Russia to help tap large coal deposits in the sout ...
Friday, 25 June 10
INDIAS THIRD-LARGEST SHIPPING COMPANY BAGS US$ 31 MILLION DEAL WITH SL
Daily Mirror reported that, Mainboard-listed and India-owned dry bulk shipping firm Mercator Lines says it has won a US$ 31 million contract in Sri ...
Friday, 25 June 10
DEMAND FOR COAL COULD BE GRADUALLY RETURNING - FEARNBULK
Handy
Atlantic markets seeing more activity today (23 June 2010) after a slump the last weeks. Supramax vessels open in USG are achieving low/mid ...
Thursday, 24 June 10
INDONESIAS BUMI DECLARED US$ 57.1 MILLION (AMOUNTING TO 30% OF 2009 NET INCOME) AS DIVIDEND
COALspot.com: PT Bumi Resources, Tbk’s Annual General Meeting (AGM) today was successfully held with a quorum of 75.89% resulting in sharehold ...
Thursday, 24 June 10
CHINA TARGETS 3.6 BILLION MT ANNUAL COAL OUTPUT FOR 2015
At a forum in Beijing entitled "Chinese energy strategy and energy development in the 12th five-year plan period (2011-2015)", He Youguo, ...
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- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- White Energy Company Limited
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Australian Coal Association
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
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