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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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Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
Monday, 24 May 10
PAMA TO CLOSE COALS ACQUISITION IN 2010
Insider Stories reported that, Indonesia's largest coal mining contractor PT Pamapersada Nusantara, subsidiary of PT United Tractors Tbk (UNTR), wi ...
Sunday, 23 May 10
SINGARENI LEVIES PREMIUM TO BALANCE COAL DEMAND - BUSINESS STANDARD
Business-Standard reported that, In view of the rising demand for coal, Singareni Collieries Company Limited has recently levied a premium on c ...
Saturday, 22 May 10
THE BRENT CRUDE PRICES WAS SHARPLY DOWN AT US$ 71.72 PER BARREL - VISTAAR SHIPPING
COALspot.com: The freight market was under pressure with the caps size index down by 10 pct with uncertainty in Europe crisis continuing.
The BD ...
Saturday, 22 May 10
PORT CONGESTION IN AUSTRALIA HELPING RATES CHINA COAL IMPORT BOOM TO CUSHION FREIGHT RATES
China's record coal imports this year will provide some support to freight rates but growing pressure from fleet oversupply is set to limit gains. ...
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- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Australian Coal Association
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Planning Commission, India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
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