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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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Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
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- Coal and Oil Company - UAE
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- The University of Queensland
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
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