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.
|
|
Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
Friday, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the hom ...
Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatchin ...
Friday, 04 December 09
DRY BULK MARKET IS ON THE RISE AGAIN
Proving rather resilient, compared to previous behaviors, the dry bulk market has been on a rebound mode once again, after a two-week fall, which su ...
Friday, 04 December 09
INDONESIA'S BUMI EYES MARKETING DEAL FOR BERAU COAL
Reuters reported that, Indonesian coal miner PT Bumi Resources Tbk said on Thursday it is in talks to be the exclusive marketing agent for coal prod ...
|
|
|
Showing 6201 to 6205 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- PTC India Limited - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
|
| |
| |
|
