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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, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...
Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Planning Commission, India
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
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