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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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Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
Thursday, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
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- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- The University of Queensland
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Australian Coal Association
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