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.
|
|
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 ...
|
|
|
Showing 6316 to 6320 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Australian Coal Association
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
|
| |
| |
|
