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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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Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
* COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES
* RECAPITAL CONFIRMS IT HAS BID FOR BERAU
* BAKRIE GROUP LIKELY TO BACK BID – SOURCES
...
Tuesday, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
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- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- The University of Queensland
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
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