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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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Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...
Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...
Sunday, 04 October 09
INDONESIAN COAL EXCHANGE FOR PRICE BENCHMARKING IN OFFING
Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...
Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
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- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
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- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
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- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
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- CNBM International Corporation - China
- White Energy Company Limited
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- Power Finance Corporation Ltd., India
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- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
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- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
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- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
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- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
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- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
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- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- ASAPP Information Group - India
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
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