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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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Saturday, 05 September 09
INDIA BUYING INTO AUSTRALIA'S COAL - INTERVIEW
India is in line to buy vast amounts of Australian coal. An Indian cabinet minister is on a special mission to Australia to help satisfy India's ur ...
Saturday, 05 September 09
52 COMPANIES SUBMIT EOIS TO COAL INDIA
The Hindu, India's largest English news paper reported that, International mining majors from the U.S., South Africa, Australia and Indonesia are a ...
Friday, 04 September 09
INDONESIA PAITON ENERGY BUYS COAL FROM ADARO, KIDECO
PT Paiton Energy, an Indonesian independent power producer, has agreed to buy 3 million tonnes of coal from PT Adaro Energy Tbk (ADRO.JK) and PT Kid ...
Thursday, 03 September 09
ICVL IN TALKS FOR COAL BLOCKS IN INDONESIA
These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13
LiveMint reported ...
Tuesday, 01 September 09
THREE COAL INVESTMENTS AND A SECTOR ON FIRE
With recession fears fading into the past in Asia and growth increasingly back on track in the West, global energy demand is again surging. It's no ...
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- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
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- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
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- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
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- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
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- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
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