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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, 10 September 12
TNPL, AN INDIAN PAPER MAKER IS SEEKING FOR 300K MT OF IMPORTED NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint & Papers Ltd. , an Indian paper maker, is seeking 300,000 metric tons ± 5% (In 6 Shipments about 50,0 ...
Monday, 10 September 12
DRY BULK MARKET SLOWLY BUT SURELY REACHING CRITICAL STATUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The radical consequences of the shifts in dry bulk demand and prices, especially for the most sought after commodity, concerning the industry, i.e. ...
Monday, 10 September 12
ORPHEUS ENERGY SECURES INDONESIAN COAL TRADING LICENSE
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced today that the Indonesian Ministry of Energy and Mineral Resources h ...
Monday, 10 September 12
A SNAPSHOT ON THE ECONOMIC AND SHIPPING ENVIRONMENT - GOLDEN DESTINY / HELLENIC SHIPPING
The European Central Bank left its interest rate unchanged at 0.75% focusing on pushing down borrowing costs in troubled economies, Spain and Italy. ...
Sunday, 09 September 12
H213 SUB-BIT FOB INDONESIA COAL SWAPS ARE TRADING HIGHER
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 0.14 percent W-O-W on 7 September 2012, Friday closing but gained ...
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- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
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