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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, 28 May 12
COAL EXPORTS ARE JUMPING HIGHER, BUT PRICES ARE FALLING LOWER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31.86* million tons of coal in April 2012, compared to 30.64* million tons i ...
Sunday, 27 May 12
THE FREIGHT MARKET FROM INDONESIA TO INDIA WAS WEAK - VISTAAR
COALspot.com - The BDI continued to fall for the fourth straight week and the BDI fell by 9.38 pct this week closing at 1,034 points.
The Cape Si ...
Sunday, 27 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS HEADING TO SOUTH DIRECTION
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries have dropped this week by 5.43 percent an ...
Saturday, 26 May 12
DRY BULK SHIP OWNERS LOOKING TO CUT BACK ON TONNAGE SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of dry bulk carriers has been the most prominent problem in the market today, pushing down rates and ‘strangling’ profita ...
Thursday, 24 May 12
DRY BULK MARKET RETREATS ON LACK OF CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated yesterday on the back of lower Chinese demand for commodities such as coal and iron ore, typically hauled by dry bulk ...
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- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- VISA Power Limited - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- The University of Queensland
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
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