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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, 27 March 12
DRY BULK MARKET KEEP RISING FOLLOWING THE SAME TREND OF LAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum this week, on the same reasons of those last week. That is, the smaller ship types are still on the ris ...
Monday, 26 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The Baltic Dry Index follows its upward incline for fourth consecutive week by rising to more than 900 points, up by 37% from the bottom low in the ...
Monday, 26 March 12
GOLDEN MINES FY11 REVENUE JUMPS 209% - INSIDER STORIES
Insider Stories reported that, coal miner PT Golden Energy Mines Tbk (GEMS), that is controlled by Sinar Mas Group, recorded a 209% jump in revenue ...
Saturday, 24 March 12
AUSTRALIA'S MINERAL TAX : BENCHMARK FOR OTHER COUNTRIES - SUNIL K KUMBHAT
COALspot.com - Natural resources rich counties like Australia , Indonesia , South Africa , Brazil etc are going through a spectacular resources boom ...
Saturday, 24 March 12
THE AVERAGE CHARTER RATES WAS AT CAPESIZE $ 4,546 PER DAY VS SUPRAMAX / $ 10,819 PER DAY - VISTAAR
COALspot.com - The BDI crossed 900 points this week closing at 908 points up by 3.89 pct. All other sectors were up except for cape index whic ...
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- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- The University of Queensland
- GMR Energy Limited - India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Planning Commission, India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
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