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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, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and J ...
Sunday, 19 February 12
THE SPOT FIXTURE RATES WERE REPORTED AT HIGH LEVELS - VISTAAR
COALspot.com - "The markets seems to holding back this week appears the momentum which picked up last week may slow down" - Capt. Reddy of ...
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agre ...
Friday, 17 February 12
COLOMBIA COAL PRODUCTION, EXPORTS JUMP IN 2011: GOVT - COLOMBIA REPORTS
Colombia Reports reported that, colombia's coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose ...
Thursday, 16 February 12
GEARING UP FOR THE EMERGING OIL & GAS OPPORTUNITIES IN MYANMAR
Press Release - Myanmar Ministry of Energy and Centre for Management Technology (CMT) to Co-host MOGP (Myanmar Oil, Gas & Power) Summit on 28 - ...
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- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Posco Energy - South Korea
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
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