We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 15 February 12
HBA FOR FEB 2012, CLIMBS 2.09 PERCENT AND REACHED US$ 111.58 PER TON
COALspot.com - The Indonesian coal reference price for February climbs 2.09 percent to US$111.58 per ton after losing past three months. ...
Monday, 13 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The current sentiment in the dry market resembles memories from the end of 2008, when the Baltic Dry Index closed at the level of 663 points on Dece ...
Sunday, 12 February 12
INDONESIA HAS ISSUED A REGULATION TO BAN THE EXPORT OF UNPROCESSED MINERALS AND METALS BY 2014
COALspot.com - The Indonesian government has finally issued a ministerial decree (7 Year 2012 dated 6 February 2012) to ban the export of unpro ...
Sunday, 12 February 12
THE BALTIC DRY INDEX CLIMBS 10.51%
COALspot.com - "The markets touched record lows not seen since mid 80’s. However there was some good news with signs of market recovery a ...
Saturday, 11 February 12
A SNAPSHOT ON THE ECONOMIC AND SHIPPING ENVIRONMENT - GOLDEN DESTINY
The week was highlighted with intense worries in the eurozone for Greece to secure its second bailout of $130billion by applying a ...
|
|
|
Showing 4851 to 4855 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- White Energy Company Limited
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
|
| |
| |
|
