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Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
 Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward revision of coal prices by government-owned Coal India Limited (CIL), which took place last week, is likely to have a divergent impact on the fossil fuel’s primary consumers such as cement, power and steel sectors. While cement makers’ margins will be under pressure, power producers will make a move to pass on the increased burden to consumers.The three sectors account for about 72 per cent of the total coal demand in the country.
On October 16, CIL increased the price of coal from Eastern Coalfields (ECL) and Bharat Coking Coal (BCCL) by 15 per cent, while all other subsidiary companies were permitted a hike of 10 per cent. This price increase is expected to swell CIL’s net profit by approximately Rs 2,000 crore this financial year and by about Rs 4,100 crore in the following year.
However, for the consuming sectors, especially the cement industry, the increase in coal prices will squeeze profit margins at a time when prices are already low due to rapid capacity augmentation.
Despite the fact that coal accounted for around two-thirds of the power and fuel cost, and 20 per cent of the total cost for cement manufacturers, firms would be unable to pass on the hike in coal prices to end users due to the current business environment, a report by Crisil Research suggested.
“The recent coal price hike will increase the cost of cement by Rs 3-4 a bag. However, this has been absorbed by manufacturers in the short-term. In the long run, though, if conditions are right, we could pass on the cost,” Cement Manufacturers Association President and Shree Cement Managing Director HM Bangur said. For the power sector, though, the impact of the upward revision of coal prices would be neutral, as the rise in cost of fuel would be passed on by the generators.
On an average, tariffs of power plants using domestic coal as fuel are expected to increase by 3-4 per cent. In rupee terms, the tariffs are expected to increase on an average by Rs 0.06 a unit. The rise is expected to increase the tariffs for final power consumers as the price hike will be passed on, the Crisil report further stated.
With the respective regulatory authorities of each state overseeing power tariffs, generators would first have to ascertain the increase in input costs and then approach the regulator for approval.
However, with the coal mixture of each generator differing, the choice being between CIL coal and that of the imported variety, it would take sometime before power utilities decide on the actual magnitude of the increase in tariff. “But 100 per cent, we will have to pass on the cost,” an official from the RPG’s power utility CESC said.
As for the steel industry, the Crisil report indicated that the coal price hike by CIL was not expected to have a significant impact on the steel industry as non-coking coal, which was primarily used by the sector, did not account for a significant portion of the total cost of steel manufacturing, except for steel made through the sponge iron route. Moreover, the dependence of domestic steel producers on CIL is only 25-35 per cent of their total requirement due to the availability of captive mines and imports. But Visa Steel Chairman and President of the Indian Chamber of Commerce Vishambhar Saran said the ex-pit head prices of CIL were already comparable to international prices, barring the freight factor cost. “The cost of setting-up a plant is higher if one is to use domestically available coal as compared to imported coal. This is because the former is of inferior quality and consequently extra costs such as ash disposal must be counted into the total project cost,” he added.
Source: Business-Standard
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Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
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- Petron Corporation, Philippines
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Planning Commission, India
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- Oldendorff Carriers - Singapore
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- Eastern Energy - Thailand
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- Aditya Birla Group - India
- Sical Logistics Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
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- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
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- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
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