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Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create demand amid concerns over fall in despatches. The company is primarily tapping domestic coal based power plants and non power consumers which import coal.
CIL so long didn’t have to think of demand and meeting the power sector’s requirement was a challenge till recently. Even when the non power sector was starved of coal and had to lift the fuel, paying high premium above notified prices through e-auctions, CIL gave priority to the power sector for supplies. However, with the power sector piling up with 50 million tonne of stocks sufficient for 29 days of consumption, the mining behemoth will now have to focus on marketing and look into the factors that create demand.
A CIL official said the company so long has worked on the supplies side improving facilities to its customers like reduction in reserve prices of coal in auctions and liasoning with the Railways on behalf of the customers but never looked into the mechanism of creating demand. Demand is based on many factors like logistics, freighter movement, fluctuation in international prices, affecting landed cost most importantly the liquidity condition of the consumer. CIL will now have to take into considerations these factors too.
To find the avenues for expanding its supplies, CIL is now focusing on non power sector consumers like sponge iron, cement, fertiliser, captive power plants, and steel, persuading them to replace their imported coal with domestic coal. “Dialogue is on with customers who opted for import substitution in FY20. Until demands picks from the non power sector supplies will be low key,” a CIL official said.
CIL has also developed a portal in which consumers can register the details of their demand for domestic coal towards import substitution and secure allocation of the fuel. CIL has flagged for government’s consideration the case for lower or discounted railway tariff for transportation of quantities of domestic coal booked by consumers which will facilitate import substitution.
Although the company feels the move would result in curtailing forex outgo arising out of coal imports and help CIL expand its supply volumes, CIL continues to be beset with tepid demand for coal with most of the customers shying away from lifting adequate quantities. Power sector, which makes up close to 80% of CIL’s total supplies, is brimming over with nearly 50 million tonne (MT) of coal sufficient for 29 days of consumption ending May 2020. Already many plants have started restricting supplies from CIL further shrinking the despatches of coal companies. For the month of May 2020, power sector at 30.15 MT, lifted only around 75% of coal, from CIL, compared to what it did same month a year ago, resulting in a 10.23 MT slide in supplies. During May 2019, power utilities lifted 40.38 MT of coal.
Meanwhile, the Center has mulled creating a coal exchange in the lines of commodity exchange with a view to open the sector to market forces with the government allowing commercial mining. The coal ministry is likely to begin auctioning of around 50 coal blocks for commercial mining on June 11. The government plans to get ready with the coal exchange with the commercial miners getting ready for production. All the coal produced in the country, including CIL’s will be traded through the exchange online and market forces will determine pricing of coal in a transparent manner.
CIL officials said this form of coal, trading would mean end of the regime of fuel supply agreement (FSA) and coal will be thrown open to the markets. In view of that, CIL, though would continue to remain a lead player, would need to transform itself to a market driven company, for which it is reorienting it marketing to work on creating demand. With the coal sector thrown open to the market, every consumer be it the power or non power sector, will have a level playing field.
Source: Financial Express
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
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Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Indian Oil Corporation Limited
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