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Sunday, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICRA said on Thursday.
In a recent note on the primary base metal industry, ICRA said that the earnings of the industry would continue to remain under pressure in the second half of the current fiscal, following a dull performance in the first half of FY’23.
“Elevated coal costs along with metal price corrections remain the key headwinds affecting the margins, with no immediate relief in sight,” ICRA said in a statement.
On account of input cost pressures, the rating agency said it has revised its estimates of operating profitability of domestic players downward to 18 per cent in the current fiscal.
ICRA’s operating profitability forecast for domestic players is almost 3 percentage points lower compared to its earlier forecast made in September last year and 10 percentage points lower compared to FY’22.
“In FY2024, while some respite is expected from better availability of coal linkages, the profitability is expected to remain range-bound at 19-20 per cent.
“Also, our base case does not factor in any significant adverse impact of another pandemic led demand destruction in CY2023,” Jayanta Roy, Senior Vice-President and Group Head, Corporate Sector Ratings, ICRA said.
Source: PTI
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Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
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