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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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Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Parliament of New Zealand
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