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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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Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
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- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- The University of Queensland
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
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