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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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Monday, 31 October 22
CHINA COAL OUTPUT UP 12.3 PCT IN SEPTEMBER - XINHUA
China’s raw coal output posted stable expansion in September, official data showed.
The country produced 390 million tonnes of ...
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
BIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for ...
Monday, 24 October 22
KOSPO TO INVITE 400,000 MT OF COAL FOR 3 YEARS
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an international tender for 400,000 MT of 3,800 - 4,400kcal/kg NCV and Sulfur Max 0 ...
Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, econom ...
Wednesday, 19 October 22
WHAT WILL THE GAS MARKET LOOK LIKE IN A NET ZERO WORLD? - WOOD MACKENZIE
The global gas and LNG market faces a number of ‘great unknowns’. With the market in turmoil uncertainty abounds – from the scale ...
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- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Marubeni Corporation - India
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
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