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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, 19 September 22
BUMA AUSTRALIA AWARDED A$400 MILLION CONTRACT EXTENSION BY BMA FOR GOONYELLA PROJECT
Press Release – PT Delta Dunia Makmur Tbk. (the "Company") announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA ...
Saturday, 17 September 22
CHINA WARNS COAL COMPANIES AGAINST DUAL CONTRACTS, KEEP PRICES STABLE - REUTERS
China’s state economic planner warned coal companies operating at ports in the Bohai Bay region to comply with their long-term contracts to k ...
Saturday, 17 September 22
IS A GLOBAL RECESSION IMMINENT? - WORLD BANK
Since the beginning of the year, a rapid deterioration of growth prospects coupled with rising inflation and tightening financing conditions, has i ...
Saturday, 17 September 22
FITCH RATINGS REVISES GLOBAL METALS & MINING PRICE ASSUMPTIONS
Fitch Ratings has revised its metals and mining price assumptions reflecting evolving economic growth expectations and demand and supply dynamics.
...
Friday, 16 September 22
WHEN IS A VESSEL'S INCOME EARNING CAPACITY AT RISK? 'CONTROLLED INCOME CAN BE A KEY OF SUCCESS' - MARASCO MARINE
Managing marine risks is not an easy task, which requires special knowledge and expertise on the subject per se. Customarily, big ship management c ...
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- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- VISA Power Limited - India
- The University of Queensland
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Posco Energy - South Korea
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
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