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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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Friday, 09 September 22
GREECE WILL KEEP COAL-FIRED PLANTS RUNNING FOR LONGER AMID GAS CRISIS - REUTERS
Greece will keep seven coal-fired plants running for longer than previously planned as European countries adjust to a cut in gas flows coming from ...
Friday, 09 September 22
CHINA'S DROUGHT INTENSIFIES GLOBAL COAL SHORTAGE - REUTERS
China’s drought has sent coal prices surging as traders anticipate the lack of hydroelectric generation will force it to burn more coal to me ...
Thursday, 08 September 22
MOODY.S AFFIRMS ABM INVESTAMA'S B1 RATINGS FOLLOWING PLANNED MINORITY INVESTMENT IN COAL MINER; OUTLOOK STABLE
Moody's Investors Service has affirmed ABM Investama Tbk (P.T.)'s B1 corporate family rating (CFR), along with the B1 rating on its senior ...
Thursday, 08 September 22
MARKET INSIGHT - INTERMODAL
While the energy markets are historically stretched, Russian flows of crude oil are closely monitored as the oil trade is ultimately realigned. Mor ...
Friday, 02 September 22
INDONESIA COAL PRICE REFERENCE SLIPS SLIGHTLY IN SEPTEMBER 2022
COALspot.com: Indonesian Coal Price Reference for September delivery drops 0.74 per cent month on month.
The Indonesian Coal Price R ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- PTC India Limited - India
- White Energy Company Limited
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Australian Coal Association
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
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