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Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
The state-run miner posted a consolidated net profit of 68 billion rupees ($816.3 million) for the quarter ended Sept. 30, up 12.5% from last year.
It also beat analysts’ estimate of 63.70 billion rupees, as per LSEG data.
Power demand in India, which usually peaks in May due to extreme summer heat, remained high in the reporting quarter due to unusually dry weather and higher economic activity, amid a drop in hydroelectric output.
The country’s power demand hit a high of 241 gigwatts (GW) in the second quarter, surpassing the Central Electricity Authority’s target of 230 GW for fiscal 2024 as hydropower generation fell 11% due to reduced rainfall caused by El Nino, Elara Capital said in a note.
Thermal power – derived from burning fuels such as coal – had to fill the gap as nearly 75% of India’s power generation comes from the fossil fuel.
Coal India’s revenue grew 9.8% to 327.76 billion rupees, also beating the estimates, as production of raw coal jumped 13.1%. Analysts had expected a revenue of 323.66 billion rupees.
Total expenses grew 9.4% to 260 billion rupeeson the back of higher employee and contractual expenses. However, its raw materials cost fell 15.1%.
The company also declared its first interim dividend of 15.25 rupees per share for the ongoing financial year.
In May, Coal India had raised prices of non-coking coal by 8% for high grades, which it said would add an extra revenue of 27.03 billion rupees in the balance of the fiscal.
Source: Reuters
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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
...
Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- The University of Queensland
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
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