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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, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Edison Trading Spa - Italy
- Planning Commission, India
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Australian Coal Association
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
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