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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, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- The University of Queensland
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Planning Commission, India
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
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