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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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Saturday, 25 February 23
INDONESIA IS STILL BY FAR THE TOP SUPPLIER OF COAL TO CHINA - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, said ban ...
Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progre ...
Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially add ...
Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faste ...
Saturday, 18 February 23
PAKISTAN PLANS TO QUADRUPLE DOMESTIC COAL-FIRED POWER, MOVE AWAY FROM GAS - REUTERS
Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming ...
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- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Planning Commission, India
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- PTC India Limited - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
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