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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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Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
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- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
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