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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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Wednesday, 30 November 22
INDONESIA’S BUMI RESOURCES TARGETS 2023 COAL OUTPUT OF 80 MLN TONNES - REUTERS
Indonesian coal miner PT Bumi Resources Tbk BUMI.JKis eyeing a 10% increase in output to 80 million tonnes next year amid expectations for more fav ...
Wednesday, 30 November 22
TANKERS: LONGER HAULS TO SUPPORT CONTINUED STRENGTH - BIMCO
Highlights
A rebound in the dirty tanker trade has led the Baltic Exchange Dirty Index (BDTI) to increase by 64% since our last report from mid ...
Wednesday, 30 November 22
MARKET INSIGHT - INTERMODAL
Shipping, although a conservative and innovation adverse industry, is currently in a transition period of digital transformation. According to a su ...
Tuesday, 29 November 22
INDIA TO RECEIVE FIRST LNG CARGO FROM INDONESIA’S TANGGUH LNG - REUTERS
India will receive its first cargo from Indonesia’s Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a ...
Tuesday, 29 November 22
SEABORNE COAL FLOWS IN 2022 - SIGNAL
This year is crucial for the energy mix in European countries, as the EU has imposed new sanctions on Russia. It is important to emphasize that the ...
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- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- PTC India Limited - India
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
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