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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, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- CNBM International Corporation - China
- VISA Power Limited - India
- Petron Corporation, Philippines
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
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