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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, 31 October 22
CHINA COAL OUTPUT UP 12.3 PCT IN SEPTEMBER - XINHUA
China’s raw coal output posted stable expansion in September, official data showed.
The country produced 390 million tonnes of ...
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
BIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for ...
Monday, 24 October 22
KOSPO TO INVITE 400,000 MT OF COAL FOR 3 YEARS
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an international tender for 400,000 MT of 3,800 - 4,400kcal/kg NCV and Sulfur Max 0 ...
Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, econom ...
Wednesday, 19 October 22
WHAT WILL THE GAS MARKET LOOK LIKE IN A NET ZERO WORLD? - WOOD MACKENZIE
The global gas and LNG market faces a number of ‘great unknowns’. With the market in turmoil uncertainty abounds – from the scale ...
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- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
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