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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, 05 October 22
BUNKER PRICES DOWN AGAIN; IS THERE MORE TO COME? - INTEGR8 FUELS
It’s the economy…..”
VLSFO prices are now back to levels at the start of this year. After all the extremes of thi ...
Wednesday, 05 October 22
MARKET INSIGHT - INTERMODAL
Amid the looming western sanctions on Russia, the country is challenged to pivot its energy markets away from Europe and toward the East. Yet, Russ ...
Tuesday, 04 October 22
A REMARKABLE SHIFT IN FORTUNES HAS BEEN NOTED IN THE CRUDE OIL TANKER MARKETS - ALLIED SHIPPING
A remarkable shift in fortunes has been noted in the crude oil tanker markets over the past month, yet despite these shifts being seemingly in thei ...
Tuesday, 04 October 22
OIL PRICES COULD SOON RETURN TO $100 AS OPEC+ CONSIDERS ‘HISTORIC’ CUT, ANALYSTS SAY - CNBC
An influential alliance of some of the world’s most powerful oil producers is reportedly considering their largest output cut since the start ...
Tuesday, 04 October 22
INDONESIAN COAL PRICE REFERENCE SURGE AGAIN TO RECORD HIGH
COALspot.com: Indonesian Coal Price Reference reached another record high in October as Russia's war in Ukraine continues to spark a surge in c ...
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- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- VISA Power Limited - India
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- The University of Queensland
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
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