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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 ($816.3 million) for the quarter ended Sept. 30, up 12.5% from last year.
It also beat analysts’ estimate of 63.70 billion rupees, as per LSEG data.
Power demand in India, which usually peaks in May due to extreme summer heat, remained high in the reporting quarter due to unusually dry weather and higher economic activity, amid a drop in hydroelectric output.
The country’s power demand hit a high of 241 gigwatts (GW) in the second quarter, surpassing the Central Electricity Authority’s target of 230 GW for fiscal 2024 as hydropower generation fell 11% due to reduced rainfall caused by El Nino, Elara Capital said in a note.
Thermal power – derived from burning fuels such as coal – had to fill the gap as nearly 75% of India’s power generation comes from the fossil fuel.
Coal India’s revenue grew 9.8% to 327.76 billion rupees, also beating the estimates, as production of raw coal jumped 13.1%. Analysts had expected a revenue of 323.66 billion rupees.
Total expenses grew 9.4% to 260 billion rupeeson the back of higher employee and contractual expenses. However, its raw materials cost fell 15.1%.
The company also declared its first interim dividend of 15.25 rupees per share for the ongoing financial year.
In May, Coal India had raised prices of non-coking coal by 8% for high grades, which it said would add an extra revenue of 27.03 billion rupees in the balance of the fiscal.
Source: Reuters
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Friday, 02 September 22
ABM INVESTAMA BUYS 30% GEMS SHARES FOR US$ 420 MILLION
PT ABM Investama Tbk through its indirect subsidiary, bought a 30% stake in the PT Golden Energy Mines Tbk for US$ 420 million or around Rp 6.2 tri ...
Wednesday, 31 August 22
MARKET INSIGHT - INTERMODAL
Scorching temperatures and extremely dry conditions during the Northern hemisphere summer have been drying crops. Yield prospects have subsided in ...
Tuesday, 23 August 22
HIGH COAL PRICES COULD BOOST INDONESIA'S ENERGY TRANSITION - IEEFA
Global coal prices have reached an all-time high as countries stop purchasing Russian coal amidst the Russia-Ukraine conflict. Indonesian coal comp ...
Tuesday, 23 August 22
A COMBINED US$6.8-BILLION CASH BALANCE OF INDONESIAN COAL COMPANIES COULD PROVIDE FOR TIMELY INVESTMENTS IN GREEN TRANSITION - IEEFA
A combined US$6.8-billion cash balance of Indonesian coal companies could provide for timely investments in green transition
The opp ...
Tuesday, 23 August 22
SHIPPING INDUSTRY TO REMOVE THE INDIAN OCEAN HIGH RISK AREA - BIMCO
After more than a decade of effective threat-reducing counter-piracy operations the shipping industry has removed the ‘Indian Ocean High Risk ...
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- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
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