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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, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Australian Coal Association
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- The University of Queensland
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
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