We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
 Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw Tata Power’s net sales in the December 2009 quarter dip 12 per cent year-on-year to Rs 1,528 crore. Operating income and net profits, however, surged 42 per cent and 28 per cent to Rs 364 crore and Rs 148 crore, respectively.
The dip in realisations can be attributed to passing of lower fuel costs to consumers, while the closure of two units in Trombay meant that power generation was flat in spite of 500 Mw of capacity added in 2009. Fuel costs per unit of electricity generated declined from Rs 3.31 in the December 2008 quarter to Rs 2.46 for the latest quarter.
|
|
“TATA is on track to nearly double its generation capacity to 5,800 Mw by end of 2011-12”
|
|
A change in fuel mix in favour of gas led to a 26 per cent saving in fuel costs. This was partly passed to consumers resulting in realisations falling 12 per cent year-on-year to Rs 4.1 a unit in the quarter from Rs 4.7 in the year ago period. Average tariffs for merchant sales also dropped to Rs 5.37-6.21 from Rs 5.5-6.5 in previous quarters, according to analysts. Operationally, generation and sales remained flat. Overall, Earnings Before Interest, Taxes, Depreciation and Amortization margins expanded 9.5 percentage points y-o-y to 26.8 per cent (led by savings in fuel costs), though they were lower by 265 basis points sequentially.
The company is on track to nearly double its generation capacity to 5,800 Mw by end of 2011-12. Most projects are on schedule with the Maithon plant scheduled for commissioning in 2010-11 and Mundra UMPP scheduled for 2011-12. The company has received approval for its mining plan in Mandakini coal block with most formalities already been completed. Coal production is expected to start from July 2011 according to analysts. The Tubed block mining proposal has also been approved and submitted to the state government. Production is targeted from February 2012.
Tata Power is seen as a quasi-coal play given its acquisition of stake in two Indonesian coal mines of Bumi group. Bumi mined 29.3 million tonnes at an average cost of $60 per tonne in the first half of 2009-10. Coal prices have firmed by 11 per cent to about $90 per tonne since November 2009, analysts say.
Consolidated numbers due later this month will therefore be an interesting watch. Another positive is a freeing up of about 500 Mw that was earlier supplied to Reliance Infra in Mumbai. About 200 Mw will be available for merchant trading and the rest will be sold on regulated basis from April 2010.
The stock has largely performed in line with the BSE Sensex since the beginning of 2010. It ended yesterday at Rs 1,265, down by Rs 10 over Wednesday’s closing, and trades at 15.4 times consensus analyst 2010-11 EPS estimates. Analysts value the stock at Rs 1,500 on sum-of-the-parts basis which includes the company’s investments in Bumi (coal mines) and telecom among others, indicating that there is room for upside.
Source: Business-Standard
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
|
|
|
Showing 6006 to 6010 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Parliament of New Zealand
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Planning Commission, India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Interocean Group of Companies - India
- MS Steel International - UAE
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
|
| |
| |
|
