Adani Enterprises to supply coal to NTPC

March 05, 2012

Adani Enterprises will supply 4MT of coal imported from global sources between March to June 2012 to NTPC’s 14 power stations.Adani Enterprises, part of the Adani Group, has signed five agreements for supply of imported coal with NTPC Ltd, the country’s largest power generation company.

Adani Enterprises will supply 4 million tonnes (MT) of coal imported from global sources between March to June 2012 to NTPC’s 14 power stations across India. The imported coal is required to meet the coal blending requirements of the NTPC power stations.

The company will supply 1MT of imported coal to NTPC’s Talcher power stations, 1MT for Farakka and Kahalgaon stations, 0.5MT for Simhadri and Ramagundam stations, 0.8MT for Dadri, Rihand, Singrauli, Tanda, Unchchar and Vindhyachal stations and 0.7MT for Korba and Sipat stations.

Adani Enterprises is India’s largest importer of coal with a market share of over 50 percent with almost all the state-run power utilities in India as its customers. It is developing and operating mines in India, Indonesia and Australia as well as importing and trading coal from many other countries.

The company is expected to mine 200MT tonnes of coal per year in 2020, making Adani one of the largest mining groups in the world. In the late afternoon, Adani was trading at around Rs356 per share on the Bombay Stock Exchange, 0.47% down from the previous close.

(sourced MoneyLife.in)

Adani Enterprises floats global tender for logistic services

Monday, Dec26, 2011

NEW DELHI: Adani Enterprises Ltd (AEL) has floated international tender for selecting a logistics service provider, who would be responsible for delivery of coal to various thermal power plants. "AEL hereby invites interested parties to participate in the bidding process for the selection of logistic service provider (LSP), on the basis of international competitive bidding, who will be responsible for...delivery of coal by rail-sea-rail route," according to a public notice today.

Adani Enterprises was appointed as the mine developer and operator for Machhakata coal block in Orissa by Mahaguj Collieries Ltd (MGCL), the joint venture between Maharashtra State Power Generation (MAHAGENCO) and Gujarat State Electricity Cooperation (GSECL).

The firm is also designated with the task of delivery of coal at the thermal power plants of MAHAGENCO and GSECL, the public notice said. "The LSP shall be responsible for all activities related to transportation of coal from AEL's coal washery to thermal power plants, when the coal is to be transported through rail-sea-rail option," it said.

"In addition, the LSP shall also be responsible for obtaining all clearances/approvals, and complying with all requirements of various government/non government agencies related to the scope of work (including approval...required on title of AEL & MGCL," it added.

(sourced ET)

Mundra Port delivers record coal to Adani Power

Monday, 12 Dec 2011

The Mundra Port and SEZ, the country's top private multi-port operator and a subsidiary of Adani Enterprises Ltd, has said its West Basin bulk coal handling terminal in the Gulf of Kutch delivered 62,718 tonnes a day of coal to Adani Power's power plant located adjacent to the port.

This large tranche of coal was delivered recently through a high speed conveyor belt at a speed of 6,000 tonnes per hour. The belt runs across 20 kilometers from the port to the power plant.

Adani Power Ltd is setting up a 4,620MW imported coal fired power plant at Mundra, while TATA Power Company is constructing a 4,000 MW ultra power project nearby.

Dr Malay Mahadevia whole time director at MPSEZ said the West Basin is Asia's largest coal import terminal, set up primarily to supply imported coal to the power plants in the region. It can handle capsize vessels up to 250,000 DWT and will have draft of 19.5 metres when fully developed.

Mundra Port, the country's fourth-largest commercial port, is expanding the West Basin terminal and construction for the fourth berth is going on in full swing. The company is also augmenting the material handling system to cater to additional volumes of imported coal for power plants in the vast North West Indian hinterland.

Last month, Mundra Port also commenced double-stack container trains to help control transportation costs. The trains are running from Mundra Port to Patli near Gurgaon, Haryana, thus, connecting Northern India to the west.

Keywords: West Basin bulk coal handling terminal, Gulf of Kutch,

(Sourced from BL)

MPSEZ rises on delivering record amount of coal a day

Tuesday, Nov 29, 2011

Mundra Port and Special Economic Zone rose 2.77% at Rs. 129.75 at 11:06 IST after the company said that its West Basin bulk coal handling terminal has delivered a record 62,718 tonnes a day coal to Adani Power's plant located adjacent to the port.

The announcement was made after market hours on Monday, 28 November 2011.

Meanwhile, the BSE Sensex was down 46.46 points, or 0.29%, to 16,120.67.

On BSE, 1.13 lakh shares were traded in the counter as against an average daily volume of 2.12 lakh shares in the past one quarter.

The stock hit a high of Rs. 130.55 and a low of Rs. 125.30 so far during the day. The stock had hit a 52-week low of Rs. 115.25 on 25 November 2011. The stock had hit a 52-week high of Rs. 169.75 on 28 October 2011.

The stock had underperformed the market over the past one month until 28 November 2011, sliding 22.50% compared with the Sensex's 9.20% decline. The scrip had also underperformed the market in past one quarter, falling 9.95% as against 2.01% rise in the Sensex.

The large-cap private port and special economic zone has an equity capital of Rs. 400.68 crore. Face value per share is Rs. 2.

This large tranche of coal was delivered through a world class high speed conveyor belt at a speed of 6,000 tonnes per hour. The belt runs across 20 kilometre from the port to the power plant, a statement by Mundra Port and Special Economic Zone (MPSEZ) said.

Adani Power, one of the country's largest private thermal power producers, is setting up a 4,620 megawatts (MW) power plant in Mundra, Gujarat while Tata Power is constructing a 4,000 MW ultra mega power project at the same location.

“The accomplishment of import and time-bound delivery of first such large tranche of coal establishes MPSEZ's prowess in developing world-class port infrastructure in India and abroad. The feat could be achieved by better planning skills, state-of-the-art Mundra Port and Special Economic Zone Limited mechanization and dedication of the port operator, displaying its leadership position in the port infrastructure sector,” said Dr. Malay Mahadevia, Whole Time Director at MPSEZ.

The West Basin is Asia's largest coal import terminal and has been set up to primarily cater to supply imported coal to the power plants in the region. It can handle capsize vessels up to 250,000 deadweight tonnes (DWT) and will have draft of 19.5 meters when fully developed.

Mundra Port is expanding the West Basin terminal and construction for the fourth berth is going on in full swing. The company is also investing heavily in augmentation of the material handling system to cater to additional volumes of imported coal for power plants in the vast North West Indian hinterland.

Last month, Mundra Port also commenced double stack container trains to help control transportation costs. The trains are running from Mundra Port to Patli near Gurgaon, Haryana, thus connected Northern India to the west.

Net profit of MPSEZ rose 29.17% to Rs. 273.42 crore on 44.20% rise in net sales to Rs. 587.76 crore in Q2 September 2011 over Q2 September 2010.

Mundra Port provides cargo handling and other value-added port services. Mundra SEZ is India's first port-based multi-product special economic zone.

Sourced IIFL

Adani denies involvement

Monday, 21 Nov 2011

Adani Enterprises said that it has no iron ore mine in Karnataka or anywhere else in the country and its only interest in the mineral is rendering port services to exporters.

An Adani spokesperson said in a statement that "We hereby confirm that Adani Enterprises has no iron ore mine in Karnataka or anywhere else in the country. We do not have any interest in iron ore except rendering port services to exporters/ miners of iron ore.”

The company provides services like storage, handling of various cargo and pay warfage charges to the port authorities. The entire responsibility of approvals relating to mine permits and transportation up to Belakary Port lie with the miner and or exporter.

It added that "Adani Enterprises has rendered such services in compliance of all rules and regulations laid down by the Port and Customs authorities. We would like to reiterate that we have not indulged in any unauthorized activities.”

The company's comments follow the Supreme Court today asking its expert committee to examine alleged illegalities committed by major companies involved in mining activities in Bellary district of Karnataka and neighboring Andhra Pradesh which have been indicted in the Lokayukta report.

An NGO has sought the extension of the CBI probe to cover two companies, including Adani Enterprises, that have been strongly indicted in the Karnataka Lokayukta report for illegal mining of iron and ore.


(Sourced from profit.ndtv.com)

Charge sheet against Adani Enterprises and 26

Monday, 31 Oct 2011

The New Indian Express reported that a CID team headed by SP Mr Bhemaiah and deputy SP Mr Muddumahadevaiah submitted a charge sheet containing 75 files against Adani Enterprises at JMFC Court at Ankola.

The charge sheet was submitted in connection with missing iron ore fine which was seized earlier by the forest department at Belekeri port in June 2010.

The charge sheets were also filed against 26 companies dealing with Adani Enterprises.

Since JMFC of Ankola was on leave, the CID team took the permission of JMFC, Kumta to file the charge sheet at Ankola Court.

It may be recalled that the CID had already filed charge sheets against Salgaonkars and the Rajmahal Company in the court on similar charges.

With this only Mallikarjun Shipping, which was operating at Belekeri, remains to be charge sheeted by the CID.

It may also be noted that earlier the CID had filed charge sheets against all the four companies in the court. However, the court had rejected them on the grounds that they were incomplete.

(sourced from indianexpress)

India September Coal Imports Dropped 6.3%, Interocean Data Show

Tue,Oct 25, 2011

Coal imports by India’s power, cement and steel companies fell 6.3 percent in September, the second consecutive monthly drop, according to data from the Interocean Group of Companies.

Adani Enterprises Ltd. (ADE), Bhatia International Ltd., JSW Energy Ltd. (JSW) and other companies imported 9.27 million metric tons of steam and coking coal last month via 28 Indian ports, Interocean, a New Delhi-based ship broker, said in a document obtained by Bloomberg News. That’s down from 9.9 million tons received in August.

Mundra, a port on the west coast, where the Adani group imports most of its coal, received the highest shipments totaling 1.9 million tons. The eastern ports of Paradip, Krishnapatnam and Gangavaram received 927,213 tons, 723,422 tons and 624,837 tons of the commodity, respectively, Interocean data showed. Visakhapatnam, also in the east, received 615,225 tons.

Most imports came from Indonesia, Australia and South Africa, according to the document.

(sourced Bloomberg)

INDIA’S TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY

Wednesday, 23 March 11

Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.

Seven Indian coal traders have submitted price bid to supply 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calorific Value (ADB) 6000 Kcal/Kg, our sources said.

Adani Enterprise, Gupta coal, MSTC, Rudhra Energy, Star Coal, Knowledge Infrastructure and Coastal Energy have submitted bids today, said a source familiar with this tender.

According to the tender issued on 1st March 2011, the quality of coal should be Gross Calorific Value (adb) 6000 Kcal/Kg basis and will be rejected if GCV is below 5600 kcal/kg. The Inherent Moisture (adb) of around 10 pct, Total Moisture (arb) 15 pct basis and above 23 pct will be rejected. The Ash content (adb) 8 pct max , Sulphur (ADB) 0.8pct max and Volatile Matter (adb) 25 to 45 pct and above 45 pct will be rejected.

TNPL is a regular importer of Indonesian coal, for its paper factory in Karur district, India. It bought 240,000 tons of the fuel from Indonesia in November 2010 at US$ 81.20 CIF.

The reference price (HPB) set by Indonesia for coal grade of 5,667 GAR kcal/kg heating value was at a US$ US$ 103.50 per a ton based on March 2011 HBA. HBA index of March 2011, US$ 4.62 lesser than its record price of US$ 127.05 for 6322 GAR coal in February 2011.

TNPL, will conduct electronic bidding on Friday, 25 March 2011 and will award the contract to the lowest electronic or manual bidder.

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Adani buys 1st Russian coal cargo

Mar7, 2011 8:35pm IST

New DelhiEW DELHI (Reuters) - Adani Enterprises has bought its first cargo of Russian coal in a bid to diversify its coal supply, Adani Coal and Carbon Credit Chief Executive Officer Vinay Prakash said on Monday.

Low freight rates particularly for capesize vessels were shrinking the difference in delivered costs for coal from origins such as South Africa, Colombia, Australia and Russia, allowing Indian importers to take a wider variety of coal, he said.

The March loading capesize cargo of low-sulphur coal will be shipped from a Pacific port by one of Russia's biggest exporters, he said.

He declined to name the Russian supplier.

The price was close to the current levels for South African coal, he added.

"We finalised our first Russian coal shipment yesterday," Prakash said.

"We have looked at taking panamax cargoes from Vostochniiy in the Pacific before but the freight was too high, in cape sizes it's much more viable," he added.

Prompt South African coal cargoes are currently trading at around $118-120 a tonne free-on-board Richards Bay. (Reporting by Jackie Cowhig,Reuters)

Tags ;Colombian coal, Australia, Pacific Port, South African coal price $118- 120 a tonne FOB Richards Bay

NTPC to form JVs for foreign plants in 3 months

Monday, 14 Mar 2011 | Reuters

India's top power utility NTPC plans joint ventures in three months to build USD 3.5 billion power plants in Bangladesh and Sri Lanka.

In August, NTPC agreed with Bangladesh Power Development Board to set up two coal fired power plants of 1320 MW capacity each in an equal partnership venture. NTPC has also agreed to set up a 500 MW plant in Sri Lanka at a cost of about USD 500 million.

Mr Arup Roy Choudhury told Reuters in an interview that NTPC, whose 85% of current 33.2 GW capacity is coal based, has no plans to acquire overseas coal mines for at least two years as supplies for existing plants have been locked in.

I He said that "We plan to sign agreements on these two projects in 2 to 3 months with local joint venture partners.”

He said that NTPC which generates about 30% of the country's power, plans to add 25,000 MWs of electricity by 2017. Mr Roy Choudhury said that "Every third bulb in the country is lit by NTPC.”

While India has the world's fourth largest coal reserves, its coal imports have grown rapidly as Asia's third largest power producer seeks to step up capacities to end blackouts.

Power firms, including Reliance Power, TATA Power Co and Adani Enterprises have acquired coal assets overseas besides importing coal from Russia to power world's second fastest growing major economy.

But NTPC has no such plans at least for next two years.

He said that "We already have order for next two years in hand. I don't expect any overseas coal mine acquisition in at least two years. That might happen after two years, but definitely not now. We are not in a hurry to acquire overseas coal mines at least in two years."

India's coal imports in the current fiscal is estimated at 137 million tonne, junior coal minister Mr Pratik Prakashbapu Patil told lawmakers on Wednesday.