Coal India: Adani Enterprises bids lowest in CIL import tender
became the lowest bidder in Coal India’s first coal import tender launched on behalf of power generation companies, people familiar with the details said. Adani Enterprises has quoted Rs 4,033 crores for supplying 2.416 million tonnes (mt) of coal on road freight (FOR) basis. Mohit Minerals was next with an offer of Rs 4,182 crore, followed by Chettinad Logistics at Rs 4,222 crore. Tenders were opened on Friday. This imported coal will go to seven state generation companies and 19 private power plants. won several coal import contracts between January and June. In December last year, the Adani Group shipped the first batch of coal from its Carmichael mines in Queensland, Australia. Industry insiders said they were also eyeing Coal India’s two electronic tenders totaling 6 tonnes, for which bids are due by Tuesday.
“The offers received are under review and will require approval by the Coal India board,” a government official said.
() and Adani Enterprises had no comment.
CIL previously said that a total of 11 importers and some foreign traders had expressed interest in the pre-tender meeting.
The government plans to import coal to build up sufficient stocks at power stations before monsoon rains hit coal mining and supply dwindles. India’s electricity demand peaks after the monsoon due to high agricultural consumption and hot weather.
The latest available data from the Central Electricity Authority showed that thermal power plants had 26.8 million tonnes of coal stock. Factories will mix it with household coal. The government has asked all power stations to import 10% of their coal needs.
CIL will import coal on behalf of the power plants to increase the supply of coal to the power plants. Power plant coal inventories declined rapidly over the summer as electricity demand hit a record high amid persistently high temperatures.
After price discovery through bids, CIL will execute a contract with the winning bidder and also enter into a back-to-back agreement with the state power producers and independent power producers (IPPs) receiving the imported coal. The imported coal will be transported through nine ports located on the east and west coast of the country. The selected agency will deliver coal to the doorstep of the power plants of power producers and IPPs.