Adani emerges as lowest bidder in CIL import tender
COAL & MINING

Adani emerges as lowest bidder in CIL import tender

Adani Enterprises has emerged as the lowest bidder in Coal India’s (CIL) first coal import tender floated on behalf of power generation companies. Adani Enterprises quoted Rs 4,033 crore for the supply of 2.416 million tonne (mt) of coal on a freight-on-road (FOR) basis. Mohit Minerals was next with a Rs 4,182 crore bid, followed by Chettinad Logistics at Rs 4,222 crore. This imported coal will go to seven state-generating companies and 19 private power plants.

Adani Enterprises has bagged multiple coal import contracts from NTPC between January and June. The Adani Group in December last year shipped out the first consignment of coal from its Carmichael mines in Queensland, Australia. Industry insiders said it is also eyeing Coal India’s two e-tenders totalling 6 mt, for which bids have to be submitted.

“The bids received are being looked into and will require approval from Coal India’s board,” a government official said.

CIL had earlier said a total of 11 importers and some overseas traders had evinced interest in the pre-bid meeting. The government is looking at imported coal to build adequate stocks at power plants before monsoon rain hits coal mining and supply decreases. India’s power demand peaks post-monsoon due to high agricultural consumption and warm weather conditions.

Adani Enterprises has emerged as the lowest bidder in Coal India’s (CIL) first coal import tender floated on behalf of power generation companies. Adani Enterprises quoted Rs 4,033 crore for the supply of 2.416 million tonne (mt) of coal on a freight-on-road (FOR) basis. Mohit Minerals was next with a Rs 4,182 crore bid, followed by Chettinad Logistics at Rs 4,222 crore. This imported coal will go to seven state-generating companies and 19 private power plants. Adani Enterprises has bagged multiple coal import contracts from NTPC between January and June. The Adani Group in December last year shipped out the first consignment of coal from its Carmichael mines in Queensland, Australia. Industry insiders said it is also eyeing Coal India’s two e-tenders totalling 6 mt, for which bids have to be submitted. “The bids received are being looked into and will require approval from Coal India’s board,” a government official said. CIL had earlier said a total of 11 importers and some overseas traders had evinced interest in the pre-bid meeting. The government is looking at imported coal to build adequate stocks at power plants before monsoon rain hits coal mining and supply decreases. India’s power demand peaks post-monsoon due to high agricultural consumption and warm weather conditions.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?