+
CIL cancels maiden short-term import tender
COAL & MINING

CIL cancels maiden short-term import tender

Coal India (CIL) has cancelled its first procurement for short-term coal imports, in which Adani Enterprises had been the winning bidder. Adani had bid Rs 40.33 billion for the delivery of 2.416 million tonne (mt) on a freight on road basis, however CIL did not award the contract to Adani. However, it has already issued a letter of intent to Indonesian agency Bara Daya Energi Consortium for medium-term imports of 6 million tonnes, and a contract for importing 791,000 tonnes has been signed, according to individuals in the know. While CIL admitted that it had cancelled its first tender, it did not provide any explanation.

As per reports, while Adani has emerged as the L1 bidder, it will only issue an official disclosure alerting stock markets after conducting a rigorous financial review. According to trade sources, CIL regarded Adani's financial offer to be expensive, with a significant price differential against their predicted tender value of Rs 3850 billion, for 2.4 mt of imports.

Coal India (CIL) has cancelled its first procurement for short-term coal imports, in which Adani Enterprises had been the winning bidder. Adani had bid Rs 40.33 billion for the delivery of 2.416 million tonne (mt) on a freight on road basis, however CIL did not award the contract to Adani. However, it has already issued a letter of intent to Indonesian agency Bara Daya Energi Consortium for medium-term imports of 6 million tonnes, and a contract for importing 791,000 tonnes has been signed, according to individuals in the know. While CIL admitted that it had cancelled its first tender, it did not provide any explanation. As per reports, while Adani has emerged as the L1 bidder, it will only issue an official disclosure alerting stock markets after conducting a rigorous financial review. According to trade sources, CIL regarded Adani's financial offer to be expensive, with a significant price differential against their predicted tender value of Rs 3850 billion, for 2.4 mt of imports.

Next Story
Infrastructure Transport

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

Next Story
Infrastructure Transport

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Next Story
Infrastructure Transport

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App