CIL cancels maiden short-term import tender

19 Jul 2022 CW Team

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.

Infrastructure Transport

02 Apr 2026

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..

Neoterra Developments breaks ground on ELMORA at Jumeirah Garden City

Neoterra Developments has officially commenced construction of its upscale residential tower, ELMORA, at Jumeirah Garden City following a groundbreaking ceremony held in Dubai. The developer confirmed that the project is scheduled for completion in February 2028 and also announced its next residential development in Dubai Production City, which is expected to be launched in Q2 2026.ELMORA, valued at approximately AED 130 million in gross development value (GDV), is being developed in collaboration with GRID, which has been appointed as the project’s Development Lifecycle Management (DLM) par..