Coal India floats tender for coal imports
COAL & MINING

Coal India floats tender for coal imports

On Wednesday Coal India Limited (CIL) floated an international competitive bidding e-tender, to seek bids for the import of 2.416 million tonne of coal.

An official statement said, the coal is being imported on behalf of the state generating companies (gencos) as well as independent power plants (IPPs) and is based on their indents for the July-September period of this fiscal year.

A provision in the tender exists to accommodate a variety of below or above 30% of the bid quantity. The coal imported is 5000 GAR (gross as received) thermal grade coal.

The government had nominated CIL as a centralised agency for increasing coal supplies to state gencos, and IPPs via import of coal when the demand for coal is high.

On June 2, CIL’s Board gave its nod for the proceeding with the issuance of two international tenders for importing coal from overseas, a short-term tender and a medium-term tender.

The short-term tender for coal import, for Q2 of FY23, is source agnostic, which means it can be sourced from any country.

The statement said although coal import is uncharted terrain for CIL, within a week of receiving indents from seven State Gencos and 19 IPPs, a total of 2.416 MT of coal, the company on a war footing has finalised and floated the tender.

The last date for the receipt of the bids is June 29.

Image Source

Also read: Ban on Coal usage in NCR from Jan 2023

On Wednesday Coal India Limited (CIL) floated an international competitive bidding e-tender, to seek bids for the import of 2.416 million tonne of coal. An official statement said, the coal is being imported on behalf of the state generating companies (gencos) as well as independent power plants (IPPs) and is based on their indents for the July-September period of this fiscal year. A provision in the tender exists to accommodate a variety of below or above 30% of the bid quantity. The coal imported is 5000 GAR (gross as received) thermal grade coal. The government had nominated CIL as a centralised agency for increasing coal supplies to state gencos, and IPPs via import of coal when the demand for coal is high. On June 2, CIL’s Board gave its nod for the proceeding with the issuance of two international tenders for importing coal from overseas, a short-term tender and a medium-term tender. The short-term tender for coal import, for Q2 of FY23, is source agnostic, which means it can be sourced from any country. The statement said although coal import is uncharted terrain for CIL, within a week of receiving indents from seven State Gencos and 19 IPPs, a total of 2.416 MT of coal, the company on a war footing has finalised and floated the tender. The last date for the receipt of the bids is June 29. Image Source Also read: Ban on Coal usage in NCR from Jan 2023

Related Stories

Gold Stories

Next Story
Real Estate

L&T Wins Mega Order for India’s Largest NVIDIA B300 AI Factory

Larsen & Toubro (L&T), through Vyoma.AI’s AI infrastructure subsidiary LTN Compute, has secured a mega order to develop what the company describes as India’s largest single-cluster AI infrastructure facility. The NVIDIA B300 AI Factory will support US-based AI cloud company Together AI’s platform for large-scale inference, fine-tuning and training workloads.The integrated AI Factory will be hosted at Vyoma.AI’s Chennai data centre campus and will have a capacity of 10,000 NVIDIA B300 GPUs. The platform will combine hyperscale data centre infrastructure, accelerated computing, h..

Next Story
Infrastructure Urban

Autodesk Elevates Nikhil Bagalkotkar to Lead AEC in India, SAARC

Autodesk has elevated Nikhil Bagalkotkar as Head – Architecture, Engineering and Construction (AEC), India and SAARC, with immediate effect.In his new role, Bagalkotkar will lead Autodesk's AEC business strategy across the region and drive adoption of the company's Design and Make platform. He will also focus on promoting digital design and construction technologies to help customers accelerate innovation and deliver more sustainable and resilient infrastructure.Bagalkotkar will be responsible for expanding Autodesk's AEC business, strengthening customer and partner engagement, and accelerat..

Next Story
Real Estate

Listed Developers' Pre-Sales Seen Rising 22.3 Per Cent in FY27

India's leading listed residential developers are expected to sustain strong sales momentum in FY27, with combined pre-sales of 11 major players projected to rise 22.3 per cent year-on-year, according to an analysis by ANAROCK Research & Advisory.Combined pre-sales of the developers are estimated to increase from Rs 1.49 trillion in FY26 to Rs 1.82 lakh crore in FY27. ANAROCK attributed the growth to sustained end-user demand, new project launches and strong execution despite higher property prices, construction costs and global uncertainties.Dr Prashant Thakur, Executive Director and Head..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement