Maharashtra reviewing four bids in large coal import tender
COAL & MINING

Maharashtra reviewing four bids in large coal import tender

Maharashtra is currently reviewing four bids that were received for a tender to supply two million tonnes (mt) of imported coal. It is expected that the final details will be out in the next month.

The Maharashtra State Power Generation Corporation Limited (Mahagenco) said it received bids for the above-mentioned tender, the largest one in at least the last three years, from Chettinad Logistics, Mohit Minerals, Adani Enterprises, and Gandhar Oil Refinery.

India has informed utilities to establish imports to the highest levels in six years as a response to the increased demand for coal as power sources soar. Maharashtra is the most industrialised state in the country and also the biggest power consumer.

Mahagenco stands in the process of finalising the cost, reasonability, and financial viability of the bids they have received. It is expected that the authorities will finalise the tender by mid-April 2022.

The directive to boost imports is issued at a time when the global prices trade at steep premiums to an average 2021 level post the invasion of Russia on Ukraine. Increased imports by India might further increase the pressure on prices.

Expensive imports might further add to the financial targets of the debt-laden power distributors owned by the state government, which have overdue payments of almost $5 billion to power generators.

Image Source

Also read: Maha govt seeks centre's intervention for Chhattisgarh coal block nod

Maharashtra is currently reviewing four bids that were received for a tender to supply two million tonnes (mt) of imported coal. It is expected that the final details will be out in the next month. The Maharashtra State Power Generation Corporation Limited (Mahagenco) said it received bids for the above-mentioned tender, the largest one in at least the last three years, from Chettinad Logistics, Mohit Minerals, Adani Enterprises, and Gandhar Oil Refinery. India has informed utilities to establish imports to the highest levels in six years as a response to the increased demand for coal as power sources soar. Maharashtra is the most industrialised state in the country and also the biggest power consumer. Mahagenco stands in the process of finalising the cost, reasonability, and financial viability of the bids they have received. It is expected that the authorities will finalise the tender by mid-April 2022. The directive to boost imports is issued at a time when the global prices trade at steep premiums to an average 2021 level post the invasion of Russia on Ukraine. Increased imports by India might further increase the pressure on prices. Expensive imports might further add to the financial targets of the debt-laden power distributors owned by the state government, which have overdue payments of almost $5 billion to power generators. Image Source Also read: Maha govt seeks centre's intervention for Chhattisgarh coal block nod

Next Story
Infrastructure Transport

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Next Story
Infrastructure Urban

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Next Story
Technology

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?