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

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement