Adani Enterprises, Mohit Minerals and Chettinad Logistics are among the eleven coal importers who have shown interest in bidding for coal import tenders led by Coal India (CIL). During the pre-bid meeting, the interest bidders requested for amendment in limiting the time window of validity of bid price from 90 days to 60 days.
In its regulatory filing on Tuesday, Coal India announced that a total of eleven coal importers attended the session with company officials. Prominent among them were Indian agencies: Adani Enterprises Ltd., Mohit Minerals and Chettinad Logistics Pvt. Ltd. Some coal exporting agencies from abroad have also shown interest, including one from Indonesia.
Too, Coal India The bidders had requested significant amendments in the tender, reducing the time window of validity of the bid price from 90 days to 60 days.
Coal India, the largest coal producer in the world, held a three-day pre-mid meeting from June 14 to June 17 in which potential coal importing agencies showed interest in pitching in three international competitive bidding e-tenders that the company has Was. The imports for coal were floated at the beginning of the month.
The overseas sourcing of coal by Coal India was directed by the government.
Pre-bid meetings were conducted to help the bidders aspiring to compete in the process, to gain a better understanding of the bidding document, the scope of work and its nuanced colors and importantly to help out the crimps.
In other amendment proposals of interested bidders, the time period for supply of first installment of shipment was to be fixed between 4 to 6 weeks from the date of letter of award. Earlier, the supply schedule was based on a particular percentage of deliveries in each month of Q2 FY’23.
Finding the amendments favourable, Coal India revised the bidding document and a corrigendum has been floated on the e-procurement portal to expedite the process without any hassle.
Further, for coal that lands on Indian shores, coal quantity assessment and quality testing will have to be done through empaneled third-party sampling agencies of Coal India.
Earlier, Coal India had floated a short-term indent based international competitive bidding for 2.416 million tonnes (MT) of coal to source coal from overseas on behalf of State Gencos and Independent Power Plants (IPPs) for blending with domestic coal.
Later, two more medium term tenders were floated for sourcing 3 MT each in the western and eastern ports of the country to keep the coal on tap for immediate availability and future use.
For short term tender, the last date for receipt of tender has been fixed as 29 June, while for medium term the deadline has been fixed as 5 July.
Coal India shares closed on BSE 184.85 each, a decline of 4.49%.