New Delhi: Coal India Ltd has shortened the validity of price bids in its first coal import Tenders from 90 days to 60 days after potential suppliers citing market volatility to demand several changes.
At pre-bid meetings earlier this week, 11 potential suppliers, including at least two from Indonesia, called for the change. Indian participants include Adani Enterprises, Mohit Minerals and Chettinad Logistics, the company said, but did not name foreign participants, citing their terms of confidentiality.
CIL has also accepted the suggestion to fix the delivery period for the first installment of shipment between four to six weeks from the date of contract. The tenders were originally based on a supply schedule at a specific percentage of deliveries every month during the July-September quarter.
CIL has floated three tenders for import of over 8 million tonnes of coal for power generation. The first tender of 2.4 million tonnes is based on indents from state utilities and private production companies.
The remaining two tenders are for 3 million tonnes, aimed at meeting domestic supply and increasing the fuel inventory at power plants.
The first tender will close on June 29, while the two medium-term tenders will close on July 5.
At pre-bid meetings earlier this week, 11 potential suppliers, including at least two from Indonesia, called for the change. Indian participants include Adani Enterprises, Mohit Minerals and Chettinad Logistics, the company said, but did not name foreign participants, citing their terms of confidentiality.
CIL has also accepted the suggestion to fix the delivery period for the first installment of shipment between four to six weeks from the date of contract. The tenders were originally based on a supply schedule at a specific percentage of deliveries every month during the July-September quarter.
CIL has floated three tenders for import of over 8 million tonnes of coal for power generation. The first tender of 2.4 million tonnes is based on indents from state utilities and private production companies.
The remaining two tenders are for 3 million tonnes, aimed at meeting domestic supply and increasing the fuel inventory at power plants.
The first tender will close on June 29, while the two medium-term tenders will close on July 5.