CIL floats maiden tender for coal imports

Coal India Limited (CIL) has floated an international competitive bidding e-tender, seeking bids for import of 2.416 million tonnes (mt) of coal.

The coal being sourced on behalf of the state generating companies and independent power plants (IPPs) is based on the indents received from them. The current short term tender for import of coal, for second quarter of 2022-23, is source agnostic, meaning the coal can be sourced from any country.  In the tender, CIL has kept a provision to accommodate a variation of above or below 30 per cent of the bid quantity. Also, the coal being sought is 5,000 gross as received (GAR) thermal grade coal. Notably, the centre had nominated CIL as a centralised agency to augment coal supplies to state gencos and IPPs through import of coal, at a time when the demand for coal is high.