Eleven bidders in race for CIL’s coal import tender

Eleven bidders, including Adani Enterprises, have shown interest in the first-ever coal import tender issued by Coal India Limited (CIL).

CIL issued a tender for purchasing imported coal for power-generating companies after the centre directed it to meet the shortfall in the domestic coal supply chain. CIL has called for bids to supply 2.4 mt of coal to be delivered for the July to September 2022 period. The estimated value of the contract is Rs 31 billion. Apart from this immediate coal import, CIL has issued two more medium-term tenders for sourcing 3 mt each at the western and eastern ports of the country for future stocks. The last date or receipt of bids for short term tender is June 29, 2022, while that of medium term is July 5, 2022.