Business Standard

Thursday, December 19, 2024 | 09:21 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Adani Enterprises lowest bidder in Coal India's import tender: Report

A total of 11 importers and some overseas traders had shown interest in the tender during the pre-bid meeting

Union power minister R K Singh has blamed the steep rise in the prices of imported coal on the Russia-Ukraine war.
Premium

CIL is importing coal as the central government is looking to build enough stock at power plants before monsoon season affects coal mining, leading to a decrease in supply.

BS Web Team New Delhi
Coal India Ltd floated its first import tender on behalf of power companies, where Adani Enterprises Ltd came out to be the lowest bidder, a report in The Economic Times said. The company quoted Rs 4,033 crore for the supply of 2.416 million tonnes of coal on a freight-on-road (FOR) basis, the report added. 

Behind Adani were Mohit Minerals and Chettinad Logistics, who quoted Rs 4,182 crore, and Rs 4,222 crore, respectively, the report said. The bids opened on Friday. 

Between January and June, Gautam Adani-led Adani Enterprises bagged multiple contracts for coal import. Last year in December, the group

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in