Indonesia's Bara Daya Energi outbids Adani in CIL tenders for coal imports

Indonesia’s Bara Daya Energi quoted the lowest bid for two coal import tenders of Coal India (CIL) for supplying 3 million tonne (MT) each. The firm has outbid Adani Enterprises, the only other bidder for these two tenders. Adani, however, has emerged as L1, or the lowest bidder, for the short-term coal import tender of CIL for supplying 2.4 MT.

The Indonesian company quoted Rs 4,331 crore for the eastern coast tender and Rs 4,497 crore for the west coast. Adani Enterprises, which came second, quoted Rs 5,035 crore and Rs 5080 crore for west and east coast, respectively. This