Coal India gave a shock of 4000 crores to Adani, the contract for import of coal was canceled
Coal India was given the contract for import of coal by seven state power generation companies and 19 private power companies. In lieu of these companies, Coal India was going to import 2.416 million tonnes of coal for short term. Adani Group got the same contract which has been cancelled.
The contract was awarded for 4033 crores.
Coal India’s Adani Group (Adani Group) has given a blow of 4300 crores. The tender for import of coal for short term was issued by Coal India (Coal India).Coal India tender for coal import) has been cancelled. Adani Group had won this tender by making a minimum bid of 4033 crores. Under this bid, Adani Group would import 2.416 million tonnes of coal on behalf of Coal India. The company had placed a bid of around Rs 17,000 per tonne for import of 24.16 lakh tonnes of coal. According to the latest information, Indonesia’s agency Bara Daya Energy had bid less than Rs 2000 per tonne from Adani Group for the medium term. This company has been asked to import 6 million tonnes of coal. The company has been asked to import 7.91 lakh tonnes of coal in the months of August and September.
A response was sought from Adani Enterprises in this regard, but there was no response from their side. Coal India had floated a tender for import of 24.16 lakh tonnes of coal on June 9. Its purpose was to ensure adequate coal supply to the power plants in the country. On June 10, the company had floated two medium-term tenders for import of 6 million tonnes of coal from abroad.
Immediate import of 7.91 lakh tonnes of coal
Coal India has taken up the responsibility of importing coal on behalf of power generation companies. For the months of August and September, 7.91 lakh tonnes of coal will be imported for Genco. The import will be for power generation companies – Adhunik Power, Sai Wardha, Rattan India, Avantha Power and Infrastructure, CESC, Lanco Amarkantak Power, Jindal India Thermal Power, ACB India, KSK and DB Power.
Two types of contracts were issued
According to a report published in the Financial Express, to deal with the power crisis, Coal India Limited decided to issue two types of contracts on June 2. The short term contract was issued for the purpose of blending. A medium term contract was to be issued for the coal stock. Coal India was given the contract for import of coal by seven state power generation companies and 19 private power companies. In lieu of these companies, Coal India was going to import 2.416 million tonnes of coal for short term. After issuing the tender, Coal India has decided to cancel the short term tender.
