Adani Enterprises, the flagship company of the Adani Group, has emerged as the lowest bidder for the first coal import tender of Coal India Limited (CIL), the state-owned coal producing company Coal India on behalf of power generating companies. Was taken out
According to the report of ‘The Economic Times’, people associated with the matter have told that Adani Enterprises has made a bid of Rs 4,033 crore for the supply of 2.416 million tonnes of coal on freight-on-road basis. It was followed by Mohit Minerals at Rs 4,182 crore while Chettinad Logistics placed the third lowest bid at Rs 4,222 crore. The imported coal will be given to seven government and 19 private power generating power plants.
Even before this, Adani Enterprises has won several coal import contracts from state-owned power generation company NTPC between January and June. In December last year, India coal was imported from Adani Enterprises’ coal mine in Queensland, Australia. There are also reports that the Adani Group may also bid for a tender to import 6 metric tonnes of coal, which opens on Tuesday.
Significantly, the government is importing coal to maintain adequate stock in power plants before the monsoon rains lead to coal mining and supply depleting. At the same time, it is estimated that due to the sowing season, the demand for electricity may go to the highest level in monsoon.
According to the latest data available from the Central Electricity Authority, all the thermal power plants in the country have coal reserves of 26.8 million tonnes. The government has asked all power generation units to import 10% of their coal requirement and they will blend it with domestic coal.