Indian state-owned trading firm MMTC on Wednesday resumed the bidding process to import 12.5 million tonnes of non-coking coal for power major NTPC,
after a previous bidding process had to be cancelled due to alleged flouting of norms by some bidders.
Five companies are learnt to have expressed an interest in participating in the current bidding process for importing coal. The firms include Bhatia International, Adani Enterprises, Agrawal Coal, Dubai-based Coal & Oil and Knowledge Infrastructure.
MMTC has asked for bids to supply 6,300 Kcal/kg non-coking coal to NTPC that will cost the power major about Rs 7,500 crore. MMTC is expected to announce the successful bidder within two weeks. MMTC had cancelled the earlier bidding process after Knowledge Infrastructure alleged foul play after its bid was rejected.
NTPC is exploring all options to source coal as stocks at eight of its plants are below normal levels. NTPC’s annual coal requirement totals 150 MT, of which 130 MT is sourced from Coal India.
Source: Economic Times
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