Coal India to source 6 MT more imported coal; floats medium-term tender

Two days ago, the company for the first time ever issued a tender for purchasing imported coal for gencos.

Coal India will get 6 million tonnes more coal from abroad, issuing medium-term tenders for supplies, said the state-owned company is a statement on Friday.

The bids are for 5,000 gar (gross as received) quality of thermal grade coal, said Reuters. The estimated value of work is pegged at Rs 3,850 billion for each tranche of 3 million tonnes (mts) of coal. Two medium term tenders for total of 6 mts coal quantity have an option of increasing bid quantity by 100 per cent to 12 mts.

Two days ago, the company for the first time ever issued a tender