Adani Enterprises says won tender to supply imported coal to NTPC

Billionaire Gautam Adani’s port-to-energy conglomerate on Thursday said it had won a contract to supply imported coal to state-owned electricity generator NTPC but played down its significance saying the volume of 1 million tonnes was small.

“NTPC has awarded the contract to the company for the supply of 1 million tonnes of imported coal to its various power plants,” Adani Enterprises said in a stock exchange filing.

The contract, it said, was awarded by NTPC through “an elaborate bidding process (that) started in the end of October 2021, followed by reverse bidding and negotiations.”

As the news of NTPC sourcing coal from Adani got traction on social media, the group clarified that “the quantum of this order is a small quantity in overall import coal business of the company.”