Adani wins key coal tender as India acts to avoid energy crisis
Adani Enterprises Ltd. has won a contract to supply overseas coal to India’s top electricity generator as the nation aims to avoid a repeat of last year’s energy crisis, according to people familiar with the matter.
Adani, India’s largest trader of imported thermal coal, will deliver 1 million tons to state-run NTPC NSE -1.67 % Ltd., which in October issued its first tender for coal imports in more than two years, the people said, requesting anonymity as the details are still private.
Kolkata-based Damodar Valley Corp. Ltd., also state-owned, is examining a proposal from Adani for the supply of the same volume to its power plants, the people said.
