Coal India cancels maiden short-term import tender

Coal India (CIL) has cancelled its maiden tender for short-term imports of coal, in which Adani Enterprises had emerged as the L1 bidder. Adani had quoted Rs 4,033 crore for the supply of 2.416 million tonne (mt) on a freight on road basis, but CIL ultimately didn’t issue the contract’s letter of award (LoA) to Adani.

However, it has already issued a LoA to Indonesian agency Bara Daya Energi Consortium for imports of 6 mt in the medium term and a contract has been given for importing 791,000 tonne during August-September, sources in the know said.