Indonesian firm Bara Daya Energi outbid Adani Enterprises to emerge as the lowest bidder for Coal India’s (CIL) two medium-term tenders to import 6 million tonne of the fuel for supplies to power generators. According to tender conditions, coal is to be delivered at western and eastern coastal ports between July 2022 and June 2023.
Bara Daya Energi, which has a tie-up with Gujarat-based GHV India, quoted Rs 4,331 crore, while Adani quoted Rs 5,080 crore. Earlier, for a short-term tender by CIL to import 2.42 MT, Adani was the lowest bidder quoting Rs 4,033 crore for supplies to power plants on a freight-on-road (FOR) basis.
Adani’s bid was followed by Mohit Minerals and Chettinad Logistics, which quoted Rs 4,182 crore and Rs 4,222 crore respectively. CIL sources, however, told FE the company would inform the exchanges about the L1 bidders only after the financial bid is finally and properly evaluated.
