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Wednesday, 20 April 11
TNPL SECURED 160K MT OF COAL WITH CALORIFIC VALUE 6000 GAD AT US$ 93.44 PMT
 COALspot.com - Delhi based Knowledge Infrastructure Systems Pvt. Ltd once again offered the lowest price of US$ 93.44 per metric ton for calorific value of 6000 GAD and 15 percent total moisture coal for TNPL against its recent tender.
According to E-Tender conducted by TNPL at 3 PM IST today, US$ 98.60 was quoted as lowest price, our sources said.
However, the manual bid which opened at around 4.30 PM IST today, shows US$ 93.44 PMT as the lowest price. Knowledge Infrastructure would emerge as lowest and emerged as the contract winner. This price includes US$ 2-3 logistics cost making the net CIF price around US$ 90 - 91 per MT, which was almost same or little above than current FOB price of 6300 GAD coal of Indonesian Origin.
CEPL, another bidder who has emerged as L2 is very close with US$ 95 PMT but all other participants were above US$ 100 pmt and even some offered at US$ 115 per MT, said a trader who is familiar with the tender.
On 25th of last month, TNPL has finalized 160,000 MT of coal at US$ 97.10 from Knowledge infrastructure. Within 25 days TNPL, successfully brought down the price by US$ 3.66 per MT and Knowledge infrastructure become lowest bidder again and may bag another 160,000 MT from TNPL to supply from July 2011.
TNPL over the period of several years got the exposure and experiencing the market pulse so well and pitching their next move intelligently to secure the best of the world.
One of the far east trader commented that, the way TNPL conduct the e-auction and manual bid whichever is low is really revealing and appreciable. This gives excitement and hope for the bidders at different stages. It looks like a business combined with excitement filled game.
He also commented and wonder why the other state PSU such as TNEB is not adopting the same methodology and getting the best rates.
According to the tender issued on 2 April 2011, the quality of coal should be Gross Calorific Value (adb) 6000 Kcal/Kg basis and will be rejected if GCV is below 5600 kcal/kg. The Inherent Moisture (adb) of around 10 pct, Total Moisture (arb) 15 pct basis and above 23 pct will be rejected. The Ash content (adb) 8 pct max , Sulphur (ADB) 0.8 pct max and Volatile Matter (adb) 25 to 45 pct and above 45 pct will be rejected.
TNPL tender terms say, the winner will be selected based on the lowest bid either from e-tender or sealed manual tender price. The manual bids were opened around 4.30 pm IST today, and Knowledge infrastructure's price was the lowest among the all other participants. Most probably, TNPL, will award the 160,000 MT of coal supply order to Knowledge infrastructure.
TNPL's latest tender price is 3.76 percent or US$ 3.66 lower than its last purchased price of US$ 97.10 per MT. TNPL is a regular importer of Indonesian coal, for its paper factory in Karur district, India.
Adani Enterprise, Gupta coal, MSTC, Rudhra Energy, Star Coal, Starmin, MSTC, Phonex Comtrade, and Coastal Energy are other participants of this tender.
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- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
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- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
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- Power Finance Corporation Ltd., India
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- Economic Council, Georgia
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- Medco Energi Mining Internasional
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- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
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- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
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- Goldman Sachs - Singapore
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- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Planning Commission, India
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- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
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- Parliament of New Zealand
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- Energy Development Corp, Philippines
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- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- The University of Queensland
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- Siam City Cement - Thailand
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- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
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- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
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- Rio Tinto Coal - Australia
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- Coal and Oil Company - UAE
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- Metalloyd Limited - United Kingdom
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