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Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY


COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.

Seven Indian coal  traders have submitted price bid to supply 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calorific Value (ADB) 6000 Kcal/Kg, our sources said.

Adani Enterprise, Gupta coal, MSTC, Rudhra Energy, Star Coal, Knowledge Infrastructure  and Coastal Energy have submitted bids today, said a source familiar with this tender.

According to the tender issued on 1st March 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)  0.8pct max and  Volatile Matter (adb) 25 to 45 pct and above 45 pct will be rejected.

TNPL is a regular importer of Indonesian coal, for its paper factory in Karur district, India. It bought 240,000 tons of the fuel from Indonesia in November 2010 at US$ 81.20 CIF.

The reference price (HPB) set by Indonesia for coal grade of  5,667 GAR kcal/kg heating value was at a US$ US$ 103.50 per a ton based on March 2011 HBA. HBA index of March 2011, US$ 4.62 lesser than its record price of US$ 127.05 for 6322 GAR coal in February 2011.

TNPL, will conduct electronic bidding on Friday, 25 March 2011 and will award the contract to the lowest electronic or manual bidder.



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