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Saturday, 16 April 11
TNPL RECEIVES 1.6MT OF COAL OFFERS - SOURCES


COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its 160,000 MT coal inquiry today.

More than a half a dozen of Indian coal  trading companies, including Adani, Knowledge Infra, MSTC, Maheswari, CEPL, Starmin, Star Coal and Gupta coal  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. Knowledge Infra has won the TNPL’s recent tender to supply 160,000 MT of thermal coal.

According to the tender issued on 2nd 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)  0.8pct max and  Volatile Matter (adb) 25 to 45 pct and above 45 pct will be rejected.

TNPL is a traditional consumer of Indonesian coal, for its paper factory in Karur district, India and TNPL has closed its recent tender on 25th March 2011 to buy 160,000 mt of thermal coal at US$ 97.10 PMT.

The reference price (HPB) set by Indonesia for coal grade of  5,667 GAR kcal/kg heating value was at a US$ 103.50 a ton based on March 2011 HBA. However, TNPL's recent coal purchased price was much lesser than Indonesian declared price for 5667 GAR coal.

TNPL, may conduct electronic bidding on next Tuesday or Wednesday and will award the contract to the lowest electronic or manual bidder, a bidder said.



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