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Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL


Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka Power Corporation Ltd (KPCL) following a tender last month, a Bhatia official said.

Bhatia's was the lowest offer into the KPCL tender by around $10.00 a tonne.

KPCL requires coal to be delivered to its power plants. The netback price of Indonesian coal of around 6,000 kcal/kg Gross Air Dried works out at around $50.00 a tonne FOB, Indian traders said.

KPCL had been widely expected to retender after a slew of complaints over its tender terms and conditions by competing Indian trade suppliers.
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