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Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE


Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid from Knowledge Infrastructure Systems rejected as incomplete, a government source said on Wednesday.

Bids from Adani Enterprises, Agarwal Coal, Coastal Energy and Bhatia International had qualified for technical evaluation in the tender to supply coal, which will be used by state power utility NTPC Ltd, said the source, who had knowledge of the tender but spoke on condition of anonymity.

"Knowledge Infrastructure has been disqualified as documentation was incomplete," the source said.

Knowledge Infrastructure had not supplied a certificate relating to a clause that a bidder should have supplied 2 million tonnes of coal to any of the specified industries in the past three years, the source said.

It had also not given a certificate that it had handled 2 million tonnes coal for any Indian firm in the past three years, he said.

The tender was first issued in May but it could not be awarded after Knowledge Infrastructure complained that some tender terms meant only Adani Enterprises would qualify.

MMTC reissued the coal import tender in late August.  The tender closed on Wednesday and was expected to be awarded by the end of next week, the source said.
Source: Reuters



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Thursday, 24 September 09
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Wednesday, 23 September 09
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Tuesday, 22 September 09
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