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Saturday, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (thermal) imported coal to Gujarat State Electricity Corporation Ltd (GSECL) on high seas sale basis.
The five players, who have bid for supplying imported coal to the state PSU, include ADANI ENTERPRISE, a trading arm of the Adani Group, MMTC, STATE TRADING CORPORATION (STC), ANAND GROUP and COASTAL ENERGY, a subsidiary of Dubai-based Coal and Oil Group.
All the companies have submitted technical and financial bids. "Currently, we are evaluating technical bids. The bidding process is likely to be completed within one month," said a senior company official.
The state-run power company had floated tender in September 2009 for procurement of 15 lakh (1.5 million) metric tonnes of coal. The total size of the tender is Rs. 750 crore (US$ 161,463,970).
GSECL intends to procure 15 lakh (1.5 million) metric tonnes of imported coal for one year, which will be used for its Gandhinagar, Wanakbori and Sikka thermal power stations. The successful bidders will have to supply 1.25 lakh (125,000) metric tonnes per month.
As per the eligibility criteria set by GSECL, a single bidder must have supplied annual average quantity of 10 lakh (1 million) tonnes of imported steam (thermal) coal to power utilities in India in last three financial years (i.e. 30 lakh (3 million) tonnes in 2006-07, 2007-08 and 2008-09). The supply could be directly or through PSUs. In case of joint venture or consortium, at least on member of the JV/consortium must have supplied the said quantity.(1 USD = 46.4500 INR)
Source:Business-Standard
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Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
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- MS Steel International - UAE
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- Indian Energy Exchange, India
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- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
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- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
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- The University of Queensland
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- The Treasury - Australian Government
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