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Wednesday, 27 October 10
TNPL TO AWARD 240,000 MT COAL SUPPLY CONTRACT TO COAL & OIL


COALspot.com:
Tamil Nadu Newsprint Papers Limited, Tamil Nadu state owned Newsprint and Printing & Writing Paper producer has opened a coal purchase tender today.

According to our market sources, Dubai based Coal & Oil Company, one of the leading international coal trader and its Indian arm Coastal Energy Private Limited,  becomes L1 in tender to supply 0.24 million tons of non-coking coal to TNPL. 

TNPL likely to award 240,000 MT of  non coking coal supply contract to Coal & Oil and supplies will start from January 2011.

CNO will supply 240,000 MT of Imported coal with 6000 kcal/kg Calorific value on air dried basis and 15 percent total moisture. The total quantity of 240,000 MT to be supplied within five months starting from January 2011 to May 2011. The contract would be on Turnkey terms and discharge port would be Tuticorin, Tamil Nadu, according to  our sources.

C&O has offered lowest price of US$ 81.33 per MT basis GCV 6000 (GAD) and Total Moisture 15% (ARB) to grab the order from TNPL. CEPL, Member of C&O has recently grabbed a coal supply contract from MMTC.

Coal & Oil Company has been awarded recently  “International Coal Trader of the Year – 2010”  by McCloskey Coal Conferences of London, a one of the world leader in  International Coal events.

“Total eight Indian based coal trading or coal importing companies have participated in this tender”, said a participant.  TNPL is a regular buyer of Indonesian coal and once TNPL has supplied coal to state owned Electricity board, TNEB
.(cs)

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