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Wednesday, 30 January 13
TNPL TO SECURE 300K MT OF IMPORTED COAL SUPPLIES AT US$ 75.95 PMT FOR MARCH - AUGUST 2013 DELIVERY


COALspot.com – Chennai  based Coastal Energy Private Limited (C&O Group of companies)  offered lowest price of US$ 75.95 per metric ton for calorific value of 6000 GAD and 15 percent total moisture coal for TNPL. The delivery period of this contract for 6 months starting from March 2013.

This price includes US$  3.50 - 4.00 logistics cost making the net CIF price around US$  72.50 - 72.00 per MT.

According to the tender norms,  the Gross Calorific Value (adb) of coal should be 6000 Kcal/Kg basis . The Inherent Moisture (adb) of around 10 pct,  Total Moisture (arb) 15 pct  basis . The  Ash content   (adb) 8 pct max , Sulphur (ADB)  0.8 pct max and  Volatile Matter (adb) 25 to 45 pct.

“ TNPL's  latest tender price is $75.95 which is 2 percent or US$1.65  lower than its last purchased price of US$ 77.60 per MT. TNPL has brought 300K tons of the fuel from Indonesia in the last tender from Coal Sourcing & Shipping Co and delivery to be completed by March 2013, before the new deliveries under the current tender starts,”  an Indian trader said.

TNPL is a regular importer of Indonesian coal, for its paper factory in Karur district, India.

Adani Enterprise, Coal Source and Shipping, MSTC, Rudhra Energy, Star Coal, Swiss Singapore, Chettinad Logistics,  Knowledge Infrastructure, Farlin Timbers  and Coastal Energy have submitted bids to supply 300,000 +/- 5% mts of non-coking coal.

Incidentally, the state run utility TANGEDCO (formerly known as TNEB) also uses imported coal for its Ennore, Mettur and Tuticorin plants. Through a global tender they have finalized in the month of Nov 2012 around 2.25 MMT at the levels of US$ 93 to 95pmt for Ennore and Tuticorini ports respectively for the same quality of coal, according to a trader, who is familiar with Indian coal imports.



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