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Thursday, 31 January 13
MMTC TO IMPORT 2.68 MMT OF COAL FOR ARAVALI POWER CORPORATION LTD


COALspot.com: The tender floated by MMTC on behalf of Aravali Power Corporation Ltd, a Joint venture between NTPC and State of Haryana for supply of 2.68 MMT of imported coal closed yesterday.

As per the tender norms the lowest price bidder would get 50 percent of the quantity followed by second lowest bidder 30 percent and  third lowest bidder 20 percent  provided second and third lowest bidders match L1 price.

However if the second and third lowest bidders decided to not to match L1 price, then the unmatched portion of L2 & L3 would be retendered.

A trader who familiar with the tender,  mentioned that, only four parties have put in their bids. 

An Indian coal importers such as Adani Enterprises, Knowledge Infrastructure, Gupta coal and Coastal Energy have submitted the bids and the price bid is expected to be opened next week, according to a trader.



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