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Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS


COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal traders, Sources said

Adani, Agarwal and Bhatia, three of the four shortlisted bidders, have bagged the latest MMTC coal tender for purchase of 12.5 million tones imported coal.

While Adani has been allotted 6.25 million tones, Agarwal will supply 3.75 million and Bhatia 2.5 Million tons. Successful winners will ship the cargo within 12 months as per tender requirements.

The average price for the entire import on delivered basis,  works out to INR 4,721 (US$ 100.127 ) per ton basis 6,300 K.cal/kg (GAD) Gross Calorific Value and 16% Total Moisture.

All arrivals will have to be completed by October 2010. It is believed that loading will commence soon
(1 USD = 47.1500 INR) cs.



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