Coal India Ltd (CIL) has come up with back-to-back tenders in order to mobilise enough volumes of imported coal as assigned by the government.
The company has floated two separate tenders of 3 million tonnes (mnt) each for sourcing imported coal. These are medium-term tenders for a total quantity of 6 mnt with an option to double the requirement to 12 mnt.
The unusual exercise has been carried out to aid the power plants facing critical inventory levels at a time demand for coal is particularly high. Incidentally, the recent development came only a day after the company had issued its maiden tender for imported coal by inviting bids for 2.416 mnt.
However, in the previous tender, the company had sought imported coal on behalf of power plants which had already placed their orders. The latest tenders are not intent-based, but have been initiated to keep a ready stock of imported coal as and when a power plant approaches CIL.
Accordingly, the shipment would be delivered within 30 days from the date of placing the indents at FOR destination basis for the concerned plant.
Bidding process
The eligible participants can take part in the bidding process by submitting quotation for supplying coal of 5,000 GAR (gross as received) grade of foreign origin. The bid evaluation would be based on the quoted price for delivering coal to a port and loaded on to wagon.
CIL has identified nine destination ports for discharge of this imported coal. These are spread across the eastern and western coasts and the bidders are required to supply 3 mnt each at the two coasts.
The tenure for coal supply is for a period of one year starting July 2022 till 30 June 2023. The minimum indent quantity has been fixed at 50,000 tonnes. Last date of bid submission is 5 July 2022.
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