Coal India Ltd (CIL), a major state owned Coal producer, looking out for imported Coal supplier, has received no interest from the participants.

CIL has released the tender worth INR 30 billion on 15 Nov, 2013 for importing 5 MnT Coal on the basis of delivery at plant. At the closing time of the tender on Tuesday, passive interest has been seen from the participants.

CIL official has declined to talk on the issue but sources confirmed that till IST 1430 hrs CIL had not received any bid. The tender deadline was 1100 hrs IST, 17 Dec, 2013.

The reason behind lack of participant’s attention has not been confirmed yet.
Coal India had released the tender to cover the shortfall in its supplies. Coal India, the world’s largest Coal mining company, floated a tender on 15 Nov, 2013 for selecting a vendor via competitive bidding to supply imported Coal as its production of about 482 MnT (target in the year to March) is quite below India’s demand of over 700 MnT a year.