NTPC places order for 7 mt of imported coal with 4 suppliers
26 Aug 2014
August 26: NTPC Ltd has placed orders for a total quantity of 7 million tons (mt) of imported steam coal with four suppliers, including Adani Enterprises and Gandhar Oil, a source told ICMW.
“The order was formally placed a few days ago and was divided between the L1 and L2 bidders in the ratio of 70:30,” the source said.
ICMW had reported on July 28 that Adani Enterprises had emerged L1 bidder in three tenders for a total quantity of 4.95 mt whereas Gandhar Oil had emerged as L1 in one tender.
Coastal Energy and Agarwal Coal have emerged L2 in the tenders where Adani was L1 whereas Trimex emerged L2 bidder in the tender where Gandhar Oil was L1.
The tenders in which Adani had emerged L1 are 1.55 mt for supply to Dadri, Sipat and Mouda plants, 2.25 mt for Talcher, Kaniha, Farakka, Kahalgaon and Barh plants and 1.15 mt for Rihand and Vindhyachal plants.
“As per the terms and conditions of the tender, L1 bidder will supply 70% of the total quantity while L2 bidder in the above tenders would supply 30% of the order quantity at the matching price of L1,” the source added.
Earlier, NTPC used to share the order quantity among L1, L2 and L3 bidders in the ratio of 50:30:20.
Gandhar Oil, on the other hand, has emerged L1 for supply of 2.05 mt coal to NTPC’s Simhadri and Ramagundam plants,” the source said.
Industry sources, quoting some reports, said the delivered price for Simhadri and Ramagundam is around $79 per ton (Trimex and Gandhar), $130 per ton for Dadri, Sipat and Mouda plants and also Vindhyachal and Rihand plants (Adani, Maheswari) whereas the delivered price was around $102 per ton for Talcher, Kaniha, Farakka, Kahalgaon and Barh plants (Adani, Coastal).
NTPC had floated four separate invitation for bids (IFB) for procurement of imported coal and the last date of submission of bids and techno-commercial bid opening dates was initially fixed as June 5, but was extended to June 12 and then again to June 25.