State-owned Coal India Ltd’s tender seeking to appoint a vendor for a Rs. 3,000 crore project to import five million tonnes (mt) of coal to help make up for India’s short supply has failed to attract any participants, a top executive said on Tuesday.
The deadline for the tender was 11am on Tuesday.
“There is no participation in the tender till now (1430 hours India time)… We will wait till the end of the day (to see if there are any applicants),” said the official, who is close to the tendering process but declined to be named. “It is too early to say what the reason is. It will have to be analysed.”
Coal India, the world’s largest coal mining company, floated a tender on 15 November for selecting a vendor via competitive bidding to supply imported coal as its own production of about 482 mt (target in the year to March) is below India’s demand of over 600 mt a year.
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