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The Centre had nominated the maharatna firm as a centralised agency to increase coal supplies to state gencos and IPPs through import of dry-fuel at a time when the demand for coal is high.The company’s board had last week given its go-ahead for the public sector unit to proceed ahead with the issuance of two international tenders - a short-term and a medium-term - for sourcing coal from overseas. This means the coal can be sourced from any country.
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The coal being sourced on behalf of the state gencos and Independent Power Plants (IPPs) is based on the indents received from them.It is for July-September period of the current fiscal year.Though coal import is an uncharted terrain for CIL, within a week of receiving indents from the seven state gencos and 19 IPPs, for a total of 2.41.6 MTs of coal, the company on a war footing has finalised and floated the tender.The current short-term tender for import of dry fuel for the second quarter of the ongoing financial year is source agnostic. With little or no experience in coal imports, CIL has floated two back-to-back international competitive bids, as assigned by the government, in a record time adhering to the timeline set.”In a first-ever, Coal India Limited on Wednesday floated an international competitive bidding e-tender, seeking bids for import of 2.416 million tonnes (MTs) of coal,” the company had said in a statement on Thursday. However, that was for a limited period and limited quantity,” it said.The last date for submission and opening and the bids received is July 5. The estimated value of the work is pegged at Rs 3,850 crore for each tranche of three million tonnes.”This comes close on the heels of a short term e-tender of similar nature that the state owned coal mining behemoth issued on June 8. This means delivery at the doorstep.For the 6 MTs coal sought through competitive bids, nine destination ports have been identified for the discharge of coal - 3 MTs each at the eastern and western coasts of the country.
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From the date of placing the indents delivery of coal would be made within 30 days at the free on rail destination of the power plants which seek coal. As and when indented by the state generating companies (gencos) and independent power plants, orders will be placed to ship the coal into the country.