Indonesian company beats Adani in CIL coal import tender – Times of India
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NEW DELHI: Indonesia’s Bara Daya Energi, which has prior record of failing to deliver on a Gujarat State Electricity Corporation Ltd (GSECL) contract, on Thursday emerged as the lowest bidder in Coal India Ltd’s (CIL) two tenders valued at about Rs 9,000 crore for importing coal on behalf of power generating companies.
Sources said Bara Daya Energi quoted a price of Rs 4,331.7 crore for supplying 3 million tonnes of coal in the east coast ports against Rs 5,030 crore by Adani Enterprises. For delivering the same quantity in the west coast, Bara Daya quoted Rs 4,497 crore.
Last week, CIL had rejected the company during technical evaluation for another tender for importing 2.4 million tonne coal on grounds of inadequate paperwork.
In October last year, GSECL had cancelled an order to Bara Daya and encashed its bank guarantee after the company failed to deliver the contracted coal for the Sikka power plant.
Bara Daya could not be immediately contacted.
A CIL functionary told TOI a financial bid is opened “only after the bidder has successfully met the technical bid criteria as per the tender document. “If any discrepancy is brought to the notice of CIL with sufficient evidence then all the due diligence procedure would be followed as per CIL’s policy,” he said.
CIL is importing 8 million tonne of coal on behalf of power plants through three tenders. Adani Enterprises emerged as the lowest bidder for the first tender for 2.4 million tonne.
Sources said Bara Daya Energi quoted a price of Rs 4,331.7 crore for supplying 3 million tonnes of coal in the east coast ports against Rs 5,030 crore by Adani Enterprises. For delivering the same quantity in the west coast, Bara Daya quoted Rs 4,497 crore.
Last week, CIL had rejected the company during technical evaluation for another tender for importing 2.4 million tonne coal on grounds of inadequate paperwork.
In October last year, GSECL had cancelled an order to Bara Daya and encashed its bank guarantee after the company failed to deliver the contracted coal for the Sikka power plant.
Bara Daya could not be immediately contacted.
A CIL functionary told TOI a financial bid is opened “only after the bidder has successfully met the technical bid criteria as per the tender document. “If any discrepancy is brought to the notice of CIL with sufficient evidence then all the due diligence procedure would be followed as per CIL’s policy,” he said.
CIL is importing 8 million tonne of coal on behalf of power plants through three tenders. Adani Enterprises emerged as the lowest bidder for the first tender for 2.4 million tonne.
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