Wednesday, 23 March 11
Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to supply 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calorific Value (ADB) 6000 Kcal/Kg, our sources said.
Adani Enterprise, Gupta coal, MSTC, Rudhra Energy, Star Coal, Knowledge Infrastructure and Coastal Energy have submitted bids today, said a source familiar with this tender.
According to the tender issued on 1st March 2011, the quality of coal should be Gross Calorific Value (adb) 6000 Kcal/Kg basis and will be rejected if GCV is below 5600 kcal/kg. The Inherent Moisture (adb) of around 10 pct, Total Moisture (arb) 15 pct basis and above 23 pct will be rejected. The Ash content (adb) 8 pct max , Sulphur (ADB) 0.8pct max and Volatile Matter (adb) 25 to 45 pct and above 45 pct will be rejected.
TNPL is a regular importer of Indonesian coal, for its paper factory in Karur district, India. It bought 240,000 tons of the fuel from Indonesia in November 2010 at US$ 81.20 CIF.
The reference price (HPB) set by Indonesia for coal grade of 5,667 GAR kcal/kg heating value was at a US$ US$ 103.50 per a ton based on March 2011 HBA. HBA index of March 2011, US$ 4.62 lesser than its record price of US$ 127.05 for 6322 GAR coal in February 2011.
TNPL, will conduct electronic bidding on Friday, 25 March 2011 and will award the contract to the lowest electronic or manual bidder.
Adani Enterprise, Gupta coal, MSTC, Rudhra Energy, Star Coal, Knowledge Infrastructure and Coastal Energy have submitted bids today, said a source familiar with this tender.
According to the tender issued on 1st March 2011, the quality of coal should be Gross Calorific Value (adb) 6000 Kcal/Kg basis and will be rejected if GCV is below 5600 kcal/kg. The Inherent Moisture (adb) of around 10 pct, Total Moisture (arb) 15 pct basis and above 23 pct will be rejected. The Ash content (adb) 8 pct max , Sulphur (ADB) 0.8pct max and Volatile Matter (adb) 25 to 45 pct and above 45 pct will be rejected.
TNPL is a regular importer of Indonesian coal, for its paper factory in Karur district, India. It bought 240,000 tons of the fuel from Indonesia in November 2010 at US$ 81.20 CIF.
The reference price (HPB) set by Indonesia for coal grade of 5,667 GAR kcal/kg heating value was at a US$ US$ 103.50 per a ton based on March 2011 HBA. HBA index of March 2011, US$ 4.62 lesser than its record price of US$ 127.05 for 6322 GAR coal in February 2011.
TNPL, will conduct electronic bidding on Friday, 25 March 2011 and will award the contract to the lowest electronic or manual bidder.
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