April20, 2011
Delhi based Knowledge Infrastructure Systems Pvt. Ltd once again offered the lowest price of US$ 93.44 per metric ton for calorific value of 6000 GAD and 15 percent total moisture coal for TNPL against its recent tender.
According to E-Tender conducted by TNPL at 3 PM IST today, US$ 98.60 was quoted as lowest price, our sources said.
However, the manual bid which opened at around 4.30 PM IST today, shows US$ 93.44 PMT as the lowest price. Knowledge Infrastructure would emerge as lowest and emerged as the contract winner. This price includes US$ 2-3 logistics cost making the net CIF price around US$ 90 - 91 per MT, which was almost same or little above than current FOB price of 6300 GAD coal of Indonesian Origin.
CEPL, another bidder who has emerged as L2 is very close with US$ 95 PMT but all other participants were above US$ 100 pmt and even some offered at US$ 115 per MT, said a trader who is familiar with the tender.
On 25th of last month, TNPL has finalized 160,000 MT of coal at US$ 97.10 from Knowledge infrastructure. Within 25 days TNPL, successfully brought down the price by US$ 3.66 per MT and Knowledge infrastructure become lowest bidder again and may bag another 160,000 MT from TNPL to supply from July 2011.
TNPL over the period of several years got the exposure and experiencing the market pulse so well and pitching their next move intelligently to secure the best of the world.
One of the far east trader commented that, the way TNPL conduct the e-auction and manual bid whichever is low is really revealing and appreciable. This gives excitement and hope for the bidders at different stages. It looks like a business combined with excitement filled game.
He also commented and wonder why the other state PSU such as TNEB is not adopting the same methodology and getting the best rates.
According to the tender issued on 2 April 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) 0.8 pct max and Volatile Matter (adb) 25 to 45 pct and above 45 pct will be rejected.
TNPL tender terms say, the winner will be selected based on the lowest bid either from e-tender or sealed manual tender price. The manual bids were opened around 4.30 pm IST today, and Knowledge infrastructure's price was the lowest among the all other participants. Most probably, TNPL, will award the 160,000 MT of coal supply order to Knowledge infrastructure.
TNPL's latest tender price is 3.76 percent or US$ 3.66 lower than its last purchased price of US$ 97.10 per MT. TNPL is a regular importer of Indonesian coal, for its paper factory in Karur district, India.
Adani Enterprise, Gupta coal, MSTC, Rudhra Energy, Star Coal, Starmin, MSTC, Phonex Comtrade, and Coastal Energy are other participants of this tender.
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