TNPL to conduct E-Auction to secure 160,000 MT of coal

Tuesday, 19 April 11

Tamil Nadu Newsprint and Papers Limited (TNPL) a state utility of Tamil Nadu, India to conduct reverse auction on 20 April 2011, between 14:00 - 15:00 hrs Indian standard time to procure 160,000 MT +/- 5 percent of Non-Coking imported Coal with Gross Calorific Value (ADB) 6000 Kcal/Kg, on delivered at TNPL factory siding at Pugalur basis.

Nine Indian based coal trading companies, including Adani, Gupta coal, Knowledge Infra, Rudhra Energy, MSTC, CEPL, Star Coal, Starmin and Phonex have qualified to participate tomorrow’s electronic bidding to supply 160,000 tons 6000 GAD coal, our sources said.

Total tendered quantity to be delivered in four shipments starting from July 2011.

Bidders are request to offer price based on C&F Tuticorin basis inclusive of all port charges and arrange delivery of such Coal to TNPL site by wagons (all activities of stevedoring, handling, arranging railway rakes, loading, transportation etc are in supplier’s scope), the tender terms said.

According to the tender issued on 2nd 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 coal 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 is a traditional consumer of Indonesian coal, for its paper factory in Karur district, India. TNPL has closed its latest tender to procure at US$ 97.10 PMT on 25 March 2011. Indo government has declared, Indonesian Coal Reference Price for thermal coal for April supply at US$ 122.02 per ton, which was 0.33 percent lesser than March 2011 price of US$ 122.43.

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 also expected to open tomorrow after completion of reverse bidding, said a source familiar to TNPL, tender process.

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