Gautam Adani got Coal India’s coal import contract, Adani Enterprises bid the lowest

Got the contract from Coal India.

Coal India had issued tender for coal import. Adani Enterprises has won this tender by making the lowest bid. In lieu of power generation companies, Coal India has decided to import coal.

India’s largest coal mining company Coal India (Coal IndiaThe coal import contract has been awarded to veteran industrialist Gautam Adani. In the midst of the coal crisis, Coal India had decided to import coal instead of power generation companies. For this he invited bids. Adani Enterprises ,Adani Enterprises) won it by making the lowest bid of Rs 4033 crore. Under this bid, Adani Enterprises (Gautam Adani) will supply 2.416 million tonnes of coal. Mohit Minerals stood second with a bid of 4182 crores and Chettinad Logistics stood third by bidding 4222 crores.

This imported coal will be transferred to seven state power generation companies and 19 private power plants. Adani Enterprises has received multiple coal import contracts from NTPC. This contract has been issued between January and June. Adani has a contract for the Karmichael Coal Mines in Queensland, Australia. In December 2021, Adani Group shipped coal from this mine for the first time. It is believed that Adani Enterprises will also submit its bid for two e-tenders issued by Coal India on Tuesday. This bid will be for 6 million tonnes of coal.

Sudden jump in power demand after monsoon

In a report published in the Economic Times, the government wants to have sufficient stock of coal before the coal mines get waterlogged in the monsoon to avoid the power crisis. Power demand in India is at its peak after the monsoon. The biggest reason for this is that agricultural activities intensify after the rainy season. In such a situation, there is no power shortage, for this it is necessary that the power plants have sufficient stock of coal.

At least 10 percent coal import directive

According to the latest data released by CEA i.e. Central Electricity Authority, thermal power plants currently have a total coal stock of 26.8 million tonnes. The government has asked power plants to import 10 per cent of the coal requirement. 90 percent of the requirement will be met from domestic production.

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The demand for coal for electricity will continue

The country’s dependence on coal is increasing continuously. Coal Minister Pralhad Joshi had said recently that to meet the country’s energy demand, the requirement of thermal coal in the next 18 years will be around 150 million tonnes, which is currently at half its level. According to estimates, the demand for electricity will also double by 2040.