Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
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Coal India to source 6 MT more coal from overseas

Date: 10-06-2022

Coal India (CIL) has floated two international competitive bidding e-tenders of 3 millions tonnes (MTs) each, to source coal from abroad, The bids are for 5,000 GAR (gross as received) quality of thermal grade coal. These two medium term tenders for a total of 6 million tonnes (MTs) coal quantity have an option of increasing the bid quantity by 1000/o to 12 MTs.

The tenders are not indent based but to keep coal on tap for immediate availability and use in future. It is an advance action by CIL in fortifying future supplies and keeping a vendor ready. The tenure for placement of order is for a period of one year beginning July of the ongoing fiscal year till June 23. The minimum indent quantity will be 50,000 tonnes.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.