Adani Enterprises Ltd.

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Adani Enterprises emerges as lowest bidder in Coal India's tender for imports of dry fuel

Date: 05-07-2022

Adani Enterprises has emerged as the lowest bidder in Coal India's tender for imports of the dry fuel. The company quoted over Rs 4,000 crore for supply of 2.416 million tonne. A negotiation for the quoted price may take place as the gap between the lowest bid value and the miner's own estimates of Rs 3,100 crore is in excess of around 30 per cent. Adani's bid is the lowest but it is Rs 900 crore more than the Coal India's own estimate.

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.