Bara Daya Energi, an Indonesia based coal exporter has quoted the least bid for two coal import tenders of Coal India (CIL) for supplying 3 million tonne (MT) of coal for each tender. The firm has outbid Adani Enterprises, the main other bidder for these two tenders. Adani, however, has arisen as L1, or the most minimal bidder, for the short-term coal import tender of CIL for supplying 2.4 MT. The Indonesian company quoted Rs 4,331 crore for the eastern coast tender and Rs 4,497 crore for the west coast.
Bara Daya, however, has earlier faced termination of its contract from Gujarat State Electricity Corporation (GSECL) over “breach of contract and failure to supply coal”, said sources. Even in the first import tender of CIL, Bara Daya was rejected at the technical level on grounds of submitting invalid legal documents such as “power of attorney” and “consortium agreement,” said sources. Bara Daya has submitted its bid through a consortium with an Ahmedabad-based company GHV India. The two tenders, issued by CIL last month, pertain to the supply of 3 MT of coal at the east and west coast of the country. There were only two bidders for these tenders.
