State Trading May Award NTPC Coal Import Tender, India Coal Says

State Trading Corp. of India Ltd. may award annual contracts to coal importers on behalf of NTPC Ltd. within a week, India Coal Market Watch said, citing T.K. Chatterjee, NTPC’s executive director for fuel procurement.

Adani Enterprises Ltd., Bhatia International Ltd., Knowledge Infrastructure Systems Ltd., Dubai-based Coal & Oil group and Ghumaz Traders have submitted bids, the coal newsletter said, citing Chatterjee.

Deliveries for a total of 12 million metric tons under contracts for the years ending March 2012 and March 2013 may start by January, India Coal Market Watch said.

NTPC has imported 7 million tons so far in the year ending March 2011 and may not meet its full-year import target of 12 million tons, the newsletter said, citing NTPC Executive Director S.N. Goel.

To contact the reporters on this story: Dinakar Sethuraman in Singapore at dinakar@bloomberg.net;

To contact the editor responsible for this story: Clyde Russell at crussell7@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.