Dec. 31 (Bloomberg) -- Adani Enterprises Ltd., India’s biggest importer of coal, won a contract from State Trading Corp. of India Ltd. to procure 6 million metric tons of the fuel for NTPC Ltd., two traders said.
Deliveries of the fuel, which will be sourced from Indonesia and South Africa, will begin by the end of next month, according to the traders, who declined to be identified because the bid was confidential.
NTPC awarded a contract to State Trading to purchase 12 million tons of thermal coal on its behalf by the end of March 2013, one of the traders said in September. State Trading will import the fuel, equivalent to about 27 percent of India’s thermal coal purchases last year, in two installments for the years ending March 2012 and 2013, the trader said.
Ahmedabad, India-based Adani, Indore, India-based Bhatia International Ltd., New Delhi-based Knowledge Infrastructure Systems Ltd., Dubai-based Coal & Oil Group and Ghumaz Traders, also based in Dubai, submitted offers, the traders said.
Adani made the lowest offer followed by Ghumaz Traders and Bhatia International, the traders said.
B. Dutta Majumdar, chief general manager for State Trading, didn’t answer phone calls to his office seeking comment. Adani’s spokesman, Devendra Amin, declined to comment.
India’s thermal coal imports rose to 44 million tons in the year ended March 2010 from 38 million tons a year earlier, according to data from the nation’s coal ministry.
To contact the editor responsible for this story: Clyde Russell at email@example.com