Adani wins 6-million ton fuel deal

Adani Enterprises Ltd will procure 6 million metric tons of the fuel for NTPC Ltd.

Based on the contract from State Trading Corp. of India Ltd. to., Adani’s fuel deliveries,  which will be sourced from Indonesia and South Africa, will begin by the end of next month.


NTPC awarded a contract to State Trading to purchase 12 million tons of thermal coal on its behalf by the end of March 2013. 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.

 

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.