INDIA: Two Adani Power companies secure over 1/3 of CIL coal

Two Adani Power companies managed to secure a shade over one third of the total coal auctioned by Coal India under the Shakti scheme by offering discounts ranging between 1paise per unit and 3 paise per unit over their existing tariffs. 

Others in the race were GMR’s power armGVK PowerInland PowerLalitpur Power,ACB IndiaKSK Mahanadi Power and Sai Lilagar Power. They were among the 10 companies, including Adani, that collectively managed to secure 27 million tonnes of coal supply contract for 25 years on committing to generate power at discounts ranging between 4 paise per unit and 1paise per unit over their existing tariffs. 

Adani Power Maharashtra and Adani Power Rajasthan together secured supplies of 9.9 million tonnes of coal. The grade they have been allocated ranged from G6 and G13. It would be supplied from South Eastern Coalfields’ Korba, Mand Raigarh, and Korea Rewa mines, Mahanadi Coalfields’ Ib Valley, Basundhara and Talcher mines as well as from Western Coalfields.

Full article

Source: Economic Times

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