Coal news and updates

The Madras High Court on Tuesday restrained the Tamil Nadu Generation and Distribution Corporation (Tangedco) from opening the techno commercial and price bids received for a ₹1,330 crore worth tender for supply of 20 lakh tonnes of imported steam coal of any origin to be delivered at the Kamarajar port at Ennore near here between May 2021 and May 2022.

 

Justice B. Pugalendhi directed Tangedco to defer the bid opening date, originally scheduled for Tuesday, until he passes necessary orders on a writ petition that had challenged the tender notification issued on February 8 calling for bids within 15 days from domestic bidders on payment of ₹13 crore, or $1,756,757 by foreign bidders, towards earnest money deposit.

 

The judge also gave the liberty to Tangedco to issue a corrigendum and extend the last date for submission of bids by 15 more days, if it was advised to do so.

 

The interim orders were passed on a writ petition filed by a private firm, which claimed that it was a statutory requirement to grant a minimum of 30 days to submit bids for such a high value tender.

 

Source : https://www.thehindu.com/news/national