12 May, 2021

Coal Play

The tender process for a Rs 6,000-cr coal import contract is tweaked to suit a bidder

AP
Coal Play
outlookindia.com
-0001-11-30T00:00:00+05:53

Playing Favourites

  • Contrary to CVC guidelines, MMTC had differential earnest deposit money clauses which allowed the “larger” Adani group to deposit less
  • A clause in the tender which earlier asked the coal to be delivered to any west coast port in India was modified to a west coast port in India in Gujarat. Adani runs the Mundra port in Gujarat.
  • Contrary to tender norms, the head of another bidding company was also an additional director with AEL

***

Importing coal to boost power generation has been a regular practice in India. So there was nothing unusual when MMTC Ltd, a government trading organisation under the commerce ministry, floated a tender on May 19 this year to import 12.5 million metric tonnes (MMT) of coal for the National Thermal Power Corporation (NTPC). But now it seems MMTC overtly and blatantly structured the tender in such a way as to give commodity trading major...

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