India’s Andhra Pradesh state has canceled two bids from Adani Enterprises Ltd. for tenders to supply imported coal due to the high coal prices, despite the company being the sole bidder for one of the tenders, government officials said April 3. The officials, who spoke on the condition of anonymity, told Reuters that Adani offered to supply 500,000 tons of South African coal for 40,000 rupees ($526.50) per ton in March 2022 and another 750,000 tons at 17,480 rupees ($238.08) in January. They claimed that both offers were rejected despite Adani being the sole bidder for the 500,000 ton tender and offered a lower price for the 750,000 ton tender than another bidder, Agarwal Coal. This would be the first time in recent years that a major government tender for imported coal has been canceled in India due to high costs, though there have been no other reports on the …
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