TANGEDCO cancels controversial Rs 1.3k cr coal import tender
COAL & MINING

TANGEDCO cancels controversial Rs 1.3k cr coal import tender

After the Madras High Court’s intervention in February, Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO) has reportedly cancelled the Rs 1,330 crore controversial coal import tender. The tender had been under the court's scrutiny for a while.

In February, the Madras High Court had restrained TANGEDCO from opening the tender and price bids received for a Rs 1,330 crore worth tender for supply of 20 lakh tonne of imported steam coal of any origin to be delivered at the Kamarajar port at Ennore between May 2021 and May 2022.

According to a media source, the decision to cancel the tender was taken more than a month after opening the technical bids on March 10 from seven bidders, including Chettinad Logistics Private Ltd. Construction World has not been able to independently verify the news, however.

Ind-Vigo Coal Private Ltd, a Thoothukudi-based company, had first moved the Madras High Court alleging irregularities in the bidding process. The company had noted that as against the norm of providing 30 days notification for tenders above Rs 2 crore value, the TANGEDCO's tender notification validity was only 15 days for a global tender whose value is about Rs 1,330 crore.

Arappor Iyakkam, an anti-corruption NGO, had written to the utility seeking cancellation of the tender alleging that the new conditions were introduced into the coal tender that eliminates all Indian bidders and favours only foreign players. On March 12, the Madras High Court had warned TANGEDCO that it would quash the coal tender if any evidence of foul play was found.

The court was hearing public interest litigation filed by C Selvaraj, a retired assistant engineer of the TANGEDCO who sought a joint probe by the Directorate of Revenue Intelligence (DRI), Central Vigilance and the Directorate of Vigilance and Anti-Corruption (DVAC) into the alleged scam in the import of coal for thermal power generation.

Image Source


Also read: India clears way for major reforms in metals & minerals sector

After the Madras High Court’s intervention in February, Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO) has reportedly cancelled the Rs 1,330 crore controversial coal import tender. The tender had been under the court's scrutiny for a while. In February, the Madras High Court had restrained TANGEDCO from opening the tender and price bids received for a Rs 1,330 crore worth tender for supply of 20 lakh tonne of imported steam coal of any origin to be delivered at the Kamarajar port at Ennore between May 2021 and May 2022. According to a media source, the decision to cancel the tender was taken more than a month after opening the technical bids on March 10 from seven bidders, including Chettinad Logistics Private Ltd. Construction World has not been able to independently verify the news, however. Ind-Vigo Coal Private Ltd, a Thoothukudi-based company, had first moved the Madras High Court alleging irregularities in the bidding process. The company had noted that as against the norm of providing 30 days notification for tenders above Rs 2 crore value, the TANGEDCO's tender notification validity was only 15 days for a global tender whose value is about Rs 1,330 crore. Arappor Iyakkam, an anti-corruption NGO, had written to the utility seeking cancellation of the tender alleging that the new conditions were introduced into the coal tender that eliminates all Indian bidders and favours only foreign players. On March 12, the Madras High Court had warned TANGEDCO that it would quash the coal tender if any evidence of foul play was found. The court was hearing public interest litigation filed by C Selvaraj, a retired assistant engineer of the TANGEDCO who sought a joint probe by the Directorate of Revenue Intelligence (DRI), Central Vigilance and the Directorate of Vigilance and Anti-Corruption (DVAC) into the alleged scam in the import of coal for thermal power generation. Image Source Also read: India clears way for major reforms in metals & minerals sector

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?