NEW DELHI: Coal India Ltd has shortened the validity of price bids in its first-ever coal import tenders from 90 days to 60 days after prospective suppliers cited market volatility to seek several changes.
The changes were sought by 11 prospective suppliers, including at least two from Indonesia, at pre-bid meetings earlier this week. Indian participants included Adani Enterprises, Mohit Minerals and Chettinad Logistics, the company said but did not name the overseas participants citing their confidentiality conditions.
