A utility owned by India’s richest state Maharashtra is reviewing four bids received in a tender to supply two million tonnes of imported coal and expects to finalize details next month, it told Reuters on Thursday.
The Maharashtra State Power Generation Co Ltd (Mahagenco) said it had received bids for the tender, its largest in at least three years, from Adani Enterprises, Chettinad Logistics, Gandhar Oil Refinery, and Mohit Minerals.
India has asked utilities to step up imports to the highest levels in at least six years in response to higher coal demand as power use soars. Maharashtra is India’s most industrialized state and its biggest power consumer.
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