India’s Andhra Pradesh state has canceled two bids from Adani Enterprises Ltd. for tenders to supply imported coal, due to high prices, despite the company being the sole bidder for one of the tenders, government officials said on April 3.
The officials, speaking on condition of anonymity, told Reuters that Adani offered to supply 500,000 metric 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.
