Gautam Adani Wins Key Coal Contract From India: Report

Adani, India's largest trader of imported thermal coal, will deliver 1 million tons to state-run NTPC Ltd., which in October issued its first tender for coal imports in more than two years, the people said, requesting anonymity as the details are still private.

Adani Enterprises Ltd. has won a contract to supply overseas coal to country's top electricity generator as the nation aims to avoid a repeat of last year's energy crisis, according to people familiar with the matter.

Adani, country's largest trader of imported thermal coal, will deliver 1 million tons to state-run NTPC Ltd., which in October issued its first tender for coal imports in more than two years, the people said, requesting anonymity as the details are still private.

Kolkata-based Damodar Valley Corp. Ltd., also state-owned, is examining a proposal from Adani for the supply of the same volume to its power plants, the people said.

Adani, NTPC and DVC didn't respond to requests seeking comment.