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CIL picks PDIL as successful bidder to set up methanol plant in West Bengal

Coal News - Published on Mon, 15 Apr 2019

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The Hindu Business Line reported that projects and Development India Ltd is believed to have emerged as the successful bidder to provide engineering services for the setting up of a coal-based methanol plant in West Bengal by Coal India Ltd. Even while two engineering consultancies, MN Dastur & Co and PDIL, were vying for the coveted project and MN Dastur emerged as the lowest bidder (L1), PDIL emerged as the successful bidder. The former was disqualified on ‘technical grounds’, and has challenged it before the Independent External Monitor (IEM).

A senior CIL official said: “We had several rounds of meetings and another one with IEM is on for taking up their grievances. The IEM is examining it. I would not like to comment any further.”

MN Dastur is, however, hopeful CIL will issue a letter of intent (LoI) to it soon. Abhijit Sarkar, Vice-President MN Dastur, said “We have emerged as L1; now it is in CIL’s hands. I hope they will issue the LoI soon,” said.

Once the LoI is issued, the chosen firm will be required to carry out a detailed report which involves initial investigation, technology selection and examining the feasibility of the entire project. It could take over a year for the detailed feasibility report to be prepared.

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Posted By : Rabi Wangkhem on Mon, 15 Apr 2019
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