MSTC Limited, on behalf of Indian Oil Corporation Limited (IOCL), will conduct an E-auction for selling 80,000 MT of Petcoke from the Paradip refinery of IOCL.
The prospective bidders will have to deposit a pre-bid Earnest Money Deposit of INR 10, 00,000 for participating in the E-auction irrespective of their bid quantities.
The bids will be open on 28 Dec’17 at 11 am and will close at 13.00 pm.
For contact details and other information view TENDER SECTION
The latest offers for Petcoke (6.5% Sulphur) from the USA have assessed at around USD 95/MT CFR India. And, the recent offers for Petcoke (9% Sulphur) from Saudi Arabia have assessed at around USD 92/MT CFR India.
The apex court allowing usage of Petcoke by the cement and lime industries, followed by the rise in the Basic Customs Duty on imports of Petcoke in the country to 10% from the erstwhile 2.5%, however, the duty was eventually brought down to 5%.
Reliance Industries Limited, the largest Petcoke producer in India, has raised it ex-works price by INR 500/MT to INR 8,150/MT; while, Essar, the second largest producer in the country, also has hiked its ex-works price by INR 500/MT to INR 8,135/MT.
At the same time, Mangalore Refinery and Petrochemicals Limited also have lifted its ex-works price by INR 340/MT to INR 7,470/MT.
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