MSTC Limited, on behalf of Indian Oil Corporation Limited (IOCL), will conduct an E-auction for selling 90,000 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.
Delivery Period is from 07 Jul’18 to 31 Jul’18 on working days.
The bids will be open on 03 Jul’18 at 11 am and will close at 13.00 pm.
For contact details and other information view TENDER SECTION
Pet coke market sentiments in India:
•Indian market demand for pet coke has considerably weakened as the buyers await the government’s decision on the issue of banning pet coke import.
•In fact, the country’s end-users have already been switching to thermal coal or natural gas to avoid pollution issues.
•Hence, India’s domestically produced pet coke prices have continued to remain unchanged over the month; though international pet coke prices were ruling strong from the beginning of this year.
•In this scenario, it might be expected that industrial units using pet coke would bid more aggressively in the aforesaid E-auction in order to stock the fuel before the Indian government imposes the nationwide restriction on imports of petroleum coke.
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