MSTC Limited, on behalf of Indian Oil Corporation Limited (IOCL), will conduct an E-auction for selling 70,000 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 09 Oct’18 to 08 Nov’18 on working days.
The bids will be open on 09 Oct’18 at 11:00 Hrs and will close at 13.00 Hrs.
For contact details and other information view TENDER SECTION
•Import offers for pet coke have remained sharply high over the past couple of months as the global market has sustained robust demand; hence, there has been no significant change in the pet coke export offers from the key overseas markets — USA and Saudi Arabia.
•Indian pet coke buyers are expected to resume procuring stocks as the monsoon season nears its end.
•The latest offers for pet coke (6.5% sulphur) from USA are assessed at around USD 122/MT CNF India, while offers for pet coke (9% sulphur) from Saudi Arabia are assessed at around USD 114/MT CNF India.
•Currently, Indian domestic prices of pet coke are INR 9,650/MT (Reliance Industries Ltd.) and INR 8,370/MT (Mangalore Refinery and Petrochemicals Ltd.).
N.B.:
i. The above prices are effective 1 Oct’18.
ii. These prices are exclusive of GST @18%.
iii. The MRPL price is for pet coke transported by rake/barge.
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