Indian Oil Corporation Ltd. (NSE: IOC) has scheduled its RPC (Raw Petroleum Coke) auction for consumers residing outside state from various refineries on 15-16 May’19.
Refinery-wise breakup is as follows:
| Refinery | Product | Refinery Offer Qty. (MT) | |
| Barauni | RPC Sulphur < 1.25%, (Gr A) | 9,150 | |
| Bongaigaon | RPC Sulphur < 1.25%, (Gr A) | 21,000 | |
| Digboi | RPC Sulphur < 1.25%, (Gr A) | 5,700 | |
| Koyali | RPC Sulphur > 1.25%, (Gr B) | 3,500 | |
| Total | 39,350 |
Delivery period is from 16 May’19 to 30 Jun’19.
It is worthwhile to mention that RPC (Anode Grade) is sold by IOC through auction process only, in line with directive from MOP&NG (Ministry of Petroleum & Natural Gas) issued during 2012. Accordingly, the auction is conducted in two phases i.e. initially auction is conducted for those customers who are situated in same state where the refinery is located.
The above quantity was leftover from last auction for within state consumers, this auction is being conducted for leftover quantity for customers located outside the state.
The auction is being conducted by MSTC since beginning of commencing the sale of RPC through auction process.
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