5-June-2013, 12:00 IST
NMDC Kumarswamy mines in Karnataka had conducted an e-auction for its 132000 MT of Iron ore on 3rd of June at 17:00 Hrs IST. The inspection of material was done between 29th of May to 2nd of June. Total no of bids-119 out of which number of bidders and winners are 5 each. In the bidding process the total increase in Bid price is about 3.49 % over the floor price.
Detail of quantity offered
Calibrated lumps ore………. 96000 MT
Iron ore fines …………………. 36000 MT
Detail of quantity sold
Calibrated lumps ore of Fe 63%, Total QTY 48000 MT
Company :- BID QTY QTY Allotted Floor Price Booking price
JSW STEEL LTD 48000 48000 3892 3892
Royalty 10%, VAT 5.5% (on auction price & royalty), are applicable
IRON ORE FINES of Fe 61%, Total QTY 20000 MT
Company: – BID QTY QTY Allotted Floor Price Booking price
MUKAND LTD 4000 4000 2035 2495
KALYANI STEEL 8000 8000 2035 2485
MSPL LTD 12000 8000 2035 2475
Royalty 10%, VAT 5.5% (on auction price and royalty), are applicable
CALIBRATED LUMP ORE of Fe 65%, Total QTY 48000 MT
Company: – BID QTY QTY Allotted Floor Price Booking price
JSW STEEL 24000 24000 4130 4130
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.
IRON ORE FINES OF Fe 62%, Total QTY 16000 MT
Company: – BID QTY QTY Allotted Floor Price Booking price
JSW STEEL LTD 8000 8000 2160 2390
KALYANI STEEL LTD 4000 4000 2160 2390
XINDIA STEELS LTD 8000 4000 2160 2980
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.
75% of the calibrated lumps ore sold i.e. 72000 MT out of 96000 MT to Jindal steel ltd
at floor price both in Fe 63 & 65 grade.
The Main bidder for iron ore fines was Kalyani Steel, JSW Steel, MSPL ltd & Xindia ltd.
There is 18 % increase in the bid price of iron ore fines.
Leave a Reply