*Correction: IDCOL (Odisha) floats iron ore tender

Industrial Development
Corporation of Odisha Limited (IDCOL)- a government of Odisha undertaking, has
floated an iron ore fines tender.

*The company has offered a
total of 18,000 MT of iron ore fines of size 0-5 mm with Fe% 61, through the
tender.

Last date of submission of
bids is March 25 at 15:00 hrs IST.

Technical and price bids
are likely to open on March 25 at 15:30 hrs IST and 12:00 hrs on March 26.

(As
mentioned on March 21: The company has offered a total of 20,000 MT of iron ore
fines with Fe% 62, through the tender, mentioned sources. Last date of
submission of bids is March 30 and price bids are likely to open on the similar
date).

The material is to be
dispatched by road from Roida 'C' Iron & Manganese Mine of IDCOL, through
trucks, in two months time.

Bidders are to quote basic
price of the product only per WMT on 60% Fe scale fraction prorate basis
exclusive of Royalty (as assessed by DDM, Joda), Government levies, taxes and
duties as applicable at the time of delivery.

IDCOL has also
offered 
20,000 MT
of sponge grade calibrated lump ore (CLO) with Fe% 65 and size 5-18 mm.

The minimum bidding
quantity for bidders is 7,600 MT.

The last date for
submission of bids is March 25 at 15:00 hrs.

Technical and price bids
are to open on March 25 at 15:00 hrs.

The material is to be
dispatched by road from Roida 'C' Iron & Manganese Mine of IDCOL, through
trucks.

Delivery Period: Up to 10,000
MT is 30 days and more than 10,000 MT is 60 days.

Bidders are to quote the
basic price per WMT on 65% scale fraction pro-rata basis of the product only
exclusive of Royalty, Government levies and taxes as applicable at the time of
delivery.


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