NINL floats tender to purchase Iron ore for its Pig iron plant

NINL floats a couple of
tenders for purchase of Iron ore – the key raw material to manufacture Pig
iron, from mine owners and traders, through MMTC, today.

The state owned entity is
to supply the purchased iron ore to its 855,000 tons (per annum production) Pig iron plant, located at Cuttack
(Odisha).

NINL is India's largest producer and exporter of Pig iron. It is also price setter of the Indian Pig iron industry.

1. Tender for purchase of crushed sized Iron ore (63% Fe)

Size:
10-40 mm and Quantity: 37,000 MT in 10 rakes

2. Tender for
purchase of iron ore fines (63% Fe)

Size: 0-10
mm, Quantity: 353,000 MT in 95 rakes

The total
quantity mentioned for both the tenders is to be supplied in three month's time
i.e. from April to June.

Prices
shall be in Rs/MT on
F.O.R basis, Railway Siding of NINL, Duburi (NINS) Jajpur,Odisha.

Last date for submission and opening of the sealed
tenders: March 14 at 1300 and 15:30 IST hrs respectively.

Earnest Money Deposit (EMD) INR 200,000.