India: BALCO to auction about 920 MT MS Scrap in Chhattisgarh

BALCO has invited bids through its tender cum e-auction for sale of various MS Scrap, Coke dust scrap and other materials in Korba, Chhattisgarh.

Bharat Aluminium Company Limited (BALCO), one of the leading Aluminium producer in the state of Chhattisgarh and a subsidiary of Sesa Sterlite has intended to sell a bulk quantity of MS Scrap, Coke dust scrap and other materials through its tender cum e-auction. All the material is available in different lots at its plant located in Korba, Chhattisgarh.

The material will be available strictly on ‘As is Where is’ and ‘No Complaint’ basis. It includes mainly various workshop machinery, MS collector bar scrap, Mixed MS Scrap, SS Scrap, transformers, waste CP Coke dust scrap, Aluminium Dross and other materials.

General Conditions

• Material will be sold at reserve price fixed by the seller. Also, the seller is not bounded to accept the highest offer and reserves the right to reject any conditional offers
• Buyers will be responsible for loading and lifting of the material
• Material will be disposed of in ‘As is where is’, ‘No Complaint basis’, and ‘Wet, Dry or Rusty’ conditions
• All taxes such as excise, sales tax, TCS or any other taxes will be charged extra at the time of delivery. Offered rate shall be exclusive rate of all taxes
• Buyers shall not be allowed to resell any lot or part of goods
• Purchasers for which CST is applicable will have to submit C-form at the time of lifting of material; otherwise full sales tax will be charged

Total Offered Quantity

MS Scrap: About 920 MT
Waste CP Coke Dust Scrap: 700 MT

Important Time & Dates

• Inspection date: Between 10.00 and 15.30 hrs IST on 20-26 Feb, 2015
• Caution money deposit submission due date: 25 Feb, 2015
• Tender (Bid) submission due date: 17.00 hrs IST on 26 Feb, 2015
• Online auction date: Onward 10.30 hrs IST on 27 Feb, 2015

Note: BALCO had lastly conducted its tender cum e-auction for sale of approx 2,350 MT Scrap and 1,500 MT Coke dust scrap on 16 Jan, 2015. 

For more details regarding material, Click here