India: NINL’s LAM Coke Offers correct by INR 250/MT

Neelachal Ispat Nigam Ltd’s (NINL) offer for LAM Coke has corrected by INR 250/MT compared to last month’s offers.

MMTC, on behalf of NINL, is offering about 11,500 MT LAM Coke for sale. Currently, it is offering a purchase of upto 11,500 MT LAM Coke at basic price of INR 13,600/MT, ex-Cuttack for May deliveries. The material will be sold against 100% advance payment for first rake.

Earlier, in the month of April, the company had offered about 7,000 MT LAM Coke at basic price of 14,000/MT with bulk quantity (3 rakes; approx 6,600 MT), discount upto INR 200/MT.

The offered LAM Coke contains 12.5% of Ash (max) with sizes available in the range of 20-80 mm. The material will be offered through rail.The offer is valid till 31 May’15.