Vizag Steel extends due date of iron ore purchase tender released in the month of April for better response.
On 7 Apr’15, Vizag Steel had floated a global tender to procure a total quantity of 100,000 MT (50,000 MT iron lumps & 50,000 MT iron fines) to close on 06 May’15. The procurement is to be done from single source (either imported or indigenous suppliers) against each specification. The company has further extended due date for this tender till 27 May’15.
According to tender document, only established mine owners can participate in this tender. Also, in case of imports, suppliers should quote their prices on FOBT & CFR Vishakhapatnam or Gangavaram basis in USD or EURO/MT, whereas in in case of indigenous supplies, quotations should be submitted in FoR VSP basis inclusive of all taxes, duties and levies applicable on the due date of submission of tender.
Overseas Exporters’ View Regarding Extension of RINL Tender
As per overseas exporters Vizag Steel’s tender conditions are stringent. They say that they do not favour selling the material to Vizag Steel under these conditions when it is easier to sell in merchant markets.
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