BALCO Offers 1,290 MT MS Scrap through Auction on 14 Oct’15

BALCO, a Vedanta Group subsidiary, has invited bids for tender cum auction for sale of MS/SS/ferrous scrap in Korba, Chhattisgarh.

One of the leading aluminium producers in Chhattisgarh state, BALCO, has put forward an auction in order to sell various MS scrap items, aluminium items and scrap items. The company intends to sell these items through tender cum e-auction on 13 and 14 Oct’15.

All material will be available in different lots at BALCO’s plant located in Korba, Chhattisgarh. The material will be available strictly on ‘As is Where is’ and ‘No Complaint’ basis. It mainly includes various workshop machinery, mixed MS scrap, SS scrap, CI scrap, mechanical items, aluminium dross and other materials.

Material offered

1. Scrap items: Approx 1,290 MT
2. Aluminum items: Approx 900 MT
3. CI/SS Scrap: 75 MT

Important Time & Dates

1. Inspection date: Between 5-13 Oct’15
2. Tender (Bid) submission due date: 17.00 hrs IST on 13 Oct’15
3. Online auction date: 10.30 hrs IST onwards on 14 Oct’15

Note: BALCO had last conducted its tender cum e-auction for sale of approx 1,225 MT scrap and 1,090 MT aluminium items and 500 MT Coke dust scrap on 21 Aug’15. 

Download complete list of auction

General Conditions:

1. Material will be sold at fixed price by the seller. Also, the seller is not bound to accept the highest offer and reserves the right to reject any conditional offers.
2. Buyers will be responsible for loading and lifting of the material.
3. Material will be disposed off in ‘As is where is’, ‘No Complaint basis’, and ‘Wet, Dry or Rusty’ conditions.
4. 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 of all taxes.
5. Buyers shall not be allowed to resell any lot or part of goods.
6. 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.