IDCOL (Industrial Development Corporation Odisha Ltd.) had
floated a tender recently for selling HC Ferro Chrome which was opened on 12th
Nov.
Looking at the current market, participants have bid lower in the
tender and according to a top official from IDCOL, the tender was closed at Rs
62,500/MT Ex-IFCAL Jajpur on 60% pro rata basis.
The current tender has attained much lower bids than the
previous tender. The previous tender was closed at around Rs 64,500/MT i.e. up by Rs
2,000/MT from the current price in the tender.
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