On behalf of Neelachal Ispat Nigam Limited (NINL), MMTC, India’s largest and state owned trading house, invited bidders for sale of 15,000 MT basic grade Pig iron. The material is available at NINL Duburi, Odisha, which will be sell through auction scheduled on 15 Feb’16.
The auction is divided into two parts. The first auction is for 8,000 MT (5 lots) and second auction for 7,000 MT (5 lots), which is scheduled on 15 Feb’16 at IST 10:30 hrs and IST 12:30 hrs respectively.
The lifting period of the lots is within 1-month from NINL yard and the loading will be done by NINL.
Inspection details
Parties can do the inspection of auction items till 11 Feb’16 during IST 8:00 hrs to IST 16:30 hrs in working days.
Venue of inspection: Neelachal Ispat Nigam Limited (NINL), Kalinga Nagar Industrial Complex, Duburi, District Jajpur, Odisha, India.
Technical specification
Silicon: Upto 1.24%
Manganese: Less than 1%
Sulphur: 0.05% max
Phosphorus: 0.15% max
Carbon: 3.6-4.3%
Weight: 15-20 kg/piece
Note
1. Quantity tolerance ±10% at buyer’s option.
2. Reserve price shall be INR 16,500/MT.
3. The minimum bid increment of any lot is INR 100/MT.
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