On 18 Dec’15, state owned KIOCL, had intended to procure 100,000 MT DMT (dry metric tonne) high grade iron ore concentrate and sale back pellet from overseas and off shore sources. Before, the scheduled technical bids was closed on 01 Feb’16.
As per market sources, the company officials are planning to further extend the tender for a month for better participant response and to provide sufficient time to the potential bidders. However, the company will soon notify about the extension on their company’s website.
If at all the company extends the due date, this will be the second time the company will do so. However, previous to this, the company extended the tender till 22 Jan’16.
Iron ore purchased through this tender will be used at Mangalore based pellet plant and the respective pellet produced out of the high grade iron ore will be purchased back by the same party. The indicative Fe content of iron ore concentrate should be haematite-minimum 66% or magnetite-67% minimum.
KIOCL operates 3.5 MnT pa pellet plant in Mangalore.
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