IDCOL Issues Tender for Sale of 50,000 MT Low Grade Iron Ore Fines

Industrial Development Corporation of Odisha Limited (IDCOL) has issued two different tenders for tentative sale of total 50,000 MT iron ore fines from its Roida ‘C’ iron and manganese mines, Keonjhar (Odisha) on ‘as is where is’ and ‘no complaint basis’. Bidders are required to quote for entire quantity.

Specification of items, tender-wise

The interested parties are advised to do the inspection of material at Roida ‘C’ mines before bid submission. The bids will be accepted on the assumption that bidders have inspected the material before bidding.

Validity & delivery of offer

Bids will be valid for a period of 30 days from the last date of price bid opening of both the tenders.The delivery of material should be done by trucks/tippers and the bidder need to ensure that the loaded trucks are to be covered with tarpaulin during transport. The delivery period is of 90 days for the first and 60 days for the second tender.

Eligibility criteria

1) Bidder should have a valid license under Odisha Minerals (prevention of theft, smuggling and illegal mining and regulation of possession. Storage, trading and transportation).
2) Bidder need to submit the copy of sales tax/VAT/CST/TIN registration certificate registration certificate.
3) Bidder must have the Indian Bureau of Mines (IBM) registration certificate under rule 45 of MCDR.
4) Iron ore lessees are not eligible to participate.

Tender schedule

Bid submission due date: 19 Mar’16 at 11:00 hrs IST
Technical bid opening: 19 Mar’16 at 12:00 hrs IST
Price bid opening: 19 Mar’16 at 15:30 hrs IST