On 02 May’16, state-owned, KIOCL, had invited two tenders for purchase of high-grade iron ore fines (Fe 63.5%) from indigenous sources (50,000 MT and 100,000 MT respectively) for the use of same in Pellet Plant at Mangalore on “Total Delivered Cost” basis. The tender was closed on 11 May’16.
According to market sources, both the tenders received good response and the company is yet to finalize the deal. However, the company officials are yet to confirm the same.
The tender was floated for 50,000 MT fines which will be required to manufacture pellet that will be used domestically and 100,000 MT iron ore fines which will be used to manufacture pellets that are meant for exports.
Specification of required iron ore fines:
Fe : 63.5% guaranteed
Moisture: NA (Iron ore fines should be supplied on DMT basis)
Sulphur: 0.03% max
Phosphorous: 0.045% max
Size: (-) 10mm
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