BALCO Offers 4,183 MT Scrap through Auction on 11 Aug’16

BALCO, a Vedanta Group subsidiary, has invited bids for tender cum auction for sale of Structure, MS scrap and Coke dust in Korba, Chhattisgarh.

One of the leading aluminium producers in Chhattisgarh state, BALCO, has put forward an auction in order to sell various scrap items, including Structure, MS scrap, and Coke dust. The tentative quantity of the material is 4,183 MT. The company intends to sell these items through tender cum e-auction on 11 Aug’16.

All material will be available in different lots at BALCO’s plant located in Korba, Chhattisgarh. It mainly includes various workshop machinery, mixed MS scrap, SS scrap, CI scrap, mechanical items, aluminium scrap, various lab equipment and other materials.

Material offered

Structure steel scrap: 1,950 MT
MS scrap: 1,783 MT
Coke dust: 450 MT

Download complete list of material

General Conditions

1. The seller is not bound to accept the highest offer and reserves the right to reject any conditional offers.
2. Buyers will be responsible for loading and unloading of the material.
3. Material will be disposed off in ‘As is where is’ and ‘No Complaint basis’.
4. All taxes such as excise, sales tax, TCS or any other taxes will be charged extra at the time of delivery. Offered rate shall be exclusive of all taxes.
5. Buyers shall not be allowed to resell any lot or part of goods.
6. Purchasers for which CST is applicable will have to submit C-form at the time of lifting of material; otherwise full sales tax will be charged.

Important Dates & Time (IST)

Inspection date: Up to 10 Aug’16 between 10:00 to 15:30 hrs
Tender (Bid) submission due date: 10 Aug’16 up to 17:00 hrs
Online auction date: 11 Aug’16 from 10:30 hrs

Last auction

BALCO had last conducted its tender cum e-auction for sale of approx 965 MT MS scrap, 1,558 MT aluminium scrap and 31 MT SS scrap on 28 May’16.