BALCO Offers 1,570 MT MS Scrap through Auction on 27 Sep’16

BALCO, a Vedanta Group subsidiary, has invited bids for tender cum auction for sale of MS scrap, Structure steel scrap, Aluminum 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 MS scrap, Structure, Aluminum and Coke dust. The tentative quantity of the material is 5,923 MT. The company intends to sell these items through tender cum e-auction on 27 Sep’16.

All material shall 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, coke dust and other materials.

Tentative quantity

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 basis and no complaint” and “wet, dry or rusty” conditions.
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: Till 24 Sep’16 between 10:00 to 15:30 hrs
Tender (Bid) submission due date: 26 Sep’16 up to 17:00 hrs
Online auction date: 27 Sep’16 from 10:30 hrs

For more details, please contact to BALCO Ltd (between 9:00 AM to 6:00 PM) at 08030408388

Last auction: BALCO’s last tender cum auction was conducted on 11 Aug’16 for the sale of approximately 1,783 MT MS scrap, 1,950 MT Structure steel scrap, and 450 MT coke dust.