Industrial Development Corporation of Odisha Limited (IDCOL)- a government of Odisha undertaking had floated an iron ore fines tender.
It offered 20,000 MT of sponge grade calibrated lump ore (CLO) with Fe% 65 and size 5-18 mm, which received bids at Rs 6,302/MT.
Basic price of the product only per WMT on 60% Fe scale fraction prorate basis exclusive of Royalty (as assessed by DDM, Joda), Government levies, taxes and duties as applicable at the time of delivery.
12 parties in total bid for IDCOL's raw material, which includes 8 from Chhattisgarh and 4 from Odisha. Most of the buyers are sponge iron units.
The deal has been finalized and the company will start dispatches of its iron ore to buyers soon.
Delivery Period: Up to 10,000 MT is 30 days and more than 10,000 MT is 60 days.
The material is to be dispatched by road from Roida 'C' Iron & Manganese Mine of IDCOL, through trucks.
The company had also offered a total of 18,000 MT of iron ore fines of size 0-5 mm with Fe% 61, through the tender and is yet to finalize the same.
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