India: KIOCL Floats Series of Tender for Iron Ore Purchase

State-owned- KIOCL has invited bids for the purchase of 100,000 MT iron ore fines via two different tenders of 50,000 MT each from overseas and indigenous suppliers. Iron ore procured will be used at its Mangalore-based pellet plant.

The pellet maker is very aggressively exporting pellets and henceforth inviting tenders for iron ore purchase. Pellet maker’s iron ore sourcing from NMDC (C.G.) has reduced significantly amid limited production over monsoons. It procured 17 rakes in August compared to 45 rakes in May.

Specifications:

Interested bidders can submit their bids for both tenders till 14 Sep’18 at 14:00 hrs and techno-commercial bids will open on same day at 15:00 hrs.

For contact details and other information view TENDER SECTION.

KIOCL’s other live iron ore purchase tenders –
–Purchase of 150,000 MT iron ore with Fe 66.5% minimum, due date 10 Sept’18
–Purchase of 110,000 MT iron ore with Fe 64% , due date 14 Sept’18

Recently concluded KIOCL pellet export deal -As per market sources, KIOCL pellet export tenders are fetching high bids due to its lower alumina content (less than 2%), the last pellet export tender of 50,000 MT was concluded at USD 148/MT FOB. Two weeks before KIOCL also concluded one pellet export tender of 50,000 MT at USD 145/MT FOB.

KIOCL’s enhanced pellet sales volume in Q1 FY19– In the Q1 FY’19, KIOCL recorded enhanced pellet sales at 0.53 MnT. Out of the total sales, the company exported 0.39 MnT of pellets while sold the remaining 0.14 MnT of pellets in the domestic market.