NINL's Scrap Auction

India: MMTC conducts Auction for Scrap Items

Metals & Minerals Trading Corporation (MMTC), a Government of India Enterprise, is conducting auction for sale of various Scrap items (PCM, LRS, Pig iron, Scrap) on ‘As is Where is’ & ‘No Complaint’ basis.

MMTC floats this auction on behalf of NINL. Item are lying at NINL plant site in Odisha.

Seller will issue sale order after receiving full sale value and taxes along with security deposit that enables buyer to lift items within the period.

Material Details

Item Description

Quantity

(MT)

Bidding Time

Processed PCM Scrap

9,000

10.30 hrs to 12.30 hrs

Processed PCM Scrap Fines

7,000

14.30 hrs to 16.30 hrs

Processed LRS Scrap

1,500

14.30 hrs to 16.30 hrs

Pig Iron Residuals

400

14.30 hrs to 16.30 hrs


Total Quantity: 
17,900 MT (approx)

Lifting Period: Within 1 month

Important Time & Dates

  • Due date: Before 16.30 hrs IST on 25 Jun, 2014
  • Auction date: On 27 Jun, 2014

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