MMTC- a leading international trading company in India and one of the major global players in minerals trade, has invited an Expression of Interest (EOI) for sale/purchase of Pig Iron manufactured by Neelachal Ispat Nigam limited (NINL). The customers have to ensure booking of minimum quantity of 8,000 MT (+-10%) per month and booking will be made on first cum first serve basis on receipt of advance payment in MMTC’s account as described in the Price Circular/tender/auction or any other mode of sale.
The validity of MoU will be 10 months from 1 Nov’2018 and MOU can be extended further with mutual agreement.
The applicants should be regular potential buyers/consumers/traders of Pig Iron with substantial capacity & with valid requisite documents as required to enter into MoU and purchase of Pig Iron. The applicant/s should have sold an average quantity of at least 50,000 MTs per year of Pig Iron during the previous three years.
Post its blast furnace capital repair work, NINL has manifested in its April-August performance with increased pig iron sales. NINL has achieved the highest ever production since inception in all operating areas in July 2018 with hot metal of 83690 tonnes, Pig Iron of 76687 tonnes and Sinter of 132990 tonnes and has also crossed all-time record despatch in all segments and is expecting to continue the same in the future.
Eligibility criteria:
1. CIBIL Credit Rating from Credit Information Bureau (India) Limited.
2. Copies of PAN/TAN, VAT / CST / GST Registration certificate etc.
3. The applicant shall not have been blacklisted, debarred or banned by any central government or state government agency (IES) / organization (s) on the date of submission of EOI.
4. Proof of having sold equivalent quantity of Pig Iron of any producer during the previous year.
5. Proof & details of requisite Security deposit.
Interested parties can submit the required documents till 22 Oct’18.
For contact details view Tender Section
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