India: MSTC to conduct E-auction for Sale of Iron Ore

Metal Scrap Trade Corporation (MSTC) invites bid for sale of Iron ore from different Iron ore mines/Stockyard at Karnataka.

MSTC has invited bid for sale of Iron ore through e-auction, which is for registered Steel, Pig iron, Pelletisation, Sponge iron and Beneficiation plants that have been wholly/partly dependent on Iron ore from Karnataka for their own use.

The three auctions are scheduled on 25 & 28 Jul, 2014.

Auction 1

• Iron ore lumps: 60,000 MT
• Iron ore fines: 328,000 MT
• Total quantity: 388,000 MT

Bid opening time: 11.00 hrs on 25 Jul, 2014
Bid submission due date: Before 10.00 hrs on 25 Jul, 2014 

Auction 2

• Iron ore lumps: 116,000 MT
• Iron ore fines: 72,000 MT
• Total quantity: 188,000 MT

Bid opening time: 13.00 hrs on 25 Jul, 2014
Bid submission due date: Before 10.00 hrs on 25 Jul, 2014 

Auction 3

• Iron ore lumps: 72,000 MT
• Iron ore fines: 132,000 MT
• Total quantity: 204,000 MT

Bid opening time: 15.00 hrs on 28 Jul, 2014
Bid submission due date: Before 14.00 hrs on 28 Jul, 2014 

Royalty, Forest Development Tax, Sales tax, Cess and other statutory duties & levies etc applicable at the time of supplies will be extra and payable by the successful bidder.