Nilanchal Ispat Nigam Ltd (NINL), one of the largest integrated Iron and steel plant in Odisha, has revised prices of Low Ash Metallurgical Coke (LAM Coke) produced from its coke ovens.
The sale price noted on Ex-Plant basis would be valid for LAM Coke with size varying from 25-80 mm, envisaged for Oct’19 deliveries.
The specified grade of Coke has a fixed carbon percentage of 85%, besides comprising Coke Strength after Reactivity (CSR) and Coke Reactivity Index (CRI) of 65% and 25% respectively.
| S.No | Sales Quantity | Price* |
| 1 | Up to 3000 MT | 20,020 |
| 2 | 3000-5000 MT | 19,800 |
| 3 | 5000-8000 MT | 19,500 |
| 4 | Above 8000 MT | 19,300 |
Price in INR/MT
* Exclusive of GST, Freight, other statutory levies/taxes/duties etc.
NINL has notified that for coke sales up to 5000 MT, buyer would have to bear 10% advance along with payment for 1000 MT quantity. In case of sales beyond 5000 MT, the buyer would have to bear 10% advance along with payment for 2000 MT quantity.
Remaining balance is to be paid within the validity of price circular, which has been fixed at 18 Oct’19.
NINL has ascertained that delivery would be made by Rail/Road mode, and served on first-come-first-serve basis. Railway indent or loading of trucks will be in the sequence of payment received.
It was also stated that any other charges from Railways such as demurrage, punitive charges etc. would have to be bear by the buyer.
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