India: NSEL invites Bid for Sale of Ferrochrome

National Spot Exchange Limited (NSEL) is inviting bid from interested buyers, traders or users of Ferrochrome for buying the material to its Mumbai office.

NSEL will sell the material, which is seized by Economic Offence Wing of Mumbai Police.

Material is lying at the warehouse of Metkore Alloys & Industries at Tekkali Mandal, Srikakulam (Andhra Pradesh) and sold on ‘As is Where is’ & ‘Whatever There is’ basis on Ex-Warehouse price by actual weighment.

Delivery: Buyers have to arrange for delivery & transportation at their own cost.

Specification

SGS India has surveyed of material and mentioned following specification:

  • Chromium (Cr): 61-62% (approx)
  • Silicon (Si): 2.96% (approx)
  • Carbon (C): 8.19% (approx)

Total Quantity: 14,200 MT (approx)

Important Time & Dates

  • Bid submission due date: Before 15.00 hrs IST on 10 May, 2014
  • Bid opening date: 16.00 hrs IST on 12 May, 2014

About NSEL

National Spot Exchange Limited (NSEL) is an Electronic Spot Exchange/Commodity Exchange that provides an electronic trading platform for spot contracts in commodities.


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