MSTC is conducting an E-auction, on behalf of Indian Oil Corporation Limited, for 150,000 MT of Petcoke on 24Aug’17.
The participating bidders will have to quote their total quantity for three months, subjected to a minimum quantity of 30,000 MT.
The bidders will also have to submit a pre-bid earnest money deposit of INR 20, 00,000 to participate in the E-auction, regardless of their intended quantities.
The bid opening date is on 24 Aug’17 at 11 am; and will close at 1 pm.
Important Details
| Product Code | 178130 |
| Participating Refinery | Paradip, Odisha |
| Delivery Period | From 1 Sep’17 to 30Nov’17(on working days) |
The Petcoke market in India is sustaining strong demand on account of strong consumption by the user-industries. The demand pattern is expected to remain so in the medium term as demand from the largest end-user–the cement industry– is growing at around 5% in the country.
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