The largest pellet exporter named Jindal Power & Steel Limited (JSPL), has offered around 55,000 MT high grade (Fe 64%) pellets export tender to China.
It is to be noted that Indian pellet exports are gaining momentum owing to increase in pellet demand from China. India’s key exporters namely JSPL, Essar Steel etc are exporting pellets to China through the tendering procedure.
Offer details:
Commodity: Iron ore pellets (Fe 64%)
Quantity: 55,000 MT (+/-10%)
Laycan: 05 Oct’16 -13 Oct’16
Last date of shipment: 15 Oct’16
Load Port: Paradip/Dhamra/Gangavaram Port
The due date for bid submission is 20 Sept’16 till 14.00 hrs. For inquiry, please contact manas.pradhan@jindalsteel.com
Bidding Process & Selection
Step 1: Interested parties shall submit their bids with the time line i.e. till 14:00 hrs
Step 2: Top 5 bidders shall be selected and informed about the higher bid (by 15:00 hrs on 20 Sept’16)
Step 3: Top 3 bidders shall be given one more opportunity to revise their bid ( by 16: 00 hrs on 20 Sept’16)
Step 4: If any bidders bid higher than the highest bid in Step 3, then the highest bidder in step 2 shall be rejected
Step 5: Highest bidder in Step 3 or Step 4 (if applicable) shall be intimated and confirmed about the tender
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