MMTC Offers Imported Coking Coal for Domestic Sale

MMTC, the largest trading company in the country, has invited tender for domestic sales of coking coal delivered via rakes at Paradip port.

The offered coal is of Australian origin which would be supplies in four to five rakes in two lots. First lot comprises of three rakes while the remaining rakes would be delivered in second lot at seller’s option. (Each rake would carry approximately 3,500 MT)

MMTC has specified that the sales would be incorporated separately for both soft and hard grade of coking coal, which majorly varies on the CSN (Crucible Swelling Number) parameter. It is pertinent to note that the soft coking coal is of Blackwater brand, while the hard coking coal is of Goonyella brand.

The specified parameter of coal put forward for sale can be seen here.

The company procures imported coal on behalf of NINL to cater the plants’ operation, while the excess material is liquidated by selling it in the domestic market. Previous such tender was notified in the month of Jul’19.

Salient features highlighted in tender document:

Documents Required: Offer for coal is to be submitted in two separate sealed envelopes: one for Technical Bid and other for Price bid.

(a) Technical bid should comprise: duly signed tender document, buyer’s profile and EMD details of deposit.

(b) Price Bid should properly mention the quoted price (in INR/MT) for the intended material.

Payment: Payment are be made 100% in advance for cost of goods for indenting by MMTC Ltd, Paradip or 100% sight LC negotiable on basis of pro-forma invoice.

Delivery Period: Material would be loaded onto rakes at Ex-Paradip port. The Railway freight from Paradip to destination would have to be bear by the buyer.

MMTC has stated that delivery of the first rake would start immediately after placing the order. However, in case of non-lifting of material, the railway charges/LD would also be borne by the buyer.

Due Date for Tender:

Last date for submission of bids for soft coking coal has been set 25 Mar’2020 while that for hard coke coal it is marked 30 Mar’2020.

The tentative schedule of the sales has been tabulated below for ready-reference.