On March 4, NINL had floated a couple of tenders, through MMTC, for purchase of Iron ore from mine owners and traders, price bids of which opened today.
NINL is to supply the raw material to its 855,000 tons (per annum production) Pig iron plant, located at Cuttack (Odisha).
1. Tender for purchase of crushed sized Iron ore (63% Fe)
Size: 10-40 mm and Quantity: 37,000 MT in 10 rakes
Response: 18 bidders participated in the tender and lowest bid received was at Rs 1,818/MT (loaded to wagon).
2. Tender for purchase of iron ore fines (63% Fe)
Size: 0-10 mm, Quantity: 353,000 MT in 95 rakes
Response: Lowest bid received was at Rs 5,750/MT (loaded to wagon).
Prices in Rs/MT on F.O.R basis, Railway Siding of NINL, Duburi (NINS) Jajpur,Odisha.
Management is yet to take a decision on the same, in about a week's time.
The total quantity mentioned for both the tenders is to be supplied in three month's time i.e. from April to June.
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