Paradip Port Trust, has invited bids for allotment of 10 manual and 10 mechanical iron ore plots through online bidding platform. The technical bids for the respective auction will be opening today. Both the mechanical and manual plots will be allotted for a period of 11 months.
In this auction, total 17 interested bidders have participated for the manual plots for all 10 manual plots and 8 parties have put bids for 10 mechanical bids to be e-auctioned.
All the 10 nos. of manual iron ore plots put to tender have been standardized to area of 3000 square meter. Each and all the available 10 nos. of mechanical iron ore plots put to tender have been standardized to 5000 square meter each and are located at iron ore handling plant.
However, the last e-auction of Paradip Plot e-auctions conducted on 07 Nov’15. The auction was conducted for 10 mechanical iron ore plots of 5,000 square meter for exports received lukewarm responses. Total 3 companies participated in the auction namely JSW Steel, Rungta Mines and Bagadiya Brothers. The mechanical plot received bids for around 56 lakhs per annum. No manual plots had been allotted in the last e-auction.
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