The online reverse auction tender process which was held yesterday for the fifth time received no bids.
The SAIL tender which was issued in January’16 for purchase of 34,720 MT silico manganese, to meet the requirement of its various plants and for duration of 4 months (February – May 2016). The techno-commercial bid had revealed that 9 plants had participated in the tender. However, the online reverse auction which was held yesterday for the fifth time received no bids as participants expect higher prices with the LCNS price fixed at INR 43,775/MT. The auction was therefore closed.
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