Indian government-owned trading house MMTC Limited is seeking to procure 60,000 mt of iron ore fines with 62 percent Fe content through the tendering route for the steel producer Neelachal Ispat Nigam Limited (NINL), industry sources said on Friday, March 30.
MMTC, a principal promoter of NINL, has invited bids from domestic commercial miners with a deadline of April 6 for submission of bids, the sources added.
The tender document issued by MMTC stipulated that the successful bidder will have to complete delivery of the entire volume within 30 days of the issue of the purchase order, the sources added.
Bidders will have to submit offers on the basis of landed cost of the volume at NINL’s plant located in the eastern Indian state of Odisha, which would include offer price plus railway freight charges plus Goods and Service Tax as applicable, the sources said.