Note:

  1. Modification in the EMD requirement for Spot & Forward e-auction: As per CIL-Letter dtd 02.03.2016, all registered buyers shall be required to deposit in advance non-interest bearing EMD @ Rs.200/- Per MT with respective service provider for all grades of coking and non-coking coal, on trial basis for 6 months.
  2. Entitlement to bid in any e-Auctions of coal shall be decided by the EMD deposited by the registered bidders, one working day before the day of e-Auction.

 

Mode of EMD Payment:

EMD may be deposited by way of Demand Draft drawn in favor of ‘MSTC ESCROW E-AUCTION - Name of the bidder’ payable at ‘Kolkata’

MSTC and CIL has opened an escrow account with following Banks, the details are as follows.

1. The account is in the name "MSTC ESCROW E-AUCTION" and the account number is: 32113442140 with State Bank of India.

2. The account is in the name "MSTC ESCROW E-AUCTION" and the account number is: 0068050061108 with United Bank of India.