PLEASE CLICK HERE TO DOWNLOAD THE "ONLINE AUCTION NOTICE AND ANNEXURES"

PLEASE NOTE:

1. THE BID PRICE INCREMENT IS RS.10/- OR MULTIPLE OF 10.

2. THE AUTO-EXTENSION OF CLOSING TIME IS 5 MINS.

 The Iron Ore as mentioned in the e-auction schedule is available for sale through online e-auction process.

 The physical location of the lot is indicated by markers of suitable type and they are only indicative and not geometrical.

 The bid value quoted shall be the basic price in Rupees per WMT (Wet Metric Ton) for the mineral. Royalty, Forest Development Fee (FDF) (As per "The Karnataka Forest (Amendment) Act, 2016, dated 27-07-2016, (Karnataka Act No. 23 of 2016)"), Sales tax (on auction price, royalty and FDF), Cess and other statutory duties and levies etc. applicable at the time of supplies will be extra and payable by the successful bidder.

1. Eligibility: The e-auction is for registered Steel Plants, Pig Iron Plants, Pelletisation Plant, Sponge Iron Plants and Beneficiation Plants who have been wholly/partly dependent on the iron ore from Karnataka for their own use. No middlemen/traders are eligible to participate in the e-auction and no exports will be permissible.

2 .   Customers intending to participate in the  e-Auction would be required to submit the following to M/S MSTC Ltd. The last date and time of submission of EMD and e-Auction documents is as mentioned in clause No. 3 below.

i) Earnest Money Deposit(EMD): Non-interest bearing EMD, of Rs.5,00,000/-(RS. FIVE LAKH) per LOT of 4000 WMT, to be submitted in the form of Demand Draft drawn on any Scheduled commercial/Nationalized bank in favour of 'MONITORING COMMITTEE' payable at BANGALORE. The EMD against the respective lots has to be paid before bidding. Bidders interested in participating for more than one lot need to submit EMD for the total number of lots they intend to participate in.

ii) Online auction notice duly signed and stamped on every page.

iii) A letter of interest duly signed and stamped. Annexure A

iv) Terms and Conditions of sales through  e-Auction signed and stamped on every page. Annexure B

v) Affidavit on a non judicial stamp paper of Rs.100/-, in the prescribed format (Annexure-C), that the products would be used only by the domestic end-user.

vi) General Rules & Regulations governing conduct of online auctions on the service provider platform signed and stamped on every page. Annexure D

vii) GSTIN registration certificate.

viii) Proof of ownership of Steel/Pig iron/Sponge iron/Pelletisation Plant issued by appropriate authority.

ix) Proof of authority to sign the tender documents and the affidavit.  

x) Registration of End Users of mineral as per Rules framed under Sec 23 (c) of MMDR Act 1957 to be furnished.

xi) Approval letter from Monitoring Committee for participation in Iron Ore e-auction.

NOTE: It is the responsibility of the willing parties who have submitted documents expressing interest to participate in the particular e-Auction, to go through the requirements and submit all documents as per conditions mentioned in this auction document. Hence the parties are advised to carefully go through the requirements of this auction document and submit all relevant information. Any deviation to the requirements of this auction document (lack of information etc) will be construed as Conditional and measures as decided by Monitoring Committee will be applicable. The decision of Monitoring Committee in this regard will be final and binding on the bidder.

3. Last date of submission of EMD and e-auction documents is up to 10.00 AM for auction scheduled at 11.00 AM and 02.00 PM for auction scheduled at 03.00 PM, on or before the date of e-auction.

4. Before actual participation, the bidders may obtain necessary help from MSTC Ltd so as to enable them to participate in the online auction process without any difficulty.

5. The successful bidder has to submit following documents in addition to the documents required in the contract.

A)         Affidavit on a non judicial stamp paper of Rs100/-, ensuring that the material purchased from the Monitoring Committee will be used in their own plant only (to be submitted to state Govt at the time of obtaining geological permit (Bulk Permit) in the format prescribed state authority).

B)    Copy of the monthly excise returns corresponding to the month in which supply is made to the successful bidder by MONITORING COMMITTEE.

C) Copy of LR confirming the receipt of the material received at factory with inward register copy.

6. If for any reasons beyond the control of MONITORING COMMITTEE all the mineral offered through the  online auction or part thereof cannot be delivered, the liability of MONITORING COMMITTEE will be limited only to refund of proportionate amount paid by the customer as applicable for the quantity not delivered.

7. The sale of mineral shall be governed by MONITORING COMMITTEE Terms and Conditions of sale through online auction and online auction notice- Annexure B.

8. MONITORING COMMITTEE reserves the right to withdraw from the sale after advertising or after issue of Acceptance Letter of any quantity of the material without assigning any reasons thereof to the customer. MONITORING COMMITTEE will not be responsible for any damages/loss what so ever to the customer on account of such withdrawal.

9. MONITORING COMMITTEE reserves the right to defer or prepone date for conduct of auction, through internet, mentioned in the notice for auction through internet at its sole discretion. Conditional bids will not be considered.

The e-auction will be conducted through the site http://www.mstcecommerce.com. Auction document containing terms and conditions of the auction may also be downloaded from http://www.mstcindia.co.in.

For registration and submission of documents please contact any of the numbers of M/s MSTC Ltd. as given below.

KOLKATA:

225-C, A.J.C. Bose Road, Kolkata-700020

Contact No.: (033) 2290-0964, 2287-7557 / 0568 / 77 16/9627/7568

MUMBAI :

607-608 Raheja Centre, Nariman Point, Mumbai-40002 1.

Contact No.: (022) 2288 6261 / 22823767 / 22872011 / 22822789.

(022) 2202 2296.

NEW DELHI :

30/3 1A Jeevan Vikas Building ,

1st Floor, Asaf Ali Road ( Opp. Hamdard) New Delhi- 110002.

Contact No.: (011) 23214201, 23213945.

CHENNAI:

Leelavati Building, 2n d Floor, 69 ,Armenian Street, Chennai-60000 1.

Contact No.: (044) 2521 9004, 2522 2842, and 2523 1584.

BANGALORE:

3^rd Floor, Kareem Tower, 19/5 & 19/6, Cunningham Road, Bangalore-560052.

Contact No.: (080) 2226 0054, 22266417.

VISAKHAPATNAM:

6th Floor  Jeevan Prakash LIC Building, Jeevitha Bima Road, Visakhapatnam-530004.

Contact No.: (0891) 274 6948, 270 1066.

VADODARA:

21, Kamalanjali Apartment, 2nd Floor, Opp. Tube Company, Old Padra Road, Akota,

Vadodara-390020.

Contact No.: (0265) 2339 672, 2310 629.