NOTIFICATION FOR SALE OF COAL BY NCL THROUGH
SPOT e-AUCTION FOR THE MONTH OF JULY 2013

Notice no. NCL/SGR/Sales/e-auction/13-14/809                                     Dated 10.07.2013

Northern Coalfields Limited, Singrauli MP proposes to sell of coal & rejects through Spot e-Auction Scheme – 2007 wherein any Indian Buyer (viz. individual, partnership firm, companies etc.) can participate and obtain coal through the process of electronic bidding. The schedule for sale of coal through Spot e- Auction Scheme 2007 from NCL mines is as under:

Date

Time

Source

Quantity

(MT)

Grade/GCV/Size

Reserve Price

(Rs/Te)

Mode

Auctioneering

Agency

 

 

Block-B

41,000

G - 5/

2980/-

Road

 

 

 

 

 

5801-6100/ Steam

 

 

 

 

 

Khadia

10,000

G - 5/

2980/-

Road

 

 

 

 

 

580 1-6100/ Steam

 

 

 

 

 

Krishnshila

15,000

G -6/

2330/-

Road

 

 

 

 

 

5501-5800/ Steam

 

 

 

 

 

Jhingurda

20,000

G-10/4301-4600/

1392/-

Road

 

24.07.2013

10:00

 

 

Crushed ROM

 

 

MSTC

 

Hrs to

 

 

G-10/4301-4600/

 

 

 

 

12:00

Kakri

30,000

Crushed ROM

1392/-

Road

 

 

 

Bina

15,000

Ungraded-Crushed

648/-

Road

 

 

 

 

 

(-)250 mm size

 

 

 

 

 

 

 

G-10/ 4301-4600/

 

Rail (CHP

 

 

 

Bina

06 Rakes

Crushed ROM

1392/-

loading)

 

 

 

 

 

G-10/4301-4600/

 

Rail (CHP

 

 

 

Jhingurda

05 Rakes

Crushed ROM

1392/-

Loading)

 

 

 

Jayant

20 Rakes

G-7/5201-5500/

Crushed ROM

2268/-

PR

Loading

 

 

 

Dudhichua

40 Rakes

G-7/5201-5500/

2268/-

Silo

 

 

 

 

 

Crushed ROM

 

Loading

 

Pre-requisite conditions for participation in Spot e-Auction are as follows:

(1)       Registration: Prospective Buyers can participate in e-Auction by registering themselves with the respective Auctioneering Agency. i.e. M/s MSTC Limited’s Website www.mstcauction.com or www.mstcecommerce.com For more details, may log on to NCL Website: www.ncl.gov.in or contact at 07805-267406

(2)       Reserve prices are excluding levies and statutory charges as applicable.

(3)       Deposition of earnest Money @ Rs. 500/- per MT on quantity of coal intended to bid by Buyer. EMD is to be deposited by way of DD/RTGS/ECS drawn in favour of respective Auctioneering Agencies before a day for conducting e-auction.

(4)       Deposition of earnest Money @ Rs. 400/- per MT on quantity of ungraded crushed (-) 250 mm size intended to bid by Buyer. EMD is to be deposited by way of DD/RTGS/ECS drawn in favour of respective Auctioneering Agencies before a day for conducting e - auction.

(5)      Deposition of Coal Value:

Successful Bidders shall deposit Coal value through Draft/RTGS/ECS/Banker’s Cheque at the office of General Manager (S&M), NCL Singrauli at the following banks.

S.No.

Name of the Bank

Branch

RTGS/IFSC

code

Account No.

1

State Bank of India

Morwa

SBIN0003767

10773219417

2

Allahabad Bank

Morwa

ALLA0210254

50066405613

3

Union Bank of India

Morwa

UBIN0539171

391701010129658

 

(6)      In terms of Circular no. CMP/1/2012 dated 20.12.2011 issued by Railway, Quantity per rake shall be 3894 MT i.e. 59 Box of 66 MT each. Accordingly Financial coverage shall be taken as 4012 MT per rake i.e. 68 MT in each Box.

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All the prospective buyers may please note that the value of Financial coverage for each successful bid will be available at office of General Manager(S&M), NCL, Sing ra u li.

(7)   Successful bidder is required to deposit coal value at NCL through Draft/RTGS/ECS, within 07 (Seven) working days of NCL, Singrauli i.e last date of deposition of coal value is 01.08.2013. Coal value will not be accepted after due date.

Note: Application form alongwith all the other required documents should be submitted at the office of General Manager(S&M), NCL, Singrauli only. It may be noted that coal value & documents will not be accepted NCL Desk office, Kolkata.

All the successful bidders may, therefore asses the correct coal value amount including sizing charge and other statutory levies before deposition of DD/Banker’s Cheque & forwarding RTGS etc. for consenting programme. Actual price, though, is to deposit before/alongwith option of destination etc. but final payment shall be on the status of coal price/statutory levies etc. at the time of delivery of coal.

(8)     In case of Bidders who have booked their rail programme through Bank Gaurantee (BG), a notice for deposition of coal value by way of Demand Draft/RTGS/ECS, will be displayed on the notice board of NCL office, Singrauli, at least three working days in advance before the expected date of offer to the Railways for allotment. The bidder will be accordingly required to deposit coal value alongwith the debit advice to the tune of BG involved in the programme, within 48 hours of such notice.

(9)   Note: Before taking part in NCL’s Spot e-Auction, Bidders are to note that,

(a)                    They are to satisfy themselves with the quality of coal being offered from a source.

(b)                    There will not be any joint/third party sampling facility extended to any bidder. Refusal on account of non-suitability and/or sub-standard quality for the allotted quantity of coal shall not be acceptable.

Apart from the above, bidders are governed by all other terms & conditions of NCL’s Spot e-Auction Scheme-2007. The same is available in NCL’s & Service Provider’s website i.e. www.ncl.gov.in & www.mstcauction.com or www.mstcecommerce.com.

For any further clarification, please contact Auctioneering Agency:

M/s MSTC : Phone No. 033 22470568, 22479622, 22470964, 22891401

E Mail address: mstcindia@mstcindia.com or admin@mstcauction.com

Postal address: M/s MSTC, 225, Acharya Jagdish Chandra Bose Road, Kolkata- 700020

Details of e-Auction are displayed on website of Auctioneering Agency i.e. M/s MSTC Website www.mstcauction.com or www.mstcecommerce.com. Details are also displayed on NCL website – www.ncl.gov.in

NCL management reserves the right to withdraw e-auction scheme or change/amend any of the terms and conditions including the quantity offered, without assigning any reason thereof.

General Manager(S&M) NCL, Singrauli