(A Govt. Of India Enterprise)
                                          
                                                  Plot no.CF-18/2, Street No.175, Action Area 1C, New Town, Kolkata - 700156

E-AUCTION FOR SALE OF IRON ORE FINES / LUMPS/ROM BY NMDC

Requirement:  (i) One PC/Laptop with Internet connection
                            (ii) Email address and mobile number
                            (iii) Registration with www.mstcecommerce.com  as buyer
 
 
How to Register with www.mstcecommerce.com ?
 
(i) Open website at www.mstcecommerce.com .
(ii) Click on the link 'Scrap & Custom Goods' and then Click on the link 'General Auction' after that Click on 'New Registration' .
(iii) GENERAL TERMS & CONDITIONS OF e-AUCTION will appear on the screen. Scroll down to the bottom of the page where two options will be there : (a) Register as Buyer and (b) Register as Seller.
(iv) Select and click on Register as Buyer option.
(v) BUYER SPECIFIC TERMS & CONDITIONS will appear next on the screen. Scroll down to the bottom of the page where again two options will be available: Agree and Disagree .
(vi) Select and click on Agree button.
(vii) Select General Auction ,then verify mobile number and e-mail id using otp.
(viii) Buyer's Registration Form will appear on the screen. Fill up the desired information.
(ix) Select your User ID and Password and keep a note of the same.
(x) After filling up the form click on the Submit button.
(xi) Click on Preview button. All the information typed in the form will be displayed to you for verification. If the information is correctly entered, then click on Submit button. On successful registration,  the system will send you an email and also inform you instantly to submit Registration Fee.
      
The Registration fee is Rs.10000/- plus taxes extra.

Information of NMDC e-Auction: The information will also be available on our websites: www.mstcecommerce.com  and www.mstcindia.co.in  .
 
How to know about material offered.   Log on to www.mstcecommerce.com  and type your user id and password. You will be taken to your Home Page . There will be two buttons: Select and click on View Forthcoming e-Auctions . A list of all the e-Auctions will appear on your screen. Select and click the one you want to see. The catalogue with all the details and terms and condition will appear. You can take a print of the same and keep for your further needs and record. The information will also be available on www.mstcindia.co.in.
 
How to purchase material through e-Auction?


1) Only those customers registered with www.mstcecommerce.com  as a buyer of 'Scrap and Custom Goods' General Auction under that as a General Auction shall be eligible to participate in e-Auction.
 
2) The e-Auction shall be open for a period as per mentioned timing in auction catalogue hours only.
 
3) The rate of EMD will be mentioned in the e-auction catalogue itself. A bidder has to submit requisite EMD along with duly signed and stamped Letter of Interest to be eligible to participate in an e-auction.

4) Minimum Bid quantity for Road and Rail mode will be 1 UNIT. UNIT will be defined separately for every material in the e-auction catalogue itself.
 
5) Maximum quantity that one can bid varies with material and offered quantity and shall be as specified in the e-auction catalogue.
 
6) For a given source, a customer can increase his bid any no. of times.
 
7) The bidding will start from Start Bid Price specified against each source. The bidder will have to quote a price equal to or higher than the Start Bid Price or that source to secure consideration in the concerned e-auction.
 
8) Prior to scheduled start time of an auction, the auction catalogue will be available under the link ' Forthcoming Auction'
 
9) If any bid is received during the last 5 minutes before scheduled close of auction for any source, its close time will get automatically extended by 5 minutes from the time of last bid in order to give all the bidders equal chance to revise their bid.

10) Bidding will close for a particular source either at the scheduled close time or till there will be period of 5 minutes in which no bid is recorded for the source, whichever happens later.
 
11) Material will be allotted to the H-1 Bidder on the basis of rate, quantity quoted and time of bid in order of preference.
 
12) The customers will be intimated about the allotment of iron ore through offer letter after the completion of e-auction. A copy of the same will also be available under offer letter link on Home page of bidder. However, it will be the responsibility of the bidder to check his offer of auction.
 
13) Please submit duly signed and stamped copies of auction notice, Terms and Condition of Sale, General Rules and regulation and Letter of Interest before being allowed by the system to participate in an e-auction.

For any further query or assistance regarding e-Auction contact us page - https://www.mstcindia.co.in/content/contact.aspx