October 14, 2008

MMTC invites bids for import of 30,000 tonnes of LAM coke

It is reported that MMTC Ltd has invited global bids for import of 30,000 tonnes low ash metallurgical coke. Prospective suppliers can submit their bids by February 5th 2008.

The bidders would be required to submit their offers for the supply of coke on CFR FO New Mangalore Port basis. All the bidders are required to submit an interest free EMD of USD 25000.The successful bidder would have to execute a performance guarantee bond in the form of a bank guarantee for an amount covering 3% of the contract value.

To qualify technically, bidder who has not supplied LAM coke to MMTC shall satisfy all the following minimum threshold criteria.
1. The bidder shall have an original letter of authority and support for participation in this tender from LAM coke producer owning coke ovens.
2. The bidder must demonstrate sound financial status. The bidder’s annual turn-over shall not be less than USD 25 million.
3. Bidders, who have not supplied LAM coke to MMTC earlier, must submit the duly filled in empanelment form with required documents.

The coal and hydrocarbons business of MMTC mainly comprises Lam coke, coking coal and steam coal. MMTC is one of the largest importers of LAM COKE in India. LAM COKE is imported by MMTC for various customers like NINL, SAIL, RINL, KIOCL, and IDCOL and also for some private companies.