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Iron Ore Auction Results 2014

This document is a bid sheet from an iron ore auction containing information about 4 lots of iron ore fines up for bidding. It provides details of the 13 bidders who placed bids, including the bidding state, floor price, booking price, quantities bid on and allocated, and the H1 or highest bid value for each lot. The lots range in size from 4000 metric tons to 52,000 metric tons and indicate iron content between 58-64%. JSW Steel placed the highest bid on all 4 lots for a total H1 value of over 100 crore INR.

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225 views5 pages

Iron Ore Auction Results 2014

This document is a bid sheet from an iron ore auction containing information about 4 lots of iron ore fines up for bidding. It provides details of the 13 bidders who placed bids, including the bidding state, floor price, booking price, quantities bid on and allocated, and the H1 or highest bid value for each lot. The lots range in size from 4000 metric tons to 52,000 metric tons and indicate iron content between 58-64%. JSW Steel placed the highest bid on all 4 lots for a total H1 value of over 100 crore INR.

Uploaded by

ANIL
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Page 1 of 5

Bid Sheet
Auction No. MSTC/BLR/MONITORING COMMITTEE /26/BANGALORE /14-15/2295 [79587]
Period Of Auction 2014-05-26 15:00:00.0 :: 2014-05-26 17:49:25.868275
Currency INR

Bidder/Bid Info : No. Of Bidders : 13 No. Of Winners: 8 No. Of Bids : 249

Qnty. 4000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines. Bidding basis
concerned stack pile (N/FP/44F). M/s. Veerabhadrappa Sangappa & Company ML
No. 2296
Lot No : N/FP/44F Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=61 to 61.5

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 3025 3025 4000 4000 MT4K 12100000 12100000
LTD/41507

Qnty. 52000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines. Bidding basis
concerned stack pile (N/FP/50F). M/s. Veerabhadrappa Sangappa & Company ML
No. 2296
Lot No : N/FP/50F Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=62.75 to 63.25

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 3190 3190 48000 48000 MT4K 153120000 153120000
LTD/41507
mstc/SLR
2 METALIKS Karnataka 3190 3190 4000 4000 MT4K 12760000 12760000
LTD/45128

Qnty. 12000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines. Bidding basis
concerned stack pile (N/FP/51F). M/s. Veerabhadrappa Sangappa & Company ML
No. 2296
Lot No : N/FP/51F Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=63.5 to 64

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 3370 3370 12000 12000 MT4K 40440000 40440000
LTD/41507

Qnty. 16000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines. Bidding basis
concerned stack pile (N/FP/52F). M/s. Veerabhadrappa Sangappa & Company ML
No. 2296
Lot No : N/FP/52F Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=58.5 to 59

SL. No. Bidder Name State Unit H1 Value

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Floor Booking Bid Allocated Floor


Price Price Quantity Quantity Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 2090 2480 8000 8000 MT4K 16720000 19840000
LTD/41507
mstc/BMM ISPAT
2 Karnataka 2090 2470 16000 8000 MT4K 16720000 19760000
LIMITED/41456

Qnty. 4000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines. Bidding basis
concerned stack pile (N/FP/MML/TIOM/F-3). M/s. Mysore Minerals Ltd.,
(Thimmappanagudi Iron Ore Mines) ML No. 2605
Lot No :
Lot Description :
N/FP/MML/TIOM/F-3 Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=58.08

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JANKI
1 CORP Karnataka 2440 2450 4000 4000 MT4K 9760000 9800000
LIMITED/45181

Qnty. 24000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines. Bidding basis
concerned stack pile (N/FP/MML/TIOM/F-4). M/s. Mysore Minerals Ltd.,
(Thimmappanagudi Iron Ore Mines) ML No. 2605
Lot No :
Lot Description :
N/FP/MML/TIOM/F-4 Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=58.20

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/Sathavahana
Andhra
1 Ispat 2440 2440 8000 8000 MT4K 19520000 19520000
Pradesh
Limited/29020
mstc/KIRLOSKAR
FERROUS
2 Karnataka 2440 2440 4000 4000 MT4K 9760000 9760000
INDUSTRIES
LIMITED/44209

Qnty. 8000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines (-10mm). Bidding
basis concerned stack pile (N/FP/14-15/01F). M/s. P. Balasubba Setty & Son,
Karadikolla Village, ML No. 2502
Lot No : N/FP/14-
Lot Description :
15/01F Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=63+/-1

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 3500 3500 8000 8000 MT4K 28000000 28000000
LTD/41507

Qnty. 8000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Lumps (10mm to
40mm). Bidding basis concerned stack pile (N/FP/14-15/02L). M/s. P. Balasubba
Setty & Son, Karadikolla Village, ML No. 2502
Lot No : N/FP/14-
Lot Description :
15/02L Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=64+/-1

SL. No. Bidder Name State Unit H1 Value

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Page 3 of 5

Floor Booking Bid Allocated Floor


Price Price Quantity Quantity Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/MUKAND
1 Karnataka 4100 4250 4000 4000 MT4K 16400000 17000000
LTD/45112
mstc/JSW STEEL
2 Karnataka 4100 4220 4000 4000 MT4K 16400000 16880000
LTD/41507

Qnty. 16000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Lumps (10mm to
40mm). Bidding basis concerned stack pile (N/FP/14-15/03L). M/s. P. Balasubba
Setty & Son, Karadikolla Village, ML No. 2502
Lot No : N/FP/14-
Lot Description :
15/03L Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=64+/-1

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 4100 4140 12000 12000 MT4K 49200000 49680000
LTD/41507
mstc/KIRLOSKAR
FERROUS
2 Karnataka 4100 4140 4000 4000 MT4K 16400000 16560000
INDUSTRIES
LIMITED/44209

Qnty. 4000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines (-10mm). Bidding
basis concerned stack pile (N/FP/21F). M/s. P. Balasubba Setty & Son, Karadikolla
Village, ML No. 2502
Lot No : N/FP/21F Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=64+/-1

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 3600 3600 4000 4000 MT4K 14400000 14400000
LTD/41507

Qnty. 8000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines (-10mm). Bidding
basis concerned stack pile (N/FP/23F). M/s. P. Balasubba Setty & Son, Karadikolla
Village, ML No. 2502
Lot No : N/FP/23F Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=65+/-1

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 3700 3700 8000 8000 MT4K 29600000 29600000
LTD/41507

Qnty. 12000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines (-10mm). Bidding
basis concerned stack pile (N/FP/24F). M/s. P. Balasubba Setty & Son, Karadikolla
Village, ML No. 2502
Lot No : N/FP/24F Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=63+/-1

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)

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1 mstc/JSW STEEL Karnataka 3500 3500 12000 12000 MT4K 42000000 42000000
LTD/41507

Qnty. 12000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines (-10mm). Bidding
basis concerned stack pile (N/FP/27F). M/s. P. Balasubba Setty & Son, Karadikolla
Village, ML No. 2502
Lot No : N/FP/27F Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=61+/-1

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 3100 3100 12000 12000 MT4K 37200000 37200000
LTD/41507

Qnty. 16000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines (-10mm). Bidding
basis concerned stack pile (N/FP/31F). M/s. P. Balasubba Setty & Son, Karadikolla
Village, ML No. 2502
Lot No : N/FP/31F Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=63+/-1

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 3500 3500 16000 16000 MT4K 56000000 56000000
LTD/41507

Qnty. 24000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines (-10mm). Bidding
basis concerned stack pile (N/FP/SMIORE/IO/13-14/71F). M/s. SMIORE, ML No.
Lot No : 2580 (located at KTIO)
N/FP/SMIORE/IO/13- Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.
14/71F
Indicative Fe%=63.50+/-1

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 3200 3200 24000 24000 MT4K 76800000 76800000
LTD/41507

Qnty. 4000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines (-10mm). Bidding
basis concerned stack pile (N/FP/SMIORE/IO/13-14/72F). M/s. SMIORE, ML No.
Lot No : 2580 (located at KVH)
N/FP/SMIORE/IO/13- Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.
14/72F
Indicative Fe%=56.50+/-1

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/KEJ
1 MINERALS PVT Karnataka 1700 2260 4000 4000 MT4K 6800000 9040000
LTD/44701

Lot No : Lot Description : Qnty. 4000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Lumps (+40 -250mm).
N/FP/SMIORE/IO/13- Bidding basis concerned stack pile (N/FP/SMIORE/IO/13-14/73L). M/s. SMIORE,
14/73L ML No. 2580 (located at KTIO)

Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

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Indicative Fe%=61.50+/-1

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 3200 3510 4000 4000 MT4K 12800000 14040000
LTD/41507

Qnty. 4000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Lumps (+40 -250mm).
Bidding basis concerned stack pile (N/FP/SMIORE/IO/13-14/74L). M/s. SMIORE,
Lot No : ML No. 2580 (located at KVH)
N/FP/SMIORE/IO/13- Lot Description :
14/74L Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=59.50+/-1

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 2800 3600 4000 4000 MT4K 11200000 14400000
LTD/41507

Qnty. 20000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines. Bidding basis
concerned stack pile (N/FP/1F). M/s. Chowgule & Company Pvt. Ltd., ML No.
2546, Karadikolla Mine, Bavihalli Village, Sandur Taluk, Bellary District
Lot No : N/FP/1F Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=63.39

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 3325 3345 16000 16000 MT4K 53200000 53520000
LTD/41507
mstc/Sathavahana
Andhra
2 Ispat 3325 3345 4000 4000 MT4K 13300000 13380000
Pradesh
Limited/29020

Qnty. 8000 (+ /- 10%) MT in lots of 4000 MT. Type of ore Fines. Bidding basis
concerned stack pile (N/FP/2F). M/s. Chowgule & Company Pvt. Ltd., ML No.
2546, Karadikolla Mine, Bavihalli Village, Sandur Taluk, Bellary District
Lot No : N/FP/2F Lot Description :
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.

Indicative Fe%=63.78

Floor Booking Bid Allocated


Floor
SL. No. Bidder Name State Price Price Quantity Quantity Unit H1 Value
Value
(INR/MT) (INR/MT) (in MT) (in MT)
mstc/JSW STEEL
1 Karnataka 3325 3365 4000 4000 MT4K 13300000 13460000
LTD/41507
mstc/KIRLOSKAR
FERROUS
2 Karnataka 3325 3365 4000 4000 MT4K 13300000 13460000
INDUSTRIES
LIMITED/44209

Total Value At Floor Price :: 797200000


Total Value At Bid Price :: 812520000
Percentage Increase Over floor value :: 1.92

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