e-Auction Schedule

Seller : NLC India Limited

Material : Raw Lignite

Mode : Road
Version Number : 1

Event No : NLCIL/Raw Lignite/EARL-40/2019-20/SMALL BUYERS

Date of Hoisting : 01.11.2019
   

Catalog Name:- e-Auction of Raw Lignite of NLC India Limited (Category - Small Buyers), Dated:21.11.2019, Quantity offered 50000MT

Lot No Source Product Information/Size/Grade EMD Rate per MT Quantity(MT) Floor Price(Rs/MT) e-Auction Date Auction Start Time (Hrs) Auction Stop Time (Hrs)**
1 Mine-IA Site Neyveli Tamil Nadu Sale of Raw Lignite on "as is where is and no complaint basis only"
CALORIFIC VALUE - 2460 TO 2970 K.CAL/KG  Fine to 30 cms (Normal lump forms)
200.00 50000 MT 1700.00 21.11.2019 11:00 13:00
   
Physical properties of Raw lignite: Colour - Brown to Dark Brown, Bulk Density (loose)- 0.85 to 0.95 gram/cc, Moisture - 46 to 56 %, Ash - 3 to 12 %, Volatile Matter - 21 to 26 %, Fixed Carbon - 17 to 22.5 %, Sulphur Content - 0.5 to 1.2 %.
Please deposit EMD using any of the below mentioned modes : a) IDBI / INDUSIND RTGS b) Online Payment Gateway. Please go through the entire schedule for details like last date of submission of EMD etc.
Please update your GST with us in Coaljunction 48 Hours prior to the e-auction date to be eligible to participate in the e-auction.
All buyers are requested to check the Scheme / Terms & Conditions / Notice in details before e-auction participation.
The Floor price / Starting price is mentioned in Rs. per Tonne and is exclusive of Royalty+ Applicable Taxes, DMFT+ Applicable Taxes, NMET+ Applicable Taxes,GST, GST compensation Cess & IT. Royalty :- 6% of the Basic sale price+ Applicable Taxes, DMFT @ 30 % on Royalty+ Applicable Taxes, NMET @ 2 % on Royalty+ Applicable Taxes, GST @5%, GST Compensation Cess will be levied @ Rs.400/- per Tonne. Income Tax : - 1% on total Sale Value without Form 27 C.(With Form 27 C = Nil)
   
e-Auction Date EMD Deposit Last Date* Time (Hrs.)
21.11.2019 20.11.2019 12:00
   
 
TRANSACTION PASSWORD IS NOW MANDATORY FOR PARTICIPATION IN ANY E-AUCTION CONDUCTED IN www.coaljunction.in
FOR DETAILS PLEASE CONTACT 1800-419-2000-1.
 
  • Bidders are always requested to check your e-ledger 15mins prior to start of e-auctions and revert back to us with relevant details at coaljunction@mjunction.in if the payment is not uploaded.
  • Bidders are requested to note that wef 17th July'14 EMD deposited through CITIBANK E-collect mode will not be allowed and will not be accepted.
  • All bidders are requested to put their Bidder id number correctly and use system driven RTGS process for EMD deposition process within cut-off time. Failure to comply may result in non uploadation of EMD.
  •  
     
    For timely participation in coal e-auctions bidders are requested to instantly report to us any issues related to payment failures/unsuccessful transactions during payment of EMD through ONLINE mode with in cut off time. Delay in reporting might cause inconvenience, even non-participation in e-auctions also.
     
    Bidders are being advised not to do ONLINE transactions while the auctions (in which he/she is participating) are going on as post reporting there might be delay in resolving the issues due to multiple handling of multiple queries from all the such reported cases from various customers in a sequential manner and Coaljunction cannot be held responsible in such cases wherein this might lead to non participation /delay in participation.
     
    *For EMD deposition using RTGS/NEFT mode - We would like to advice our bidders to deposit the EMD's at the earliest to avoid unfavourable incidents like Bank Holidays, Bank Strike, Bandh etc in any part of India on the last date of EMD Deposition.
     
    **Assuming no valid bid received in the last five minutes.
     
    Please visit our website for relevant information.
     
    We urge our esteemed customers to constantly check your User Id & Password so that you can smoothly log in to auction services.
    In case of any problem please write to us at coaljunction@mjunction.in
     
    Customers are requested to send us a simple e-mail at coaljunction@mjunction.in in case if they have Onetime registration and if their validity has expired after three years.
     
    Change in branch timings on Saturdays:-
    Please be informed that Banks will remain open for full day on 1st, 3rd and 5th Saturday of every month. ( Excepting National Holidays ).
    As per the recent notification, RBI has announced public holiday on Second and Fourth Saturday of month and full working day on Saturdays other than second and fourth.
    This change came into effect from 1st of September 2015.
    Accordingly, Bank branches will be closed every second and fourth Saturday.
    Importantly, all other Saturdays in a month will be full working days and cut-off timing for all types of transaction processing would be similar to normal working days.
       
    IMPORTANT POINTS TO BE NOTED
       
    Bid Increment

    (During Scheduled Auction Time)
    Bid Increment

    (During First 2 Hrs of Auto-Extension Time)
    Bid Increment

    (Beyond 2 Hrs of Auto-Extension Time)
    Auto Extention Time
    Rs. 10 Rs. 10 Rs. 10 5 minutes
         
    Mode Minimum Bid Quantity(MT) Bid Multiple(MT)
    Road 10.00 10.00
       
    Important Points to Note:
    1. e-auction Timings/Quantity are subject to change.
    2. e-auction Price is the Basic Price only. Statutory Charges, Taxes, Levies & Duties, etc., shall be extra (as applicable) during payment of sale value.
    3. Loading and Transportation of Raw Lignite have to be arranged by the buyers at their own cost.
    4. No Re-registration will be accepted on the day of e-auction.
    5. Please read the Scheme / Terms & Conditions governing the e-auction before participation.
              A.During participation a prompt appears on screen after login.
              B.The participant is allowed to bid in the e-auction only after according acceptance to the Terms and Conditions of e-auction.
              C.On selection of check box and clicking of I Agree button it will be deemed that the participant has accepted the Scheme / Terms & Conditions governing the e-auction.
    6. For details please read the Procedure for e-auction and Important Notice on www.coaljunction.in
     
    Login To: www.coaljunction.in or https://auction.coaljunction.com
       
    PLEASE CHECK NOTICE/ SCHEME ON SITE
     
    =END=.