ON LINE FORWARD AUCTION TENDER NOTIFICATION FOR CARBON, ALLOY & SPECIAL STEEL MATERIAL LYING AT BHADRAVATHI & PUNE STOCK YARD

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1 STEEL AUTHORITY OF INDIA LIMITED PHONE: (10 LINES) EXTN.: 2055 FAX: No. VISL/TENDER/MJ/025/ Date: ON LINE FORWARD AUCTION TENDER NOTIFICATION FOR CARBON, ALLOY & SPECIAL STEEL MATERIAL LYING AT BHADRAVATHI & PUNE STOCK YARD Around 544 Tns. of Carbon, Alloy & Special Steel Material grouped into following lots vide Annexure - A & B available at Bhadravathi & Pune Stock Yard for disposal on AS IS WHERE IS AND ON NO COMPLAINT BASIS subject to prior sales through on line forward auction process at AM onwards on The applicable terms & conditions are as detailed below:- Lot No. Lot Description Qty. Tns. Remakrs 2 S15G, size 20 dia Details as per Annexure - A AISI CR / C$% / CF53 / S43C / 3 SAE1035 / SAE 1137, size 25 dia to Details as per Annexure - A dia 4 CL III, Size 286 dia to 350 dia Details as per Annexure - A 5 60Si7, size 26.1 dia to dia 6.29 Details as per Annexure - A 6 52CR4MO2V, size 35.1 dia to dia Details as per Annexure - A 7 50CR4MO2V / 52CR4MO2V, size 45 dia to dia Details as per Annexure - A 8 52CR4MO2V, size 33.0 dia to 38.5 dia Details as per Annexure - A 42CRMO4 / EN19 / SA19387 / 9 SAE4135H / SBMA 740 / SBMA 880Z / Details as per Annexure - A SCM 435H, size 60 dia to 125 dia 10 SCM 435H, size 26 dia to 50 dia Details as per Annexure - A 11 SCM415H / SCM435H, size 42 dia to 46 dia 8.13 Details as per Annexure - A 12 PS17RH, size 140 rcs Details as per Annexure - A 14 SCR420H, size dia to 27 dia Details as per Annexure - A 15 SCR420H, size 20 dia Details as per Annexure - A 16 SAE8620H / 40NICRMO3, size 24 dia to 41.5 dia Details as per Annexure - A 17 D3 / MGNME, size 160 dia to 170 dia 1.47 Details as per Annexure - A TOTAL PUNE STOCK YARD : Lot No. Lot Description Qty. Tns. Remakrs 1 42CR4MO2 (CSQ), size 115 rds, 120 blts Details as per Annexure - B 3 30MN5, size 110 blts Details as per Annexure - B 7 SAE 4340, size 40 rds 4.5 Details as per Annexure - B TOTAL GRAND TOTAL (A+B) Note:-

2 (1) Applicable Excise Duty & Cess is indicated against each Heat as per Annexure-A & B. Bidding price shall be per metric tonne on FOT Ex-works - Bhadravathi for Annexure A & Bidding price shall be per metric tonne on FOT Ex- Pune Stock Yard Excluding Statutory levies for Annexure - B. (2) Bidders should quote as per the material available in each lot after inspection on as is where is & no complaint basis The lengths, sizes/shapes and weight mentioned are only indicative in nature. (3) Lifting period : The lifting period shall be ten working days from the date of receipt of full payment. (4) E-forward auction details are available at SAIL - website and M/s.mjunction services limited website SPECIAL TERMS & CONDITIONS: 1. Submission of Tender Documents: Earnest Money Deposit (EMD) along with duly signed and stamped required documents (Clause No.1 of general terms and conditions) complete in all respects, should reach DGM-Mktg., Bhadravati / VISL Branch Offices before 5.00 PM on Subsequently e-auction will be conducted by M/s mjunction services ltd., Kolkatta from 11 A.M. ON Bidding: The bidders may obtain necessary support from the service providers M/s mjunction services ltd., for online e- forward auction. (Clause No.4 of VISL general terms & conditions). The bidding price should be per metric tonne FOT Exworks, Bhadravati, exclusive of statutory levies. Bidders should quote as per the material available in each lot after inspection on as is where is & no complaint basis The lengths, sizes / shapes and weight mentioned are only indicative in nature. Stock available against each lot may vary + or - 5%. 3. Earnest Money Deposit (EMD): i) EMD of Rs.1,00,000/- is to be paid to participate in the tender. ii) Permanent EMD shall be Rs.2,00,000/- for regular participants against tender of secondary products and shall be kept minimum six-months period and will not accrue interest. Permanent EMD will not be adjusted against supplies. On request permanent EMD shall be returned / refunded after a period of six months. In case of failure to fulfill the tender conditions after successful bidding, forfeiture of EMD amount is limited to one time EMD amount of Rs.1,00,000/-. iii) EMD of un-successful bidders shall be returnable / refundable within 7 days from the date of e-auction. The EMD of successful bidders except for those covered under permanent EMD shall be adjusted against the security deposit. For successful bidders having permanent EMD, no such adjustment shall be made with Security Deposit. 4. Security Deposit (SD): The successful bidder shall be required to furnish security 5% of bid value to be paid along with 100% sale value (bid value + applicable statutory levies) as per the details indicated in the sale order by Demand Draft / Pay Order / Bankers Cheque within stipulated time failing which the sale order will be stand cancelled & EMD will be forfeited. No interest shall accrue on security Deposit. The SAIL will be entitled to recover from the security deposit all the money due to SAIL concerning the sale & other statutory liabilities of customer.

3 The refund of security deposit is subject to the satisfactory execution of the auction. The security deposit will be refunded within 15 days of completion of lifting & claimed by the party. 5. Payment: Advance payment of the sale order value (Bid value + statutory levies like ED/cess, CST/VAT etc.) along with Security Deposit shall be payable within seven working days from the date of Sale Order / Acceptance Letter. Part payments are acceptable. On receipt of full payment only Delivery Order/ Despatch Advice will be issued. Payment is to be made by DD/ Pay Order/Banker s Cheque drawn on any Nationalised Bank/Scheduled Bank, payable in favour of M/s Steel Authority of India Ltd., Visvesvarya Iron & Steel Plant, Bhadravati or at VISL Branches. Also payable by e-payments through RTGS No.SBMY , A/c.No , Branch Code 40134, SBM Main Branch, Bhadravati On receipt of full payment against allotted quantity, Delivery Order / Dispatch Advice (DA) will be issued for delivery of material from the respective location. Picking & choosing shall not be allowed. The material will be delivered on as is where is and on no complaint basis. VISL weigh bridge weight is final and binding. Billing will be made in favour of allottee only. Lifting period : The lifting period shall be ten working days from the date of receipt of full payment. 6. No Test Certificates shall be issued. 7. Loading and transportation: the allottee shall make their own arrangement for PLACEMENT of trucks between Stock Yard working hours EXCLUDING SUNDAYS / NATIONAL HOLIDAYS. VISL will arrange loading of materials into trucks. 8 Non-compliance of tender terms & conditions (clause-1 of VISL general terms & conditions) will entail forfeiture of earnest money deposit / security deposit. 9. If for any reasons beyond the control of the company, all the tendered materials or part of the tendered only to refund of the proportionate amount paid by the party as applicable to the undelivered quantity or to extend the delivery period suitably at the sole description of the company. The above sale is subject to availability at the time of dispatch: STEEL AUTHORITY OF INDIA LIMITED 10. For all other terms & conditions, please refer VISL general terms & conditions. 11. In all cases of disputes arising out of this transaction, the settlements will be through negotiations / conciliation / arbitration, failing which the court at Bhadravati alone will have the jurisdiction. For any assistance please call: (a) M/s. mjunction services ltd. Chennai: Fax No Mr. Vikram Prasad : Mr. Shivkumar : Mr. S. Raghavendra : (SELAM)

4 Mumbai: Mr. Victor : / 63 Kolkatta: Abhijit Dey : / Delhi : Mr. Raminder : Auction Room Helpline Nos.: / / Visvesvaraya Iron & Steel Plant Bhadravati: Ph. No to 629 Extn Bangalore: Ph / , Chennai: Ph , Kolkatta: Ph , Mumbai: Ph , New Delhi: Ph , Pune: Ph / Distribution BM - Ahamedabad / Bangalore / Chennai / Kolkatta / Mumbai / Nagpur / New Delhi / Pune (M.N. Vittal Rao) Mgr. - Mktg AM - Shipment (Main Gate) / Sr.Mgr. (F) SA & CA / Mgr. - Security / AGM - PPC / AGM - CS & DS / AGM - Traffic / AGM - Shipment / ACVO / DGM I/c - F & A AGM - MKTG DGM - MKTG GM - MKTG f.k.i STEEL AUTHORITY OF INDIA LIMITED GENERAL TERMS & CONDITIONS OF THE TENDER 1. Customers intending to purchase materials shall go through and understand the following tender terms & conditions laid down in the following documents which are available in SAIL website and mjunction services website :(i) e-auction Notification along with special terms & conditions, (ii) VISL General Terms & Conditions. (iii) Letter of Interest, (iv) General Rules and Regulations governing conduct of On Line Auction on the Service Provider Platform, SAIL FA1 and (v) Definition of Key Terms. As a token of acceptance to the tender terms & conditions, the customers intending to participate in the tender shall duly fill up, sign & stamp on each page of Letter of Interest and submit the same along with Earnest Money Deposit to the Dy.General Manager Marketing, SAIL - VISL, Bhadravati / at any VISL Branch Offices. 2. Earnest Money Deposit (EMD) in the form of demand draft / Pay Order from a Nationalised / scheduled bank and drawn in favour of Steel Authority of India Ltd, A/C - VISL, payable at Bhadravati, Karnataka State; if not already paid permanent EMD; payment of EMD by cash, cheque, CDR or any other instruments except those as mentioned above shall not be accepted. It shall not be possible to adjust Earnest Money from any sum of Money due from VISL on A/c of pending bill, Security Deposit or Earnest Money, paid towards another tender;

5 3. The bids given by the customer in the On Line Forward Auction Notice, will be deemed as EX-VISL, Bhadravati, exclusive of applicable duties, cess & taxes, on per tonne basis. Each lot will be treated as a separate unit for the purpose of bidding / dealing the On Line forward Auction; 4. The Service Providers to Steel Authority of India Ltd., VISL viz., M/s. mjunction services ltd. will provide a user ID and Password to each Individual customer, who submit EMD and documents stated in paragraph above, to enable them to participate in the dynamic auctioning process for the lots of their choice, out of the indicated lots. Before actual participation, the customers may obtain necessary support from the Service Providers so as to enable them to participate in the Online Forward Auction process, without any difficulty; 5. Final Bids given by the customer in the Online Forward Auction process should be kept valid for 15 working days from the closing date of Online Forward Auction as given above for acceptance by the Head of Marketing; conditional offer shall be rejected. Offers for partial lot quantity will also be rejected; 6. Payment for the allotted quantity shall be made by DD / PO within the period specified against each lot in Acceptance Offer / Sale Order / On line Forward Auction Tender Notice. In case payment is made through a cheque, dispatches are made after realization of cheque and cheque realization date is considered as date of payment, for all purposes; payment by cash or any other instruments except those as mentioned above shall not be accepted. It is advisable to mention the name of the bidder, their address, phone / fax no. correctly for proper communications. SAIL / VISL shall not be responsible / liable for non - receipt of offer or any related correspondence in case of any mistake in the communication address or contact numbers. 7. Furnishing of Earnest Money Deposit (EMD) is a Pre-requisite for participating in the online e-forward auction. Permanent EMD (Non - Returnable) and one time EMD (Returnable) are as furnished in the special terms & conditions of the tender notification. No interest will be paid for EMD. One time EMD would be refunded after successful completion of allotted quantity in the lot(s); -6 - STEEL AUTHORITY OF INDIA LIMITED 8. The delivery will be made only from place mentioned in E-Forward Auction Tender Notification and this is subject to prior sale and availability of the material at the time of despatch; 9..Payment terms, penalty for delayed payments, issue of delivery order, lifting of materials from the yard, ground rent, forfeiture etc., shall be governed by Special Terms and Conditions of the tender notification. 10. Sales Tax will be charged extra as per the rate prevailing on the date of dispatch. Customers, desirous to avail concessional CST, should submit the relevant declaration form at the time of advance payment, else full rate CST will be charged. In case the declaration form is submitted after the dispatch, the refund of the differential in the CST amount or regularization of the same will be arranged only after the same is received from CST Authorities. For sale within Karnataka, VAT will be charged. Validity of the relevant Sales Tax Declaration Form will be as per the prevailing rule of Sales Tax Authority. 11. The successful bidders would have to submit the following documents at the time of deposition of payment.

6 (A) Sale Tax Registration certificate in case the bidder wants to avail concessional rate of Sales Tax as per rules, VAT registration and / or concessional form as applicable is to be submitted. (b) Banker s Name, Address, Branch & Account No. of the bidder, are to be submitted. (c) Self attested copy of current Income Tax clearance certificate with PAN/GIR may be furnished However, self attested copy of last Income Tax return filled (with stamp & date of IT department) is to be enclosed. 12. SAIL - VISL reserves the right to call for original documents for verification and / or additional documents, if considered necessary at a later stage. 13. SAIL - VISL/mjunction reserves the right to cancel any offer in case of non-submission of any or all the above documents at its sole discretion. 14. SAIL - VISL reserves the right to accept or reject any or all the tenders or to apportion the materials in any manner deemed fit. VISL decision shall be final and binding in the matter; 15. Applicability of Sales Tax / VAT / Services Tax / TCS and other concession to actual users or Traders shall be as per prevalent Rules. Tax at full rate will be charged if appropriate form is not submitted. 16. SAIL FA1, i.e. General Terms and Conditions of sale through online e-forward auction which is available on SAIL website : is applicable to the above tender. (M.N. Vittal Rao) Mgr. - Mktg