Andhra Pradesh: Around 30 bid for EoI floated by Visakhapatnam Steel Plant; Telangana government backs out
The Hindu
A few multinational companies and a company that has shut down its operations in war-torn Ukraine are among those who filed bids for EoI floated by RINL
Around 30 bids were filed as the extended last date for Expression of Interest (EoI) floated by the Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), came to an end on Thursday evening.
The Telangana government, which initially evinced interest to participate in the bidding through the Singareni Collieries Company Limited (SCCL), backed out, trade union sources said.
The RINL had called for EoI to fund its working capital / raw material requirements against supply of steel. Though the last date was originally April 15, it was extended till April 20.
The bidders included a few multinational companies and a company that had to shut down its operations in war-torn Ukraine, sources in the trade union said.
According to reliable sources, the international companies that participated in the bid included Indo Intertrade AG (Switzerland); Indo International Trading FZCO (Dubai); SB International Inc (Dallas); Global Soft Pte Ltd (Singapore); and Vadim Novinnsky Alexanda, the location of which could not be ascertained.
The Indian bidders included Tata International Ltd.; IMR Metallurgical Resources AG; Soorjmull Baijnath Pvt Ltd; JSW Steel Limited; Vinar Overseas Pvt Ltd; TUF Group; Jindal Steel and Power Limited; Agora Partners; Sri Satyam Ispat Pvt Ltd; Europa Imort Export Ltd; HSCODES Pvt Ltd; Venspra Impex; Elegant Metals and Minerals Pvt Ltd; LK Sri Enterprises LLP; Auroglobal Comtrade Pvt Ltd; Avon Steel Industries Pvt Ltd; and Rootage Import and Export Pvt Ltd.
CITU leader J. Ayodyaram said that 29 companies, including half-a-dozen foreign companies, participated in the bidding. The Telangana government did not participate, he added.
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