India: NMDC Resumes Domestic Pellet Offers from its Donimalai Plant

NMDC has resumed pellet offers from its Donimalai pellet plant after a gap of almost 2.5 months. The company is offering 43,000 MT pellets on advance payment basis. Current offers for Fe 64% pellets are at INR 6,000/MT FoT (Free on truck) basis. The price validity is till 3rd June 2020. Rake loading can be arranged at an extra cost of INR 105/MT.

-- Prior to this the Company had last floated in Feb'20 after a gap of five-month. The offer was at INR 7,000/MT (FoT basis).

-- Current offers from Southern India (Bellary based pellet makers for Fe 63% grade pellet is at around INR 6,100-6,400/MT (ex-plant, GST extra).

NMDC pellet plant overview - NMDC Ltd is operating a 1.2 MnT pa capacity pellet plant located at Donimalai, Karnataka.