Get tender documents at just ₹200 per tenderKnow More
Search made simple for latest tendersNo hidden charges. No keyword restrictionsExplore Our Plansor Pay Per Tender

Special Terms & Conditions Buyer has to make the E_AUCTION payment as per the following: a. Balance payment as per sale order in f/o Indira Sagar Power Station, NHDC , Bank Details of Indira Sagar Power Station NHDC Ltd. Bank Name :STATE BANK OF INDIA Branch :NARMADA NAGAR A/c No : 63003480564 IFS Code :SBIN0008522 b. EMD & Service charge payment into MSTC A/c. by using e-payemnt gateway of MSTC. Balance payment of NHDC received into MSTC A/c will be refunded back to buyer. ALL CONTRACTS/TRANSACTIONS ENTERED INTO BY THE BUYER/BIDDER ARISING OUT OF THIS E-AUCTION SHALL BE GOVERNED BY THE INTEGRITY PACT AVAILABLE ON OUR WEBSITE - MSTC has come up with a unique business model to aid and augment financing needs of its bidders by leveraging the bidders surplus Bank Guarantee limit. Under this scheme MSTC will be making the payment to the seller on behalf of the bidder by opening LC/RTGS which will be backed by bidders 110% BG issued by any scheduled commercial Bank (for Rs. 50.00 Lakh and above per Lot). Complete details of the policy and contact officers are available at www. and or Contact Person at MSTC: Mr. Mayank Kumar, Assistant Manager Phone No. : 0755-2552241 Email id : & DD/POs of Cooperative Bank shall not be accepted and will be returned without any action being taken on them. MSTC Ltd. Shall hereinafter be referred to as MSTC and NHDC LTD. as owner/ seller. 1.0 All the offer shall be valid for a period of 90 days from the date of closing of e-auction. 2.0 The materials offered for sale must be inspected prior to due date of e-auction. For inspection & other related matters, bidders may contact : Shri Ajaz Nasir, Senior Manager.(Store),, Indira Sagar Power Station, NHDC Limited. 3.0 Material list & STC displayed under "view forthcoming auctions" on MSTC's e-auction website are tentative and subject to change at the sole discretion of MSTC/Principal before the start of e-auction. Bidders should, therefore, download the material list and STC displayed only under "view live auctions" for their record purpose, if required, and bid accordingly. 4.0 The bidders shall submit Earnest Money Deposit through ePayment within 7 days from date of e-auction for accepted lots. The EMD shall be @10% of the net sale Value quoted (excluding taxes &duties) for Lots sold on 'Accepted' and upon approval for 'STA'. Upon issue of the sale order the EMD shall automatically be converted into Security Deposit. The Security Deposit as specified in Sale Order shall be adjusted only at the time of final payment. It should be noted that failure to submit post bid EMD / SD within above stipulated time will result in automatic deactivation of buyer's login from MSTC System for a minimum period of six (06) months. Thus the bidders shall be debarred from participation in any auction being conducted by MSTC for a minimum period of six (6) months. Buyers login may however be activated only if full payment (Material Value + Applicable Taxes & Duties) is received within 22 days from the date of closing of e-auction Note : After EMD, the balance payment is to be paid directly to the seller's bank account. Bank Details of Indira Sagar Power Station NHDC Ltd. Bank Name :STATE BANK OF INDIA Branch :NARMADA NAGAR A/c No : 63003480564 IFS Code :SBIN0008522 5.0 E-auction lot Status/Result: The status of the highest bids having been accepted on Confirmed or STA basis must be personally seen by the Bidders online through the link "Auction Lot Status" immediately after closing of e-Auction which will be displayed up to 7 (Seven) days from the date of Closing of e-Auction (excluding the date of closing of e-Auction) and payment of Post-Bid EMD/SD must be made accordingly. Although immediately after closing of e-Auction, a system generated automatic Sale Intimation Letter will be issued by e-mail to the Highest Bidder for accep

Disclaimer: BidAssist has made every reasonable effort to ensure that the information is accurate and authentic however it cannot be held liable for any third-party claims or losses of any damages. BidAssist makes no warranty, expressed or implied, as to the results obtained from the use of the information. If you think you may have noticed any error or omission, please let us know by contacting