According to TCP here Friday, 13 responsive bidders had participated in the international tender, floated on November 1, 2011, and quoted prices ranging from $ 540.75 to $ 578 PMT (C&F) in the bidding held on Thursday.

M/s. Dreymoor Fertilizers Overseas Pte. Ltd., offered the lowest price of $ 540.75 PMT C&F initially for 50,000 MT.

However, they agreed to increase the quantity upto 100,000 MT at the same price.]

As the offer conformed to all technical specifications and evaluation criteria given in the tender document, the bidder was awarded contract for import of 100,000 MT urea.

Three more bidders M/s. Keytrade AG Switzerland, M/s. Transmonia, Switzerland and M/s. Incitec Pvt Ltd., Australia who had quoted higher rates also agreed to match the lowest price of $ 540.75 PMT C&F for supply of 150,000 MT, 100,000 MT, and 90,000 MT respectively. Hence, the contracts for the agreed quantities were awarded to them, as well.A representative of M/s. Transparency International Pvt. Ltd. (TIP) also attended the tender award meeting.

With the above purchases, TCP has achieved the target of import of 700,000 MT urea, for the Rabi 2011-12, assigned by the government.

As per tender terms and conditions, shipments of imported urea of this tender would start within one week after opening of L/C. TCP expects completion of the shipments against the tender awarded on 10-11-2011 by mid December, 2011.