Factory 30 Acre for Sale in Kalibadi, Korba

Listing ID #425957

Online Auction of Decommissioned Plant of Bharat Aluminum Company Limited (BALCO) at Korba, Chattisgarh

Seller: Bharat Aluminum Company Limited (BALCO)

Date & Time: 17.12.14 - Online forward auction will commence at 12:30 PM

Inspection Date & Time: 29.11.14 to 13.12.14 (Monday to Saturday only) with prior appointment with concerned person from mjunction services limited at least 2 days before date of visit. Inspection timings 9 am to 12 pm & 2 pm to 4.30 pm

Location of material: Bharat Aluminium Company Limited
P.O. : Balco Nagar
Korba
Chhattisgarh

Pre Bid Security: Non-Interest bearing pre bid security deposit of Rs. 3,00,000,00 (Rupees Three Crore Only) in the form of RTGS to MJUNCTION SERVICES LIMITED ( No other mode of payment allowed for Pre Bid Security )

Buyer Fee: 1. 0.5% of the Total Sales Value (excluding taxes & duties) will be charged by mjunction services limited.
2. This is over & above the 100% payment to be made to BALCO.
3. This is only applicable to the H1 buyer on price approval.

Caution Money:
1. Rs. 30 lakh to be deposited to MJUNCTION SERVICES LIMITED by RTGS in the Account mentioned above. This is over & above the Pre Bid Security Deposit.
2. This is to be submitted along with Pre Bid Security Deposit.
3. The Caution Money will be adjusted against Buyer Fee.
4. In case the Buyer Fee exceeds the Caution Money amount, the buyer needs to deposit the additional amount to mjunction. This is to be paid to MJ at the same time that the final instalment is deposited to BALCO. Likewise if the Buyer Fee is less than Caution Money, the balance amount will be refunded to the Buyer by MJ after the successful completion of contract (full lifting is completed).