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GEM

Bids are Invited For CIRCULAR MAGNET, SCRAP CRANE in VISAKHAPATNAM, ANDHRA PRADESH

Bid Publish Date

19-Dec-2024, 5:16 pm

Bid End Date

25-Jan-2025, 11:00 am

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Progress

RA
Issue19-Dec-2024, 5:16 pm
Reverse AuctionCompleted
Award09-Sep-2025, 12:08 am
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Quantity

1

Categories 2

Public procurement opportunity for Rashtriya Ispat Nigam Limited CIRCULAR MAGNET, SCRAP CRANE in VISAKHAPATNAM, ANDHRA PRADESH. Quantity: 1 issued by. Submission Deadline: 25-01-2025 11: 00: 00. View full details and respond.

Additional Tender Data

Commercial Details

Tender Category

Goods

Bid To RA

No

Bid To RA Enabled

Yes

Item Category

CIRCULAR MAGNET, SCRAP CRANE

Authority Records

MINISTRY OF STEEL
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Documents 3

GeM-Bidding-7275006.pdf

Main Document

Download

Referenced Document

attached categories, trials are allowed as per approved procurement policy of the buyer nodal Ministries)

Referenced Document

Past Similar Tenders (Historical Results)

5 found

LIFTING MAGNET, CIRCULAR, 1600MM DIA FOR SCRAP YARD CRANE

Rourkela Steel Plant

SUNDERGARH, ODISHA

Posted: 14 October 2025
Closed: 27 October 2025
GEM

Rare Earth Magnet Scrap

Office Of Dg ( Ns & M)

HYDERABAD, TELANGANA

Posted: 28 August 2025
Closed: 25 September 2025
GEM

MAGNET, LIFTING CIRCULAR, 900-1000MM

Rourkela Steel Plant

SUNDERGARH, ODISHA

Posted: 3 June 2025
Closed: 14 June 2025
GEM

MAGNET, LIFTING CIRCULAR, 900-1000MM

Rourkela Steel Plant

SUNDERGARH, ODISHA

Posted: 12 July 2025
Closed: 28 July 2025
GEM

Rourkela Steel Plant Modified Magnet Chain F/Crane Tender Sundargarh Odisha 2025

Rourkela Steel Plant

SUNDERGARH, ODISHA

Posted: 29 December 2025
Closed: 9 January 2026
GEM

Corrigendum Updates

1 Update
#1

Update

16-Jan-2025

Extended Deadline

25-Jan-2025, 11:00 am

Opening Date

25-Jan-2025, 11:30 am

Reverse Auction Schedule

Completed

Start

20-Aug-2025, 5:00 pm

End

21-Aug-2025, 5:00 pm

Duration: 24 hours

Reverse Auction Document

✅ RA concluded. Check financial results for final rankings.

Technical Results

S.No Seller Item Date Status
1
DCS TECHNO SERVICES PRIVATE LIMITED   Under PMA
Make : Dynaset Model : Circular Magnet 2108970 Title : CIRCULAR MAGNET, SCRAP CRANE24-01-2025 17:07:07
2
EAST COAST MAGNETS PRIVATE LIMITED   Under PMA
Make : RUDRA Model : CIRCULAR MAGNET, SCRAP CRANE Title : CIRCULAR MAGNET, SCRAP CRANE09-01-2025 12:22:06
3
ELECTRO FLUX EQUIPMENTS PRIVATE LIMITED   Under PMA
Make : ELECTRO FLUX Model : EL CLEM 1650 Title : CIRCULAR MAGNET, SCRAP CRANE09-01-2025 16:31:43
4
HELIX SUE MAGNETS   Under PMA
Make : Helix Sue Magnet Model : HSM Title : CIRCULAR MAGNET, SCRAP CRANE09-01-2025 13:35:30
5
KAKKU E AND P CONTROL PVT LTD   Under PMA
Make : KAKKU Model : KAKKU MAKE CIRCULAR MAGNET TYPE KCM-26C, DIA. 1650 Title : CIRCULAR MAGNET, SCRAP CRANE31-12-2024 15:54:54
6
M/S. RASHMI SALES   Under PMA
Make : ELECTRO MAGTECH Model : EMT-2025/EM3 Title : CIRCULAR MAGNET, SCRAP CRANE06-01-2025 08:00:00
7
STAR TRACE SOLUTIONS PRIVATE LIMITED   Under PMA
Make : STAR TRACE Model : STR-205X Title : CIRCULAR MAGNET, SCRAP CRANE09-01-2025 15:31:20

Reverse Auction Results Final Prices

These are the final prices after the reverse auction event. Prices may be lower than initial bids.

Rank Seller Final Price Item
L1HELIX SUE MAGNETS(MSE,MII)   Under PMA Winner ₹28,94,200Item Categories : CIRCULAR MAGNET, SCRAP CRANE
L2ELECTRO FLUX EQUIPMENTS PRIVATE LIMITED (MSE,MII)   Under PMA₹29,00,000Item Categories : CIRCULAR MAGNET, SCRAP CRANE
L3EAST COAST MAGNETS PRIVATE LIMITED (MSE,MII)   Under PMA₹29,47,050Item Categories : CIRCULAR MAGNET, SCRAP CRANE
L4KAKKU E AND P CONTROL PVT LTD (MII)   Under PMA₹48,67,121Item Categories : CIRCULAR MAGNET, SCRAP CRANE

🎉 L1 Winner

HELIX SUE MAGNETS(MSE,MII)   Under PMA

Final Price: ₹28,94,200

Contract / Result Documents 1

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Frequently Asked Questions

Key insights about ANDHRA PRADESH tender market

FAQs

Details are provided in the tender document.

What are the eligibility criteria for the Circular Magnet tender?

Details are provided in the tender document.

To participate in the Circular Magnet tender, bidders must be valid and registered suppliers with Udyam status for MSEs. Only manufacturers of the product can submit bids, as traders are not eligible. Also, compliance with local content requirements as prescribed for Class-I and Class-II local suppliers is necessary.

Details are provided in the tender document.

What documents are required for submission?

Details are provided in the tender document.

Documents required for submission include a signed and stamped bid document, Udyam Registration certificate for MSE claims, technical specifications compliance, and a self-declaration of local content in compliance with the Make in India policy.

Details are provided in the tender document.

Are there any technical requirements specified for the circular magnets?

Details are provided in the tender document.

Yes, bidders must adhere to the technical specifications outlined in the provided technical document. This includes compliance with relevant quality standards and passing inspection procedures at the delivery location.

Details are provided in the tender document.

What are the financial requirements for bidding?

Details are provided in the tender document.

For this tender, no Earnest Money Deposit (EMD) or Performance Security is required. Payment will be 100% against acceptance of goods, and all invoicing must comply with the specified terms.

Details are provided in the tender document.

How will bids be evaluated for the Circular Magnet tender?

Details are provided in the tender document.

The evaluation process employs a Total Value wise evaluation method, reviewing both technical compliance and financial offerings. Reverse auctions may be utilized during the selection process to maximize value.

Details are provided in the tender document.

What are the critical dates for the bid submission?

Details are provided in the tender document.

The bidding window opens on 19-12-2024 and concludes on 09-01-2025 at 17:00. The bid opening is scheduled for the same day at 17:30.

Details are provided in the tender document.

What are the consequences for late delivery of the Circular Magnets?

Details are provided in the tender document.

If delivery is delayed, liquidated damages may be imposed as per GeM GTC, up to a maximum of 10% of the total contract value, excluding taxes. Timely submission of materials is critical for avoiding penalties.

Details are provided in the tender document.

Can MSEs benefit from this tender?

Details are provided in the tender document.

Yes, eligible micro and small enterprises can benefit from preferential treatment during the bidding process, provided they are registered and comply with relevant documentation.

Details are provided in the tender document.

Where should the magnets be delivered?

Details are provided in the tender document.

Delivery should be made to the Visakhapatnam Steel Plant located at Central Stores Building, Visakhapatnam-530031, Andhra Pradesh, following the terms established in the tender.

Details are provided in the tender document.

How does the "Make in India" initiative affect this tender?

Details are provided in the tender document.

Participating suppliers claiming MII preference must comply with local content criteria and ensure their prices are within the specified range to qualify for benefits under the MII initiative.

Details are provided in the tender document.

Is inspection required for the materials delivered?

Details are provided in the tender document.

No inspection is required for this tender as per the current tender conditions, but adherence to quality standards remains critical for acceptance. Any discrepancies may result in penalties.

Details are provided in the tender document.

What happens if the bidder fails to deliver?

Details are provided in the tender document.

In cases of non-compliance or failure to deliver, the buyer reserves the right to cancel the order entirely or partially, and they may pursue risk purchase actions at the seller's expense.

Details are provided in the tender document.

How will payment be processed once goods are delivered?

Details are provided in the tender document.

100% payment will be released through NEFT/RTGS upon acceptance of the goods, with specific timelines for local versus non-local MSEs outlined in the tender conditions. Follow-up documentation will be necessary for payment processing.

Details are provided in the tender document.

What happens to bids from blocked suppliers?

Details are provided in the tender document.

Bids submitted by suppliers currently under hold in material subgroup 24001 or blocked centrally will be automatically rejected from the evaluation process.

Details are provided in the tender document.

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