Indian Oil Corporation Limited ST60142 Viscosity Index Improver Tender 2026 India

Tender Overview

Indian Oil Corporation Limited seeks procurement of ST60142 viscosity index improver for All India Lube/Grease Plants with delivery on a delivered-basis in barrels. The contract scope includes supply to multiple IOC Lube/Grease locations across India, at rates/terms to be honored across all plants. The BOQ shows no fixed itemized quantities in the provided data, but bidders must account for transportation and GST in their quoted delivered price. A key differentiator is the requirement to align with ATC terms including performance guarantees and PBG mechanics. The engagement is governed by the purchaser’s option clause, enabling quantity fluctuations up to ±25% and potential extension of delivery timelines as per contract dynamics. This tender emphasizes a delivered-basis supply model and price alignment across all India plants, with a PBG mechanism linked to contract value.

Technical Specifications & Requirements

• Product: ST60142 viscosity index improver (base chemical grade to be confirmed in ATC documents)
• Delivery: Delivered basis in barrels to All India Lube/Grease Plants; price to include basic price, transportation, GST within quoted unit
• PBG: 5% of contract value or Rs. 3,00,000, whichever is lower; release as per ATC terms
• ATC references: Bidders must accept product specification and delivery schedule in ATC; refer to Part B for submission formats
• ATC includes: performance guarantee, OEM authorizations if applicable, and format-compliant bid documents
• Special clause: option to increase/decrease quantity up to 25% during contract, with extended delivery timelines

Terms, Conditions & Eligibility

• EMD/Performance Bond: PBG as above; ensure compliance with ATC

• Delivery timeline: flexible per option clause; initial schedule tied to last delivery order date

• Documentation: submit required formats as per ATC Part B; OEM authorizations if required

• Payment terms: price includes GST; delivery-based settlement per contract terms; no fixed advance mentioned

• Scope: All India Lube/Grease Plants coverage; IOC plant can place calls under same rate/terms

• Warranty/quality: conform to ATC standards; specific testing/QA criteria to be defined in ATC

  Keywords: viscosity index improver tender India, IOC Lube/Grease procurement, ST60142 specification, IS 550 compliant, All India Lube Plants delivery, PBG 5% or Rs 3 lakh, delivered in barrels, ATC terms, IOC procurement