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Indian Oil Corporation Limited Borate Ester Procurement IOC Lube Plants 2025 MTG-100 Borate / TEGMME – Tender

Bid Publish Date

16-Nov-2025, 7:52 pm

Bid End Date

28-Nov-2025, 8:00 pm

Location

RAIGAD , MAHARASHTRA

Progress

Issue16-Nov-2025, 7:52 pm
Technical26-11-2025 15:28:22
Financial
Award27-Dec-2025, 4:28 am
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Quantity

605

Bid Type

Two Packet Bid

Categories 1

BORATE

Tender Overview

Indian Oil Corporation Limited invites bids for the procurement of Borate Ester products identified as ST65568 (MTG-100 Borate) or ST65564 (Borated Ester of TEGMME). The contract targets delivery in barrels across All India Lube Plants. This is a Limited Tender with eligibility restricted to internally approved vendors. A Bid Security Declaration in lieu of EMD is mandatory, and a Performance Bank Guarantee of 5% of contract value or Rs 3,00,000 (whichever is lower) applies. The successful bidder must honor same rate/terms for any IOCL Lube Plant call-off. The ATC governs delivery schedule and acceptance.

Technical Specifications & Requirements

  • Product names: ST65568 MTG-100 Borate Ester; ST65564 Borated Ester of TEGMME
  • Delivery format: delivered basis in barrels for All India Lube Plants
  • Tender type: Limited Tender with internal approval required; unsolicited offers rejected
  • ATC/format: Bidder must accept product specification and delivery schedule as per ATC; BG format per ATC
  • Contract scope: Across all IndianOil Lube Plants; rate/terms may be invoked for call-offs
  • EMD alternative: Mandatory Bid Security Declaration in lieu of EMD; penalties or rejection for non-submission
  • PBG: 5% of contract value or Rs 3,00,000 (whichever lower)
  • Documentation: Formats and required documents as per Part B ATC; submission aligns with IOC MD approvals.

Terms & Eligibility

  • Delivery basis: Delivered in barrels to All India Lube Plants; one rate/terms applies to all IOCL Lube Plants
  • Eligibility: Only bidders approved by IndianOil (MD) for this goods tender; internally notified for participation
  • Payment/coverage: Payment terms aligned with ATC; PBG as specified; compliance with delivery schedule from ATC
  • Documentation: Bid Security Declaration; OEM authorizations if required; IT/ GST compliance per ATC
  • Option clause: Quantity adjustments up to 25% at contract rates; additional time calculation as per clause
  • Contractual risk: Unsolicited offers rejected; adherence to AO/ATC formats is mandatory
  • Delivery timeline: As per delivery schedule in ATC; extended time rules apply if option clause exercised

Key Specifications

  • Product: ST65568 MTG-100 Borate Ester or ST65564 Borated Ester of TEGMME

  • Delivery format: delivered basis in barrels to All India Lube Plants

  • Tender type: Limited Tender with IOC MD approved bidders only

  • EMD substitute: Bid Security Declaration required

  • Performance security: 5% of contract value or Rs 3,00,000, whichever is lower

  • ATC adherence: Acceptance of product specs and delivery schedule per ATC

  • BG: Format as per ATC; payment terms aligned with IOC procurement

Terms & Conditions

  • Bid Security Declaration in lieu of EMD mandatory for all bidders

  • Limited Tender restricted to internally approved IndianOil bidders

  • Performance Bank Guarantee capped at 5% or Rs 3,00,000

  • Delivery in barrels across All India Lube Plants with single rate/terms

  • 25% quantity variation rights during contract with extended delivery period

Important Clauses

Payment Terms

Payment terms aligned to ATC; BG format provided; no EMD unless Bid Security Declaration is submitted

Delivery Schedule

Delivery to commence as per last date of original delivery order; option quantity adjustments may extend timelines using a defined formula

Penalties/Liquidated Damages

PBG and delivery schedule compliance will be enforced; non-compliance may trigger penalties as per ATC

Bidder Eligibility

  • Bidders must be internally approved by IndianOil (MD) for participation

  • Only offers from approved bidders will be considered

  • Unsolicited bids are rejected; eligibility to participate must be verified via IOC notification

Documents 4

GeM-Bidding-8552163.pdf

Main Document

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

Additional Doc 1 (Requested in ATC)

2

Additional Doc 2 (Requested in ATC)

3

Additional Doc 3 (Requested in ATC)

4

Additional Doc 4 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

5

the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer

Technical Results

S.No Seller Item Date Status
1CLARIANT IGL SPECIALTY CHEMICALS PRIVATELIMITED   Under PMAMake : NA Model : MTG 100-BORATE Title : Procurement of ST65568, Borate Ester (MTG-100 Borate) or ST65564, Borated Ester of TEGMME26-11-2025 15:28:22Qualified
2SWASTIK OIL PRODUCTS MANUFACTURING NAVSARI PRIVATE LIMITED   Under PMAMake : SWAST--SWASTIK OIL PRODUCTS MANUFACTURING NAVSARI PRIVATE LIMITED Model : SWAST-BET Title : Procurement of ST65568, Borate Ester (MTG-100 Borate) or ST65564, Borated Ester of TEGMME28-11-2025 17:22:08Qualified

Financial Results

Rank Seller Price Item
L1SWASTIK OIL PRODUCTS MANUFACTURING NAVSARI PRIVATE LIMITED(MSE,MII)( MSE Social Category:General )    Under PMA₹18,83,91,070Item Categories : Procurement of ST65568, Borate Ester (MTG-100 Borate) or ST65564, Borated Ester of TEGMME
L2CLARIANT IGL SPECIALTY CHEMICALS PRIVATELIMITED   Under PMA₹21,27,42,200Item Categories : Procurement of ST65568, Borate Ester (MTG-100 Borate) or ST65564, Borated Ester of TEGMME

Contract / Result Documents 2

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Frequently Asked Questions

Key insights about MAHARASHTRA tender market

How to participate in IOC borate ester tender in India 2025

Bidders must be pre-approved by IndianOil MD for this goods tender and submit a Bid Security Declaration in lieu of EMD. Ensure compliance with ATC formats, deliverable in barrels to All India Lube Plants, and provide any OEM authorizations if required. Final acceptance depends on IOC MD eligibility confirmation.

What documents are required for IOC borate ester bid submission in India

Prepare Bid Security Declaration, GST registration, PAN, experience certificates (if any), financial statements, OEM authorizations (if applicable), technical bid documents, and format-compliant BG/EMD documents as per ATC. Ensure IOC MD approved bidder status is verified before submission.

What are the technical specifications for ST65568 MTG-100 Borate Ester

Product names listed: ST65568 MTG-100 Borate Ester or ST65564 Borated Ester of TEGMME. Deliveries must be in barrels to All India Lube Plants; ATC governs acceptance criteria and delivery schedule. Specific composition or grade may be as per ATC; bid acceptance requires adherence to specified formats.

When is delivery expected for IOC borate ester procurement 2025

Delivery schedule begins from the last date of original delivery order as per ATC. If option quantity is exercised, additional time is calculated as (Increased quantity ÷ Original quantity) × Original delivery period, with a minimum of 30 days. Exact dates will be defined in the ATC and PO.

What is the EMD substitute and PBG for IOC tender 2025

This limited tender requires a Bid Security Declaration in lieu of EMD. A Performance Bank Guarantee is required at 5% of contract value or Rs 3,00,000, whichever is lower; BG must follow the ATC format and be returned per ATC terms after contract completion.

What are the eligibility criteria for IOC borate ester bid in India

Only IOC-approved bidders may participate; unsolicited bids are rejected. Ensure compliance with delivery in barrels, acceptance of ATC terms, and submission of required documents including GST, PAN, and OEM authorizations. Confirm vendor status with IndianOil MD prior to submission.