EMD Calculations For Road Participation For Consumers : -

EMD Value for Forward e-auction

10% of the Reserve Price of each Colliery Offered in the Auction or Rs 200/MT which ever is lower , multiplied by Total qty of that Colliery which the Bidder intends to Bid.

For Ex. :

Consider the lot below

The reserve price of the above lot is Rs 1608.00/mt

10% of Reserve Price = 10% of Rs1608 = Rs 160.80

Assume the Consumer Intends to Buy 1050 mt which is the Basic Min Qty to Bid

Therefore , Basic EMD which he needs to deposit is for participation in that Lot :

Rs (160.80 * 1050 ) = Rs 1,68,840

(Rs One Lakh Sixty Eight Thousand Eight Hundred & Forty only)

For Ex.:

Consider the lot below :

EMD is Rs 200/MT or 10 % which ever is lower

So, as the floor price is higher than Rs2000 so the EMD will Rs 200 per Mt .

So, the bidder needs to gve basis min. EMD of Rs 1050*200 ie Rs 2,10,000/-

EMD Calculations For Rail Participation For Consumers :-

For Ex.:

Consider the lot below

The reserve price of the above lot is Rs 728.00/mt

10% of Reserve Price = 10% of Rs728.00 = Rs 72.80 which in this case is the lower value

Assume the Consumer Intends to Buy 1 RAKE which is the Basic Min Qty to Bid

1 RAKE means 3800 MT ( FOR MCL RAIL )

Therefore , Basic EMD which he needs to deposit is for participation in that Lot :

Rs (72.80 * 3800 ) = Rs 2,76,640

(Rs Two Lakhs Seventy Six Thousand Six Hundred & Forty Only)

Consider the lot below

EMD is Rs 200/MT or 10 % which ever is lower

Here, in the above case as the R P is more than Rs2000 , so obviously EMD will br Rs200 only

The Bidder must buy Min 1 Rake ie 2650 Mt

So , basic EMD that he needs to deposit is : 2650 * 200 = Rs5,30,000