MMTC invites bids for supply of urea

MMTC has invited bids for the supply of 2,500 tonnes of technical grade prilled urea for industrial use

Trading firm MMTC has invited bids for the supply of 2,500 tonnes of technical grade prilled urea for industrial use.

Bids will close on 7th April and a decision on awarding the tender will be taken on the same day, MMTC said on its website. The bids are to be submitted through electronic mode, it added.

The company said out of the total consignment, 2,200 tonnes of urea is to be discharged at Nava Sheva port near Mumbai, 200 tonnes at the Mundra port in Gujarat and 100 tonnes at the Inland Container Depot (ICD) in Tughlakabad.

The shipment period for the consignment is April-May 2011 and the origin of the urea is to be indicated by the bidder, it added.

Technical grade urea is used in the production of glue used extensively in the particle board industry. It is also used to produce coatings for metal, paper, textile and leather finishing. It also finds applications in the pharmaceutical, healthcare and cosmetic industries.

On Monday, MMTC ended 2.52% up at Rs958.35 on the Bombay Stock Exchange, while the benchmark Sensex gained 1.45% to 19,701.73.

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Bajaj Auto March sales up 12% to 3,07,738 units

Bajaj Auto has clocked a 12% jump in sales in March this year to 3,07,738 units from 2,74,277 units in the same month last year

The country's second largest two-wheeler maker Bajaj Auto (BAL) said it clocked a 12% jump in sales in March this year to 3,07,738 units from 2,74,277 units in the same month last year.

The company's exports went up 7% to 69,884 units in March this year from 65,134 units in March 2010, BAL said in a statement.

The company had sold 2,74,389 units of motor-cycles in March, as against 2,44,870 units in the same month last year. Its Pulsar and Discover brands contributed 71% to total sales.

BAL reported a rise of 14% in three-wheeler sales in March to 33,349 units from 29,345 units in the same month last year. The company has already scaled up its three-wheeler capacity to 45,000 per month, it said.

On Monday, BAL ended 0.13% down at Rs1,457.65 on the Bombay Stock Exchange, while the benchmark Sensex gained 1.45% to 19,701.73.

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Steel Strips wins export order from Austria-based firm

Steel Strips Wheels has won an export order worth about Rs2 crore from Austria-based KFZ, a part of the Alcar Group

Auto components manufacturer Steel Strips Wheels Ltd (SSWL) said it has won an export order worth €3,00,000 (about Rs2 crore) from Austria-based KFZ, a part of the Alcar Group.

According to the agreement, the company will supply 30,000 wheel rims to KFZ, Steel Strips said in a filing to the Bombay Stock Exchange (BSE). The company will begin supply of the wheels in 2011.

SSWL, which has been supplying wheel rims to the Austrian group since 2007, expects to increase the volume of business with Alcar group by the middle of this year. KFZ is one of SSWL's oldest customers in the European wheels market.

On Monday, SSWL ended 14.49% up at Rs316.05 on the BSE, while the benchmark Sensex gained 1.45% to 19,701.73.

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