Tankage tender: Why bidders want to stay away – 25 May 2022

Last time around, Vijay Tanks was the L-2 bidder for a sum of a little over Rs 100 crore

But the bid was rejected as being much above the reserve price.

What has happened in the interim is that prices of steel have gone up, and the L-1 price quoted by Vijay Tanks will not hold now, and the price will be much higher.

From what we gathered from the industry, it does not look like this time around they will find a bidder at all