Without Prejudice

Base price is set as Rs. 1,95,00,000/- Per Lot (Rupees One Crore Ninety Five Lakhs Only) Excluding GST 

Type of loss: Transit Damage

eTender newspaper advertisement is published in following newspaper editions:

• Times Of India (English)               :  Edition Madhya Pradesh (Covers Madhya Pradesh), dated : 18-March 2026
• Swadesh (Hindi)                               :  Edition Gwalior (Covers Gwalior), dated : 18-March 2026

Disclaimer: Buyers please double check before typing amount that you do not insert an additional zero “0” or any extra digit to your bid before submitting that may result in you losing your chance of participation and forfeiting of EMD.

Photographs displayed are for illustration purpose only. Current condition of material(s) may or may not be as displayed, buyers are expected to verify same during physical inspection.

Note: This is an online eTender. Buyers would be able to bid multiple times  (i.e. from 04:00 PM to 05:00 PM) on 25-March-2026, only after submitting below 2 Demand Drafts. (Please mention your ProSal username, registered email id & mobile number on the back of both DD's):

1.)  eTender participating non-refundable DD in name of "Prosal Auctions Pvt. Ltd.", payable at "Gurgaon" for Rs. 5,000/- (Rupees Five Thousand Only) + GST

2.) EMD DD in name of 'M/S CG Power And Industrial Solutions Ltd." , payable at "Chennai​" for Rs. 19,50,000/- (Rupees Nineteen Lakh Fifty Thousand Only). EMD of all unsuccessful bidders will be returned latest within 07 working days of bid/quote approval from competent authority by "Registered AD - Post" OR by "Courier" as per market availability during pandemic. ProSal does NOT take responsibility of tracking same. No interest is payable on the EMD. 

The EMD is for all the listings as mentioned in the Terms and Conditions.

Both DD's should reach us by courier or in person latest by 24-March-2026 before 06:00 pm to our office at 718, 7th Floor, JMD Megapolis, Sector-48, Sohna Road, Gurugram - 122018. Ph. (124) 2678600 in sealed envelope. Only upon receiving both DD together with eTender participation form and documents mentioned therein, Buyers would be able to place their bids after login in ProSal (without transportation charges, labour charges, GST, etc).

OR

Interested buyers can also deposit EMD:

NEFT/IMPS in below given account

PROSAL AUCTIONS PVT LTD

Bank Name: - HDFC Bank Ltd

Branch – Sohna Road, Gurgaon

A/c No: - 50200094033644

IFSC CODE: - HDFC0003648

Tentative affected material details (approx):

75 MVA Transformer. 

Address where materials can be inspected:

M/S CG Power And Industrial Solutions Ltd.

Industrial Area, Dist.-Bhind, Malanpur - 477116,

Madhya Pradesh (Near Gwalior M.P.)

Applicable Goods & Service Tax (GST), as informed to ProSal:

18% GST  is applicable on available materials for salvage. Kindly confirm GST rates/HSN Codes applicable on available materials during physical inspection & before bidding. No queries whatsoever shall be entertained after bids are placed, including but not limited to, forfeiting of EMD.

Terms & Conditions/eTender participation form is available as PDF under attachment section below. Buyers are required to download, print & submit participation form along with DD and photocopies of documents.

Buyers are advised to contact person mentioned above before inspection. Kindly note mere placing bid does NOT entitle you to claim the material(s). Your bid acceptance/rejection is subject to approval from competent authority.

Kindly place bid only AFTER inspecting the materials - offer given by you will be presumed that you have inspected the material.