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501, Kakad tharnjers

132, Dr Annre Ie:,rrt
fuad, Vtbf*
$]yIOat 4A,-^;elg

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i> +97 22 i493

05i?

F:

t70S

itCta

+* 22

biti@ieema.org

4*'Wt?erna

trg

No": 160/pV(.:/ CLAR/O2

4th November 2014

To Members of (:eble division, Subscribers

of pVCirculars
All 5Bs Utilitifls 4nd other listed purchasing

Organieations

In required t[EMA pV circulars

dated
ca

LME Average prjce of Aluminum

vieie Cir. No. 135/pVC/CLAR/02

inc

1"' Augu:,rt 2013 with the background and

recommndation tcr use this price for price
variation
lcu{ations for fu,:ure contraf,ts

After one year of lrroviding LME Average Aluminium

prices as an arternative, we are sure you
woutd have

The salient points of

the same are

as under:

their Pnrchase Oriders with the

LME.

Aluminium.

s recornmenel ir'rcorporating ,,LMt Average Settlernent Price of Alurninium',

in alt future tenders.
werecommend following methodology to arrive
price variation for all the pending
at
contracts having r,lorpestic AL Drice i.e. ,, ECgrade Aluminium
rods (properzi rods) conforming to
specification
lS-54

84-1978'

Step ll.

the abeive calcqlated 'P'as'P0'and calculate final price variation

using ,,LME Average setuernent
Prlce of Alurninium'' for AL ancj all other prices
i.e considering prices of 1st september 2014 applicable
as
prices for date of trlrndering up to the
date of delivery using same IEEMA pv clause of cable (w.e.f.
1,1 Jan
Treat

20a7\.

t
Ca

The details of arr.iving final value of p as per above step

ll using IEEMA pVcajculator tool

page contains monthly pV circular of

and step

ble.

Those rvho have already incorporated use

use the above nretirod.

oi

LMEaverage Aluminium prices in

Page 1of 3

Nsw Delhi
Ri-',hyanD.f

A. i",dri
\.,?, Aa jL

3-<

t SJii*g. | \t s,. t: ical

tk(iltr qOtd
liCacl, t..i,a

?: + .c', 1,1 2-3a6 iF.'3.:i4

a 1 ql. i1 ?:t36 30L

the contract need not

:i:lt@i;,,: t:t::rF-

Sengabre
?1J\ Satss r-otq11t
:i, Raae Cosrse llo.rd
&aaea1crc 5OA U)
r".

+el g0 22:;tt i

1, ir.,orn

316i

+9i 8C 2Z7A Bi
F. bangat1t@',eti.t I(A

td;irn !iettr;cd j & elecUcrtiaE MaR\)t

alt I

t<,erkal6
5U:, a,3\wei C\n .i'.r,
:, tl*|._tt ra.;e
Krtkdta /Q)e01, lrrlid

P'

tgi 3j

6a1A

76ir

t: +cy.,33:?1) i3?6
L i.*irat;lqtar j.'n ,.:t<

t)t. t r. A,rr()(. 1.;:tiat)

tr+
F:+

,tieema.prg

wwBleeoE,0fg

Forstep Isubrnit'date of delivery' as 1o october

2014 whichwiil capture domesrrc
as per IEEMA Cable pV clause having lag

simifarly in step lt' sam tJatF i'e- 1'r oqtober

2014 month to be submltted as,date pf tendering,which
will capture LME AL
tt'fe includins Prmium for Ingor) or r" supte'ie,
ioro ., per TEEMA cabte pV ctause having tag of
!'#*Tt';ff,t^:tJ:r;#,
STEP I:

1.
2.
3.
4
5'
6

Login to IEEMA p\/ CFlculator

Go

I _ buy the eredit package

to',pV CALCUt."AllOR,' menu

Enter pric quoted (fo | _ value in Rs/kM

of Cabte supplied
Date of tenderlng - base date date of
tendering of the contract
/
Date of dellqery , 1,, October 201a (fixed)
select the formuri|,category and the appricabre
formura. crick on ,,carcurate pv-

Selecttheapplicableparametersiike"condition,crosssection,coresize,shappand
slect Aluminium (At] price as -Domestic'
s484-19781

7,
8'

Press

(EC

atnlaaring,,
grade Aluminium rods
{proper{i rods) conforming to specificaiion fs-

buttofi ,,ealt;ulate price Variation,,

You wlll get Flnal tr'alue P

{srur 4 Download the certified output and close th window.

STP II:

1.
2,
3
4,
5'
6
7

Go

to "pV CALCULT\TOR" menu

Enter price quote(|, (pn ) _

flnal value

p arrived from STEP

Date oftenderlng _ 1'r October 201a (fixed)

Date ol delivery- date of dispatch as per contract

/agrrement

Select the formula category and the applicable

formula. click on ,,Caffirlate pVr
Slect the applicatrle parameters like ,,condition,
cross section, core size, shap$ and armourrng,
selecr A'turninium {Al-} price as "LMf AL- ( LME Average
setflement price inclu{ing premiurn for Ingot}
Press button "Calcr.rlate price Variation"

You will get Flnal value P

{sTF tl}. Down}oad the certified output and ctose th+ window.
Final prlee of eable slpplied Final p (STEP il,
X no_ of kM
=

5ubmlt both the eertifirrd output along with circular no.160/PVC/CLARIO2

dated 4tq Novembcr ZoI4 andrelevant
monthly price variation circular; if required to settle pnce
varlation query.
For any further elarifical:ion
contact to Ms. Anuja l:orgaonkar (anuja korgaonkar@reerna.orgi
page 2 of 3
Nes Dethi
Rrshfar,uoi B:iiCtrg, Frrst tloor
85 A, P&rhkri*.r &6d
\ew Del.li 1i0i)t1, Jndia
F: +91 11 ?33f i013./:4
F *91 'li 2336 3Oif
f,, de$-:6;;ezi:a.c:g

8aflgelo4e

Kolkata

204 $vif5 Co'rpici

33, Race Colrse ftoad

5C3 A,

8algaloi" 56C00'!, tl}.]j,

+y.84222A $16'1*

2.

*91 80?220 i3!7

t. b wgalpry;ry',1 4 y217t a g
F:

lndiar Elecar;rel & Elecrrcnjcs

4,1arufe.tuft

11,

Oswatif,amber!

?, Chirtch lane

H.lkara nC001. lrdia

P +9\ 3161A7831
f: +91 33 221313:26

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