Indian Charge Chrome LTD Vs Tata Iron and Steel CW950230COM517436
Indian Charge Chrome LTD Vs Tata Iron and Steel CW950230COM517436
Indian Charge Chrome LTD Vs Tata Iron and Steel CW950230COM517436
"ICCL shall charge a lump sum conversion fee of Rs 10,160/- (Rupees ten
thousand one hundred sixty only) per dry tonne of high carbon ferro chrome
with minimum chromium content of 62% delivered to TISCO conforming to
the specifications as mentioned in para (d) and (h).
For any tonnage of high carbon ferro chrome between 60-62% chromium
content, TISCO will pay conversion fee to ICCL on prorata reduction basis.
However, TISCO shall not accept high carbon ferro chrome with chromium
below 60%.
The said conversion fee will be revised from time to time to compensate ICCL
on account of any escalation in the cost of electrode carbon paste, power,
wages and certain other specified consumables as mentioned in Annexure-A
of the original MOA dated 1.3.92. The power required to manufacture 1 MT of
high carbon ferro chrome with + 64% chromium including the power
consumed for pollution control equipment is considered to be 4,300 KWH as
against 4,150 KWH for high carbon ferro chrome with 62% chromium.
Therefore, for the purpose of escalation on account of power, the
consumption norm of power will be 4,150 KWH and not 4,300 KWH as
mentioned in Annexure-A of the original MOA.
It is further agreed by and between TISCO and ICCL as follows:
1. all other terms and conditions of the agreement dated 1.3.92 shall remain
unchanged and unaltered except to the extent of the amendments mentioned
hereinabove."
1 0 . A copy of the said amendment agreement dated January 30, 1993 has been
annexed hereto and marked with the letter 'B'.
11. In pursuance of the aforesaid Agreement the respondent began to supply Chrome
Ore and Coke to petitioner. The petitioner in turn manufactured charge Chrome and