CITCO Chandigarh Small Scale Industries Corporation


 

Sales Depot, 181/1-2, Indl. Area, Ph.I, Chandigarh.
Ph.91-0172-4644473/4644474 Fax 0172-4644475
e-mail ID msd@citcochandigarh.com

CITCO also functions as Small Scale Industries Corporations with distribution of iron and steel raw material to SSI/MSME units in and around Chandigarh. The major suppliers of iron and steel material to CITCO is by Navrattna Public Sector Undertakings – Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL).

Sales Depot has its own yearly policy for distribution of iron and steel material to SSI/MSME units
CITCO is ranked as the first SSI Corporation as major buyer of iron and steel material in the country.

 


Discount Policy

The rebate/discount mentioned here under will be admissible to the SSI units for lifting all kinds of Iron and steel material:

The rebate/discount mentioned here under will be admissible to the SSI units for lifting all kinds of Iron and steel material : Rebate (in Rs). per MTs
Upto 100 100/-
Upto 101-300 150/-
Upto 301 and above 200/-
The amount of rebate Rs100/- is allowed at the billing stage as it is applicable even on the lifting of one metric tone. The balance amount of rebate is allowed after one month as per our policy after receipt of the request from the SSI units.

Credit Facility

The SSI units are extended credit against Bank Guarantee for lifting of Iron and steel material. The rate of interest varies depending upon the number of days after which the payment is made. The details is as under:-

Number of Days

Rate of interest (Per Annum)

Upto 30 days

12%

Upto 45 days

14%


Sale of Iron and Steel

The Corporation is a major buyer of Iron and steel material in the country. It is amongst the first five state corporations in regard to supply of Iron and steel material. The Corporation makes sizeable profits from this activity. The details of Iron and steel material supplied during the last three years are as follows :

Year

Quantity (in mt.)

Value (Rs. in Lacs)

Profit (Rs. in Lacs)

2003-04

97,991.577

20,595.73

359.42

2004-05

1,33,313.712

36,306.63

411.23

2005-06

71435.518

18,641.54

154.56

During the year 2006-07, this Corporation stood first in lifting of Iron & Steel material amongst the SSI Corporations throughout India.