KARACHI, June 26: The Trading Corporation of Pakistan (TCP) on Tuesday has awarded contract for import of 100,000 tons of urea to the lowest bidder, M/s Transmmonia A G Switzerland, which quoted price at Rs411.77 per ton.

The TCP tender for import of urea was floated on June 21, 2012 and in all 15 bidders participated and quoted price, ranging from $411.77 to $488 per ton (c&f).

Official sources said that all the bids were found responsive in terms of prescribed evaluation criteria, but M/s Transammonia A G Switzerland offered the lowest price of $411.77 per ton c&f for a quantity of 100,000 tons.

The corporation is importing urea in pursuance of the ECC directives to meet the supply and demand gap of the urea fertilizer during Kharif season.

With the award of this tender, the total quantity imported by the TCP would come to 200,000 tons as against the total target of 300,000 tons, says a press release.