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APPROVAL NOTE

Ref: IOC/JNPT

Date- 28.07.2015

Sub: Haulage contract for O&M work at IOC JNPT


Background:
IOT is operating & maintaining the IOC JNPT terminal from the
inception of the terminal from 2000. Presently the haulage works were
carried out by M/s V. B. Engineering
Description:
The Haulage workers of M/s. V. B. Engineering had demanded for rise in
their salary, since there is no revision from Dec-2013 (Annexure -I)
After discussions, held on 11.07.2015, it was agreed to increase the
wages of the haulage workers by `1,000/- per month for the period of 6
months from 1st Jul 2015 to 31st Dec 2015.
There were several rounds of negotiations with the workmen through
Haulage contractor which was finally concluded with `1,000 per
workmen per month with proportionate change in OT rates without any
increase in service charges of the contractor. (Offer of the Contractor is
enclosed as Annexure -II)
New rates will be effective from 01/07/15.
Financial Implication:
Particular
Old Rate
New Rate
Dif
Fixed Component (6 Month)
`1,61.000/`1,73,000/`12,000/Variable component (OT) (Avg. of
`77,658/`85,500/- **
`7,842/6 Month)
**(Avg. of last 6 months variable component attached Annexure -III)

Particular
Fixed Component (6 Month)
Variable component (OT) (6
Month)

Per
Month
`12,000/`85,500/-

Total
`72,000/`5,13,000/-

APPROVAL NOTE
Ref: IOC/JNPT

Date- 28.07.2015

Sub: Haulage contract for O&M work at IOC JNPT

Budget:
The above expenses are budgeted under IOC JNPT R & M budget for
financial year 2015-2016 as detail given below:
Budgeted Amount for FY 2015-16
Less: Incurred from Apr15 to June15
Less: This Note from July15 to Dec15
Balance

`31,26,000.00
`08,75,281.00
`17,10,000.00
---------------------`5,40,716.00
----------------------

Approval:
Request to accord administrative and expenditure approval to execute
the agreement with M/s V.B. Engineering at a cost of `2,58,500/- per
month for the period of 6 months from 1st July 2015 to 31 st Dec 2015.
With total financial implication is `15,51,000/- (Excluding taxes).

Sh. Pradeep Dhawad

Sh. Sagar Deshmukh

Capt. Eshwar Visweswaran

Vaibhav Gharat