DETAILED INVITATION FOR BID
LARA SUPER THERMAL
POWER PROJECT
(800 MW)
e) SPV based Roof-top and ground mounted solar power projects, which are grid
connected, shall be considered as Bidder”s experience for meeting the Qualifying
Requirements.
f) Regarding reference work through which bidder is seeking qualification, Bidder to
compulsorily include with their bid a statement informing the scheduled date and actual
date of completion of reference work.
6.2.0 Financial Criteria for Qualification:
6.2.1 The average annual turnover of the Bidder, in the preceding three (3) financial years as on the date
of Techno Commercial bid opening, shall not be less than Rs. 494 Lakhs (Rupees Four hundred ninety four
Lakhs only).
6.2.2 Net Worth of Bidder shall not be less than 100% of the bidder’s paid-up share capital as on the last
day of the preceding financial year. In case the bidder meets the requirement of Net Worth based on the
strength of its Subsidiary(ies) and/or Holding Company and/or subsidiaries of its Holding companies
wherever applicable, the Net worth of the bidder and its Subsidiary(ies) and/or Holding Company and/or
Subsidiary(ies) of the Holding Company, in combined manner should not be less than 100% of their total
paid up share capital. However individually, their Net worth should not be less than 75% of their respective
paid up share capitals. For Consortiums/Joint Ventures, wherever applicable, the net worth of all
Consortium/Joint Venture members in combined manner should not be less than 100% of their paid up
share capital. However individually, their net worth should not be less than 75% of their respective paid up
share capitals.
Net worth in combined manner shall be calculated as follows:
Net worth (Combined) = (x1+x2+x3)/(y1+y2+y3) X100 where x1, x2, x3 are individual net
worth which shall not be less than 75% of the respective paid up share capitals and y1,
y2, y3 are individual paid up share capitals.
6.2.3 In case the Bidder is not able to furnish its audited financial statements on
standalone entity basis, the unaudited unconsolidated financial statements of the
Bidder can be considered acceptable provided the Bidder further furnishes the
following documents for substantiation of its qualification:
Copies of the unaudited unconsolidated financial statements of the bidder along
with the copies of the audited consolidated financial statements of the holding
company.
A certificate from the CEO/CFO of the Holding Company as per the format
enclosed in the bid documents stating that the unaudited unconsolidated
financial statements form part of the consolidated annual report of the company.
6.2.4 In case where audited results for the last financial year as on the date of Techno
Commercial Bid opening are not available ,the financial results certified by a practicing
Charted Accountant shall be considered acceptable.In case Bidder is not able to submit
the Certificate from practicing Chartered Accountant certifying its financial paraneters,the
audited results of three consecutive financial years preceding the last financial year shall
be considered for evaluating the financial parameters.Further a certificate would be
required from the CEO/CFO as per the format enclosed in the bidding documents stating