order should be of 10 MWp or above capacity, prior to the last date of submission of
Application for Enlistment.
OR
4.1.2 Route 2: The Bidder should be Group company/Holding Company/Subsidiary company of
the module manufacturer meeting the requirements of Clause 4.1.1 above. In such a case,
Bidder shall furnish an Undertaking jointly executed by the module manufacturer and the
Bidder along with its Application for Enlistment for complete performance of the contract (in
case of award) jointly or severally as per format enclosed in the Enlistment document, failing
which the Bidder’s Enlistment Application is liable to be rejected.
Notes:
a. The reference supply order of minimum capacity of 1MWp or above only shall be
considered for cumulative capacity determination in Clause 4.1.1 and Clause 4.1.2.
b. SPV based supply order for Roof-top solar power projects, which are grid connected, shall
also be considered eligible for QR purposes.
c. Bidder shall submit certificate of successful completion of supply order from the Owner.
d. In case the award for the reference works has been received by the Bidder either directly
from owner of Solar PV plant or any other intermediary organization, a certificate from such
owner of Solar PV plant or the intermediary organization shall be required to be furnished
by the Bidder along with its Application for Enlistment in support of its claim of meeting
requirement stipulated above.
4.2 FINANCIAL CRITERIA
4.2.1 The average annual turnover of the Bidder, should not be less than INR 1200 Million
(Indian Rupees Twelve Hundred Million only) during the preceding three (3) completed
financial years as on last date of submission of Application for Enlistment.
In case a Bidder does not satisfy the annual turnover criteria, stipulated above on its own,
its Holding Company would be required to meet the stipulated turnover requirements as
above, provided that the Net Worth of such Holding Company as on the last day of the
preceding financial year is at least equal to or more than the paid- up share capital of the
Holding Company. In such an event, the Bidder would be required to furnish along with its
Application for Enlistment, a Letter of Undertaking from the Holding Company, supported
by the Holding Company’s Board Resolution, as per the format enclosed in the Enlistment
documents, pledging unconditional and irrevocable financial support for the execution of
the Contract by the Bidder in case of award.
4.2.2 Net Worth of the Bidder as on the last day of the preceding financial year should not be less
than 100% (hundred percent) of Bidder’s paid-up share capital. In case the Bidder does not
satisfy the Net Worth criteria on its own, it can meet 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% (hundred percent) of their total paid up share capital.