
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. 916 Lakhs (Indian Rupees Nine Crores
sixteen Lacs only)
The Net Worth of the bidder as on the last day of the preceding financial year should not be less than
100% of its 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 capital. For
Consortiums/Joint Ventures, wherever applicable, the Net worth of all consortiums/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.
In case the bidder is not able to furnish its audited financial statement on standalone entity basis, the
unaudited unconsolidated financial statements of the bidder can be considered acceptable provided the
bidder furnishes the following further documents on substantiation of its qualification.
a) Copies of unaudited unconsolidated financial statement of the bidder along with copies of
audited consolidated financial statements of the Holding Company.
b) A certificate from the CEO/CFO of the Holding Company, as per format enclosed in the bid
documents, stating that the unaudited unconsolidated financial statements form part of the
consolidated Annual Report of the Company.
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 Chartered Accountant shall
be considered acceptable. In case, Bidder is not able to submit the Certificate from a practicing
Chartered Accountant certifying its financial parameters, 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 that the financial results of the company are under audit as on the
date of Techno-Commercial bid opening and the certificate from the practicing Chartered
Accountant certifying the financial parameters is not available.
In case a bidder does not satisfy the financial criteria, stipulated at para 2.1 and/or para 2.2 above on its
own, the Holding Company would be required to meet the stipulated turnover requirements at para 2.1
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 bid, a Letter of Undertaking from the
Holding Company, supported by Board Resolution, as per the format enclosed in the bid documents,
pledging unconditional and irrevocable financial support for the execution of the Contract by the bidder
in case of award.
NOTES:
i) Net worth means the sum total of the paid up share capital and free reserves. Free reserve means all
reserves credited out of the profits and share premium account but does not include reserves
credited out of the revaluation of the assets, write back of depreciation provision and
amalgamation. Further any debit balance of Profit and Loss account and miscellaneous expenses to
the extent not adjusted or written off, if any, shall be reduced from reserves and surplus.
ii) Other income shall not be considered for arriving at annual turnover.
A Complete set of bidding Document may be downloaded by any interested Bidder directly
through NTPC eProcurement Portal, https://eprocurentpc.nic.in.
Tender documents are non-transferable. No bidder other than the original bidder in whose name the
tender documents are sold / downloaded can submit the offer.