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
6.2.4 In case the Bidder is not able to furnish its audited financial statements on stand-alone 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:
(i) Copies of the unaudited unconsolidated financial statements of the Bidder along with copies of
the audited consolidated financial statements of its Holding Company.
(ii) 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 Financial Statements of the Holding Company.
6.2.5 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 Techno-commercial bid, a Letter of
Undertaking from the Holding Company, supported by the Holding Company's 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. Other income shall not be considered for arriving at annual turnover.
ii. Net worth means the sum total of the paid up share capital and free reserves. Free reserves means
all reserves credited out of the profits and share premium account but doesn’t 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.
iii. The word "executed" means the bidder should have achieved the criterion specified in the QR, even
if the total contract is not completed/closed. In case of contracts under execution as on date of
techno commercial bid opening, the value of work executed till such date will be considered
provided the same is certified by the employer.
iv. Bidder meeting the criteria under 6.1.1 (b), but executed separate contracts for operation and
maintenance shall also be considered meeting the requirement.
7.0 NTPC reserves the right to reject any or all bids or cancel/withdraw the Invitation for Bids without
assigning any reason whatsoever and in such case no bidder / intending bidder shall have any claim
arising out of such action.
8.0 Prospective bidders from Uttar Pradesh (U.P) State, India are compulsorily required to provide TIN
number at the time of purchase of bidding documents from Office of NTPC.
9.0 A complete set of Bidding Documents may be downloaded by any interested Bidder upon login in e
tender website (http://eprocurentpc.nic.in/nicgep/app)