b. EV DC Charger means Electric Vehicle Direct Current Charger
c. Charge Point Provider (CPP) means an entity who has supplied, erected and
commissioned Off-board Electric Vehicle (EV) DC Charger(s).
d. In case the award for the reference works has been received by the Bidder either directly
from owner of charging facility or any other intermediary organization, a certificate from
such owner of charging facility or the intermediary organization shall be required to be
furnished by the Bidder along with its techno-commercial bid in support of its claim of
meeting requirement stipulated above.
e. In case of developer as bidder in clause 1.3 the documentary evidence (certified by
Chartered Accountant) for value of executed reference work must be submitted by the
bidder.
f. Developer means an entity who has either executed or got executed the work/ project as
owner of industrial projects.
g. The execution of Electrical Sub-Station as EPC Contractor under Clause No. 1.3 means,
such EPC Contractor is responsible for all the activities i.e. Design/Engineering,
Procurement, Construction and Commissioning of the Electrical Sub-Station.
2.0 FINANCIAL CRITERIA
2.1 The average annual turnover of the Bidder, should not be less than INR 222 Million (Indian
Rupees Two Hundred Twenty-Two Million Only) during the preceding three (3) completed
financial years as on date of techno-commercial bid opening.
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.
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. However
individually, their Net worth should not be less than 75% (seventy-five percent) of their
respective paid up share capitals.
Net worth in combined manner shall be calculated as follows: