stipulated above. Certificate from owner of the plant shall also be furnished by the Bidder
for successful operation of the reference plant.
f. In case of developer as bidder in clause 1.2 or 1.3, the documentary evidence (certified by
Chartered Accountant) for value of executed reference work must be submitted by the
Bidder.
g. Developer means an entity who has either executed or got executed the work/ project as
owner of industrial projects.
h. The execution of industrial project 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 a project/work.
i. The portion of work related to power transformer such as supply and or installation
mentioned at cl. no. 1.3 (b) can either be done by EPC contractor by themselves or by the
owner.
j. EPC projects with solar PV module supplied by developer/owner as free issue item to EPC
contractor shall also be considered eligible for route 1.1 of QR.
2.0 FINANCIAL CRITERIA
2.1 The average annual turnover of the Bidder, should not be less than Rs. 220 Crore (Indian
Rupees Two Hundred and Twenty Crore only) during the preceding three (3) 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:
Net worth (combined) = (X1+ X2+X3) / (Y1+Y2+Y3) X 100 where X1, X2,X3 are individual
Net worth which should not be less than 75% of the respective paid up share capitals and
Y1,Y2,Y3 are individual paid up share capitals.