7.2 Financial criteria:
7.2.1 The average annual turnover of the Bidder, should not be less than INR 118.36 Lakh
(Rupees One Hundred Eighteen Lakh and Thirty-Six Thousand only) during the preceding
three (3) completed financial years as on the date of Techno-commercial bid opening.
7.2.2 In case the bidder does not satisfy the financial criteria, stipulated at Cl. 7.2.1 above on
its own, its holding company would be required to meet the stipulated turnover
requirements at Cl. 7.2.1 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 Techno-Commercial 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.
7.2.3 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.
1. Copies of the unaudited unconsolidated financial statements of the bidder along with
copies of the audited consolidated financial statements of its Holding Company.
2. A Certificate from the CEO/CFO of the Holding Company, as per the format enclosed in the
bidding documents, stating that the unaudited unconsolidated financial statements form part
of the Consolidated Annual Report of the company.
7.2.4 In cases where audited results for the last preceding 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 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.
NOTES:
1. Other income shall not be considered for arriving at annual turnover.
2. “Holding Company" and “Subsidiary Company” shall have the meaning ascribed to them
as per Companies Act of India, in vogue.
8.0 NTPC reserves the right to reject any or all bids or cancel / withdraw the Invitation for
Bids/NIT without assigning any reason whatsoever and in such case no bidder / intending
bidder shall have any claim arising out of such action.
9.0 A complete set of Bidding Document may be downloaded by any interested Bidder from
https://eprocurentpc.nic.in/nicgep/app.Tender fee as mentioned above in the form of a
crossed account Payee demand draft in favor of NTPC Ltd., Payable at KAWAS is required
to be submitted in separately sealed envelope at the address mentioned in the bidding
document before stipulated date & time of submission of bid.
10.0 Prospective bidders are compulsorily required to provide GSTIN number at with Tender
Fee. Issuance of bid documents to any Bidder shall not construe that such bidder is considered