successful operation from intermediary procurer/ procurer/Discom/ Electricity Board shall
be submitted.
e. For Clause 1.3, Applicant shall submit a documentary evidence for the value of the project
certified by a Chartered Accountant.
f. Direct/Indirect Order
The Applicant shall also be considered qualified, in case the award for executing the
reference work has been received by the Applicant either directly from the owner of the
plant or any other intermediary organization. In such a case, a certificate from such owner
of plant or any other intermediary organization shall be required to be furnished by the
Applicant along with its Application for Enlistment in support of Applicant’s claim of
meeting the qualification requirement as per clause 1.1 and 1.3 above. Applicant shall
also submit a certificate of successful completion and operation from the Owner.
g. Developer means an entity who has either executed or got executed the work/ project as
owner of industrial projects.
h. For Clause 1.2, Applicant shall submit certificate of successful commissioning of the
project issued from Government Renewable Nodal Agency/ Government Enterprise/
Discom/ Electricity Board etc.
i. For Clause 1.2, Applicant shall submit evidence of successful operation from intermediary
procurer/ procurer/Discom/ Electricity Board etc.
j. 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.
k. 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 (with/without civil works) and Commissioning of a project/work
l. The block capacity shall be finalised based on project specific capacity. The financial
figure mentioned in Clause 1.3(a) is for single block. For multiple blocks, the financial
figure shall be corresponding to number of blocks.
2.0 FINACIAL CRITERIA
2.1 The average annual turnover of the Applicant, should not be less than Rs 67 Crore (Indian
Rupees Sixty Seven Crore Only) during the preceding three (3) completed financial years
as on date of submission of Application for Enlistment.
In case a Applicant 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 Applicant would be required to furnish along with
its Application for Enlistment, a Letter of Undertaking from the Holding Company,
supported by the Holding Company’s Board Resolution, as per the format enclosed in the
Enlistment documents, pledging unconditional and irrevocable financial support for the
execution of the Contract by the Applicant in case of award.
2.2 Net Worth of the Applicant as on the last day of the preceding financial year should not
be less than 100% (hundred percent) of Applicant’s paid-up share capital. In case the
Applicant 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 Applicant
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