NTPC LIMITED
(A Government of India Enterprise)
Western Region – 1 Shared Service Center
P.O. Adityanagar, Kawas
Surat-394516, Gujarat
NTPC/KAWAS/9900213907 NIT Page 3 of 4
7.2.1 above, provided that the net worth of such 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 holding company. In
such an event, the bidder would be required to furnish along with its Techno-Commercial bid, 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 following documents for substantiation of its
qualification.
a. Copies of the unaudited unconsolidated financial statements of the bidder along with copies of
the audited consolidated financial statements of its Holding Company.
b. 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 first scheduled
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 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 first scheduled date techno-commercial bid opening and
the Certificate from the practicing Chartered Accountant certifying the financial parameters is not
available.
NOTES:
A. Other income shall not be considered for arriving at annual turnover.
B. “Holding Company" and “Subsidiary Company” shall have the meaning ascribed to them as
per Companies of India, in vogue.
8.0 'Class-I local suppliers’ only are eligible to participate in this tender, as defined in the bidding
documents/ Public Procurement (Preference to Make in India), Order 2017 and its
subsequent amendments/ revisions issued by DPIIT. The bidders may apprise themselves
of the relevant provisions of bidding documents in this regard before submission of their
bids.
9.0 Notwithstanding anything stated above, the Employer reserves the right to assess the capabilities
and capacity of the Bidder/ his collaborators / associates/ subsidiaries/ group companies to perform
the contract, should the circumstances warrant such assessment in the overall interest of the
Employer.