NTPC LIMITED
(A Government of India Enterprise)
Western Region – I Shared Services Centre
PO Adityanagar, Kawas
Surat – 394516, Surat
NTPC/SSC-WR-I(Kawas)/9900190955 NIT Page 3 of 4
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 of the holding company, 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 alongwith
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 Holding 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.
7.2.5 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 computing annual turnover.
2. “Holding Company" and “Subsidiary Company” shall have the meaning ascribed to
them as per Companies Act of India, in vogue.
6 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.
7 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.