एनटीपीसी - सेल पावर कम्पनी लिमिटेड (एनटीपीसी सेल का संयुक्त उद्यम)
NTPC-SAIL Power Company Limited (A Joint Venture of NTPC & SAIL )

Compliance with statutory requirements and obtaining clearances from statutory authorities, wherever required.

Packing and transportation from the manufacturer's works to the site including customs clearance / port clearance, port charges, if any.

Fabrication, pre-assembly (if any), erection, testing, retrofitting, commissioning and completion of facilities including putting into satisfactory operation of all the equipments and successful completion of initial operation;

The bidder should have designed, engineered, manufactured, type tested or got type tested, supplied and commissioned or supervised commissioning of at least one (1) number of VFD system (of the type offered) for feeding squirrel cage induction motor / synchronous motor of 1250 kW or above rating, which is in successful operation for a period of at least one (1) year as on date of bid opening.

The bidder should have also supplied and commissioned or supervised commissioning of at least one (1) number of VFD system as a retrofit for feeding squirrel cage induction motor of 400 kW or above rating, which is in successful operation for a period of at least one (1) year as on the date of bid opening.

The average annual turnover of the Bidder, in the preceding three (3) financial years as on the date of bid opening, shall not be less than Rs. 8.29 Crore (Rupees Eight Crore Twenty Nine Lakh only).

The Net Worth of the Bidder as on the last day of the preceding financial year shall not be less than 25% of the paid-up share capital.

In case the Bidder is not able to furnish its audited financial statements on standalone entity basis, the un-audited unconsolidated financial statements of the Bidder can be considered acceptable provided the Bidder furnishes the following further documents for substantiation of its qualification.

(a)Copies of the un-audited unconsolidated financial statements of the Bidder along with copies of the audited consolidated financial statements of the Holding Company.

(b) A Certificate from the CEO / CFO of the Holding Company, as per the format enclosed in the bid documents, stating that the un-audited unconsolidated financial statements form part of the Consolidated Annual Report of the company.

In case where audited results for the last preceding financial year are not available, certification of financial statements from a practicing Chartered Accountant shall also be considered acceptable.

In case, a Bidder does not satisfy the financial criteria, regarding Annual Average Turnover and Net Worth stipulated at Clause 3.1 and / or 3.2 above on its own, the Holding Company would be required to meet the stipulated turnover requirements at Clause 3.1 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 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.

The unutilized line of credit for fund based and non-fund based limits with cash and bank balances including fixed deposits of the Bidder as on a date not earlier than 15 days prior to the date of bid opening, duly certified by the Bankers shall not be less than Rs. 290 Lakh  (Rupees Two Crone Ninety Lakh only).  In case certificates from more than one Bank are submitted, the certified unutilized limits shall be of the same date from all such Banks.

Where another Company of the group acting as the Treasury Centre is responsible for Treasury Management of the Bidder having combined credit / guarantee limit for the whole group, the Bidder would be required to provide the Banker’s certificate regarding the unutilized line of credit for fund based and non-fund based limits together with cash and bank balances including fixed deposits available to such Treasury Centre.  Further, Treasury Centre shall certify that out of the aforesaid limits certified by the bankers’, the Bidder shall have access to the line of credit of a level not less than the specified amount at Clause 3.5 above.

In proof of this, the Bidder would be required to furnish along with its bid, a Letter of Undertaking from the Treasury Centre, supported by a Resolution passed by the Board of Directors 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.

In case the Bidder’s unutilized line of credit for fund based and non-fund based limits specified at Clause 3.5 above is not sufficient, a comfort letter from one of the bankers specified in the bid documents unequivocally stating that in case the Bidder is awarded the contract, the Bank would enhance line of credit for fund based and non-fund based limits to a level not less than the specified amount to the bidder or to the Treasury Management Centre as the case may be, shall be acceptable.

Note:

i. Net worth means the sum total of the paid up share capital and free reserves.  Free reserve means all reserves credited out of the profits and share premium account but does not include reserves credited out the revaluation of the assets, write back of depreciation provision and amalgamation.  Further any debit balance of Profit and Loss Account and miscellaneous expenses to the extent not adjusted or written off, if any, shall be reduced from reserves and surplus.

 ii. Other income shall not be considered for arriving at annual turnover.

Notwithstanding anything stated above, the NSPCL reserves the right to assess the capabilities and capacity of the Bidder / his collaborators / associates / subsidiaries / group companies/ holding company to perform the contract, should the circumstances warrant such assessment in the overall interest of the NSPCL Such assessment shall include, but not be limited to, the evaluation of adequacy of facilities, services, resources, design / engineering capability and financial capability