Oil And Natural Gas Corporation Limited Tender

The financial eligibility criteria for the bidder to participate in this tender are as follows: 1. Net Worth: The bidder should have a positive Net Worth as on 31 March, 2024. - Net Worth = Paid-up share capital + Free reserves - Revaluation reserves - Intangible assets - Miscellaneous expenditure to the extent not written off and carry forward losses - Paid-up share capital includes: 1. Paid-up equity share capital 2. Fully, compulsorily and mandatorily convertible preference shares 3. Fully, compulsorily and mandatorily convertible debentures 2. Profit before tax: The bidder should have earned profit before tax in at least 1 (one) financial year during the last 3 (three) financial years. No specific values or percentages for Net Worth, turnover, revenue, or net profit are mentioned in the provided context. However, the bidder needs to demonstrate a positive Net Worth and have earned profit before tax in at least one of the last three financial years to be eligible.