Know more about the Maharatna company – NTPC
Did you know that NTPC is India’s largest energy conglomerate that became a Maharatna company in May 2010. Today it is one of the 10 Maharatnas CPSEs in India. Not only that, it is also ranked as No.2 IPP- Independent Power Producer in Platts Top 250 Global energy company rankings. NTPC was incubated in 1975 to accelerate the power development of the country. From the time of its inception, NTPC has established itself as a dominant power major with a presence in power generation business’s entire value chain. It started with fossil fuels, and then forayed into hydro, nuclear and renewable energy sources to generate electricity. This will in long term play a major role in reducing greenhouse gas emission thereby lowering the carbon footprint. NTPC has also diversified into other fields like consultancy, power trading, rural electrification, ash utilization, coal mining and training of power professionals; thereby strengthening its core business.
NTPC has announced its energy compact. As India’s largest power utility, NTPC Limited announced Energy Compact Goals. Their commitment to install 60 GW of renewable energy capacity by the year 2032. At the same time, it also aims for a 10% reduction in the net energy intensity. NTPC’s diversified goals are:
- NTPC to become 130 GW company by 2032 having diversified fuel mix, and in terms of power generation a 600 BU company
- Non fossil fuel based capacity to reach 30% share and thermal based capacity would be 70%
- Coal to be predominant fuel with 65% share in the power generation portfolio
- Renewable energy (which will include hydro) share to be 28%
- NTPC aims for 25% market share in ancillary services and storage
- Furthermore, NTPC also targets to achieve 10% of estimated market share for electricity supply in e-mobility business
NTPC’s expansion into international markets
NTPC is fast expanding its global footprint across the world by venturing into the power sector. It is going global as a project developer, taking over and turning around underperforming power projects. Furthermore, offering global services and concepts to commissioning and beyond for coal/gas based and even renewable energy projects too. NTPC has its footprints in 35+ countries already and is growing further.
Ready to bid for next NTPC eprocurement tender?
Now that you know more of NTPC’s maharatna size, as the largest power producer of India, you would surely like to understand how to find the NTPC eprocurement tenders that are relevant for your business, and will help you grow further by bidding for them. Though the NTPC eprocurement info is published nicely on the NTPC website under the tender section, it becomes too cumbersome trying to sieve through so much tender information and finding the one relevant for you. As a SME, you also may be struggling with resources and time to allot to this job of finding the relevant tender for your business. This is where BidAssist comes in as an excellent tender search platform to help SMEs search and bid for relevant tenders effortlessly and efficiently on bidassist.com. Bidassist aggregates all the NTPC etenders from NTPC website and presents it seamlessly. Using their advanced filters, one can find the most relevant tenders for one’s business, location and tender size.
Typically, NTPC eprocurement has 1600+ active tenders at any given point in time. Till date NTPC eprocurement has released 80,000+ tenders. In fact 14,000 Crores worth of tenders were released only in 2022. About 60-70% of NTPC etenders are released in states of Chattisgarh, Bihar, Uttar Pradesh, Madhya Pradesh & Andhra Pradesh; with Chattisgarh NTPC eprocurement amongst top states for larger share of tenders released. To add further, BidAssist is the only platform that maps results and tenders so that you can build bidding intelligence to win more tenders. As the information in India is generally scattered so it becomes important to track how many results are available for specific tenders. For more than 70% of its tenders, BidAssist has information on the results announced. This would mean that you can look into the result information for those tenders and know various information fields. To top it off, it’s not just the usual ones like the participants name and award value.
On BidAssist, for every tender result, one can actually get deeper information like; bidder name, company type (Manufacturer/Distributor), state, authority name, tender id, award id, description, tender amount, EMD amount, award amount, contract date, technical opening date, financial opening date, AOC date, tender url, result url, tender opening date, tender closing date, contract period, winner mention, final amount, final award amount, item name, quantity, unit price (if available in BOQ), L1 name, L1 quote, L1 quantity tax amount, service charge amount, item budget, product specification, country name, participants name, participants quote, winners name, winners amount, winners quantity, technical specification, service period (wherever mentioned), last update date, last updated field.
Some of the key features of BidAssist as an efficient platform for tender searches, which makes it stand apart from competition:
- Largest database: At last count, BidAssist has over 4 crore+ tenders sourced from 50k+ sources globally. By far the largest source of tenders, categorized into 50+ categories
- FREE Tender search: Unlike other players where users can’t search tenders freely, BidAssist allows you to search for any tender absolutely FREE just like Google. Infact, users can search for their relevant search term even within BOQs. While the BOQ search is enabled by default, you can always disable it by using the “More Filters” button. You can also find the “exact search” option which can be used in case the search results are not relevant.
- Expert support service: BidAssist offers its expert support service to ensure the SMEs have a smooth experience finding their relevant tenders and even bidding for them. BidAssist is a transparent platform. At times, it may still happen that with all efforts to aggregate tenders, few may get missed. In that case, SMEs can reach out to BidAssist support team via whatsapp chat.
About BidAssist India
Overall BidAssist has more than 50k+ sources from which it aggregates tenders and has a database of more than 4 crore+ tenders. There are about 150,000 active tenders in India and another 280,000 active tenders globally. By far it is the largest source of tenders, categorised into 50+categories. In addition there are 76 Lacs (7.6 mn) tenders results in India and 42 Lacs (4.2 mn) tender results globally. Its content database is more than double of any other leading players.
To begin your NTPC etenders search, visit bidassist.com. You can always reach out to the BidAssist support team in case you don’t find the answers to what you are searching for.
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