Madhya Pradesh Urja Vikas Nigam Limited Tender

The financial eligibility for bidders to participate in this tender is based on net worth. The specified financial eligibility points are: - Net worth: The bidder's net worth should be sufficient to meet the net worth requirement for the project, which is linked to the Project Capacity of the substation. A bidder with a net worth of INR 2 crore can bid for a substation with a Project Capacity of less than or equal to 2 MW. A bidder with a net worth of INR 4 crore can bid for any number of substations, subject to the Project Capacity being limited to less than or equal to 4 MW. In Developer Mode, the net worth of the Bidder should be INR 1 crore per MW. - Equity commitment: In the case of a bidding consortium, each member must provide their equity commitment in the consortium. - Percentage of equity shareholding: The aggregate equity shareholding of the successful bidder in the issued and paid-up share capital, and the voting rights of the Project Company, shall not be less than 51% up to a period of one year as calculated from the Commercial Operation Date of the concerned project. - Percentage of equity in consolidated accounts: The bidder has at least 26% equity in each company whose accounts are merged in the audited consolidated accounts. No specific values or percentages are mentioned for turnover, revenue, or net profit.