Satluj Jal Vidyut Nigam Limited Tender

The financial eligibility criteria for the bidder to participate in this tender include: 1. Net Worth: The bidder should have a positive Net Worth as on the last day of the preceding Financial Year. - For Foreign Holding Company, a Certificate in support of Net Worth from Chartered Accountant/Certified Public Accountant/CICPA or equivalent body carrying out the Statutory Audit is required. - For Indian Firms, a Certificate in support of Net Worth issued by Statutory Auditor/ Chartered Accountant having Unique Document Identification Number (UDIN) is required. - The Net Worth of the Holding Company as on the last day of the preceding financial year should be at least equal to or more than the paid-up share capital of the Holding Company. 2. Turnover: - The bidder should meet the "Average Turnover Criteria". - Average Annual Turnover: - Rs. 161 Cr for 50 MW Capacity - Rs 322 Cr for 100 MW Capacity - For Foreign Holding Company, a Certificate in support of Turnover from Chartered Accountant/Certified Public Accountant/CICPA or equivalent body carrying out the Statutory Audit is required. - For Indian Firms, a Certificate in support of Turnover issued by Statutory Auditor/ Chartered Accountant having Unique Document Identification Number (UDIN) is required. 3. Other Financial Eligibility Points: - Annual report, Audited financial statements. - In case of Joint Venture, both partners shall jointly meet the “Average Turnover Criteria” and have Positive Net Worth. - Other income shall not be considered for arriving at Annual Turnover. - For conversion of equivalent foreign currency, the Bills Selling Market Rate of Exchange (MRE) as published by State Bank of India shall be considered. - In case the Audited Financial Statements for the immediately preceding financial year are not available, a statement of account as on the closing date of the immediately preceding financial year depicting the Turnover, Net Worth shall be enclosed with the bid, duly certified by their Chartered Accountant /Certified Public Accountant/CICPA or equivalent. - The lead partner in a Joint Venture should have more than 50% participation, and the other partner should have a minimum of 20% participation.