National Thermal Power Corporation Limited Tender

The financial eligibility criteria for bidders can be clustered into the following points: 1. Net Worth: - The Bidder should have a Positive Net Worth. - For companies formed in the current or immediate preceding financial year, the net worth certified by a Chartered Accountant as on the day not earlier than 7 days prior to the initially notified last date of techno-commercial bid submission shall be considered. - Net worth means the sum total of the paid-up share capital and free reserves. 2. Annual Turnover: - The average annual turnover of the Bidder should not be less than INR 327 Crore during the preceding Three financial years as on the date of techno-commercial bid opening. - Other income shall not be considered for arriving at annual turnover. - For the value of the annual turnover indicated in foreign currency, the exchange rates as on Seven days prior to the date of techno-commercial bid opening shall be considered. 3. Holding Company Support: - If a Bidder does not satisfy the annual turnover or positive net worth criteria on its own, its Holding Company can meet these requirements, provided the Holding Company's Net Worth 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. - The Bidder must furnish a Letter of Undertaking from the Holding Company, supported by the Holding Company’s Board Resolution, pledging unconditional and irrevocable financial support for the execution of the Contract by the Bidder in case of award. 4. Financial Statements: - The Bidder should furnish audited financial statements. If audited results for the last financial year or last quarter as on the date of techno-commercial bid opening are not available, the financial results certified by a practicing Chartered Accountant shall be considered acceptable. - If the Bidder is not able to submit the Certificate from a practicing Chartered Accountant certifying its financial parameters, the audited result of Three consecutive financial years preceding the last financial year shall be considered for evaluating financial parameters. No specific requirements for revenue or net profit are mentioned.