an event, the bidder would be required to furnish along with its Techno-
Commercial bid, a Letter of Undertaking from the Holding Company,
supported by the Holding Company’s Board Resolution as per the format
enclosed in the bid documents, pledging unconditional and irrevocable
financial support for the execution of the Contract by the Bidder in case of
.2 In case the bidder is not able to furnish its audited financial statements on
stand alone entity basis, the unaudited unconsolidated financial statements
of the bidder can be considered acceptable provided the bidder further
furnishes the following documents for substantiation of its qualification :
(a) Copies of the unaudited unconsolidated financial statements of the
bidder along with copies of the audited consolidated financial statements of
its Holding Company.
(b) A Certificate from the CEO/CFO of the Holding Company, as per the
format enclosed in the bidding documents, stating that the unaudited
unconsolidated financial statements form part of the consolidated annual
financial statements of the Holding Company.
In case where audited results for the last financial year 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. In case, Bidder is not able to submit the certificate from
practicing Chartered Accountant certifying its financial parameters, the
audited results for the three consecutive financial years preceding the last
financial year shall be considered for evaluating the financial parameters.
Further, a Certificate would be required from the CEO/CFO as per the
format enclosed in the bidding documents stating that the Financial results
of the Company are under audit as on the date of Techno-commercial bid
opening and the Certificate from the practicing Chartered Accountant
certifying the financial parameters is not available.
NOTES FOR CLAUSE 2 ABOVE :
Other income shall not be considered for arriving at annual turnover.
"Holding Company" and "Subsidiary" shall have the meaning ascribed to
them as per Companies Act of India.
For Turnover indicated in foreign currency, the exchange rate as on seven
(07) days prior to the date of techno-commercial bid opening shall be used.
Notwithstanding anything stated above, the Employer reserves the right to assess
the capabilities and capacity of the Bidder/ his collaborators / associates/
subsidiaries / group companies to perform the contract, should the circumstances
warrant such assessment in the overall interest of the Employer.
NTPC reserves the right to reject any or all bids or cancel/withdraw the NIT for the
subject package without assigning any reason whatsoever and in such case no
bidder/intending bidder shall have any claim arising out of such action.
VIII. The bidding document is available online. A complete set of Bidding Documents may
address has not been linked to a vendor code allotted by NTPC/ first time users not
allotted any vendor code by NTPC, should send a copy of the registration details to