JABALPUR, India, Sept. 24 -- Madhya Pradesh High Court issued the following judgment/order on Aug. 25:
1. Petitioners impugn the Condition No.4(b), (c) and (d) of NIT dated 02.08.2025 issued by the respondent No.1, whereby offers were invited for dismantling and Sale of balance Retired Units No.6, 7, 8 and 9 of Satpura Thermal Power Station, Sarai (Part-II).
2. Petitioners impugn conditions in the eligibility criteria which are quoted as under :
(b) Experience Criteria: - Should have successfully executed orders (including part executed) by the Buyer as a main contractor of same or similar i.e. retired Power plant with one or more units, having total installed capacity of 200 MW or above, which should essentially include dismantling and subsequent lifting of Steam Generator (Boiler), Steam Turbine, Generator and their Associated Auxiliaries, type of works / contracts in State Owned Power Generating Companies /Other Captive Power Utilities of PSU / NTPC / Govt. Industries or Departments / Semi Govt. Industries or Departments / Other Leading Industries / IPPs / PSUs in India placed in last 7 years ending with initial date of opening of bid; are to be uploaded. Buyers should be
Or
(i) Having one order where in work is completed or partly completed with value of the completed or partly completed work as Rs. 113.304 Crore (excluding Taxes) or above.
Or
(ii) Having two orders where in work is completed or partly completed with value of completed or partly completed work as Rs, 70.815 Crore (excluding axes) or above.
Or
(iii) Having three orders where in work is completed or partly completed with value of completed or party completed work as Rs.56.652 Crore (excluding Taxes) or above.
(c) Financial Criteria: - The Average annual turnover of the Buyer during three (3) consecutive financial years (FYs) in last 4 FYs (i.e. FY-22 to FY-25} should be Rs 141.630 Crore or above {excluding Taxes). In this respect, Buyer is required to upload the Audited Balance Sheets for respective years and Profit & Loss accounts containing UDIN and Certificate issued by Practicing Chartered Accountant containing UDIN. If Audited Balance Sheets and Profit & Loss account for FY-25, is not available, CA certified document shall be accepted.
(d) Net Worth:-Buyer should have positive net worth amounting to Rs. 94.420 Crore or above, during any one of two financial years that is FY-24 or FY-25.The valid certificate issued by practicing chartered accountant containing UDIN towards Net worth is to be uploaded and shall remain verifiable on UDIN portal of ICAI for a minimum period of 03 months. In case the Certificate / documents is / are found to be incorrect or misleading or not in Conformity with the facts, legal action shall be initiated by MPPGCL against the buyer and the matter shall be reported to ICAI for appropriate, disciplinary or regulatory action as per their norms.
*Rest of the document can be viewed at: (https://mphc.gov.in/upload/jabalpur/MPHCJB/2025/WP/32974/WP_32974_2025_FinalOrder_25-08-2025_digi.pdf)
Disclaimer: Curated by HT Syndication.
