Aravali Power Company Private Limited Assets Insurance Tender Jhajjar Haryana 2026 Mega Risk Coverage Fire STFI MBD Earthquake ISK

Tender Overview

Aravali Power Company Private Limited invites bids for comprehensive assets insurance including Mega Risk Insurance with cover for Standard Fire & Special Perils plus Storm/Typhoon/Hurricane/Tornado/Flood (STFI), Machinery Breakdown (MBD), Earthquake and Theft/Burglary. The estimated contract value is ₹96,20,143,200 for properties located in Jhajjār, Haryana. The procurement is conducted on a limited tender basis via NTPC/ APCPL framework, with mandatory shortlisting. The scope emphasizes risk transfer for critical assets with potential 25% variation in quantity or duration at contract award. Attention to GST compliance is required seven days before bid submission. A SAP Purchase Order will be issued after rate reasonability, subject to CA approval.

Technical Specifications & Requirements

• Organization: Aravali Power Company Private Limited (APCPL)
• Location: Jhajjar, Haryana 124507
• Estimated value: ₹96,20,143,200
• Insurance types required: Mega Insurance, Standard Fire & Special Perils (Fire & STFI), MBD (Machinery Breakdown), Earthquake, Theft/Burglary
• Tender modality: Limited Tender (LT); Bidder eligibility is governed by NTPC/ APCPL Works & Procurement Policy
• GST disclosure: Bidders must quote GST percentage seven days prior to submission
• ATC/ GTE: Compliance with Fraud Prevention, Debarment, Price Variations, Technical Suitability, GOI GFR, ABAC; safety policies apply
• Bidder qualification: Shortlisting by competent authority; past performance and capacity assessment by APCPL
• EMD details: Not specified in the available data; ensure readiness per policy if clarified
• Delivery/PO: APCPL will issue SAP PO after approval of CA and rate reasonability

Terms & Eligibility

• Bid conditions: Limited tender with prior shortlisting by competent authority; non-shortlisted bidders will be rejected at tech evaluation
• GST indication: GST percentage must be quoted seven days before the last submission date
• Legal form: Company registered under Companies Act 2013 or partnership/proprietorship
• Acceptance of policies: Fraud Prevention, debarment, ABAC, safety rules, GOI GFR compliance
• Variation clause: Up to 25% increase or decrease in contract quantity or duration at issuance; post-issue variation limited to 25%
• EMD: Not explicitly stated in data; treat as contingent per NTPC/APCPL terms
• Right of APCPL: Right to accept or reject any/all tenders without理由; EMD if applicable may be returned