GEM

Indian Oil Corporation Limited E-Locking System Tender - ₹385.83 Crores Development Services 2025

Posted

17 Oct 2025, 04:07 pm

Deadline

14 Nov 2025, 04:00 pm

EMD

₹96,46,000

Value

₹3,85,83,16,800

Location

MUMBAI , MAHARASHTRA

Progress

Issue17 Oct 2025, 04:07 pm
Corrigendum31 Oct 2025
AwardPending
Explore all 4 tabs to view complete tender details

Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • Estimated value of ₹3,858,316,800 for the project
  • • EMD amount set at ₹9,646,000
  • • Option clause allows for a 25% increase in contract terms
  • • No specific technical specifications provided
  • • Bidders must comply with additional terms in the ATC document
  • • Relevant experience in similar projects is crucial for eligibility

Categories 3

SERVICES DEVELOPMENT IMPLEMENTATION

Tender Overview

The Indian Oil Corporation Limited is inviting bids for the development, customization, supply, implementation, and maintenance of an e-locking system with chamber-wise monitoring and CVTMS. The estimated value of this tender is ₹3,858,316,800. The procurement aims to enhance security and operational efficiency within the organization. Bidders should be prepared for potential adjustments in contract terms, as the buyer retains the right to modify contract quantities or duration by up to 25%.

Technical Specifications & Requirements

Currently, no specific technical specifications are available for this tender. However, bidders should be aware of the following critical points:

  • EMD Amount: ₹9,646,000 required as a bid security deposit.
  • Option Clause: The buyer can adjust contract quantities or duration by 25% post-issue of the contract.
  • Bidders must comply with any additional terms specified in the uploaded ATC document.

Terms, Conditions & Eligibility

Bidders must adhere to the following requirements:

  • EMD: ₹9,646,000 to be submitted via the specified payment method.
  • Experience: Relevant experience in similar projects is essential (details not specified).
  • Delivery: Timelines and specific delivery conditions will be outlined in the contract.
  • Documents: Bidders are required to submit all necessary compliance and financial documents as specified in the ATC.
  • Option Clause: Acceptance of contract modifications as per buyer's discretion is mandatory.

Key Specifications

  • Development and customization of e-locking system

  • Chamber-wise monitoring capability

  • CVTMS integration

Terms & Conditions

  • EMD of ₹9,646,000 required for bid submission

  • Option clause allows 25% adjustment in contract terms

  • Bidders must accept revised quantities or durations post-contract issuance

Important Clauses

Option Clause

Contract quantities or duration can be modified by up to 25% post-issue.

Bidder Eligibility

  • Relevant experience in similar e-locking system projects

  • Financial stability to support project execution

  • Compliance with all specified terms in the ATC document

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Required Documents

1

GST registration certificate

2

PAN card

3

Experience certificates for similar projects

4

Financial statements

5

EMD payment confirmation

6

Technical compliance documents as per ATC

Corrigendum Updates

1 Update
#1

Update

31 Oct 2025

Frequently Asked Questions

What is the EMD amount for Indian Oil e-locking system tender?

The EMD amount for the Indian Oil Corporation e-locking system tender is ₹9,646,000. Bidders must submit this amount as a bid security deposit to participate in the tender process.

What are the eligibility criteria for Indian Oil Corporation tender?

Bidders must demonstrate relevant experience in similar projects, financial stability, and compliance with all specified terms in the ATC document for the Indian Oil Corporation tender.

How to participate in Indian Oil Corporation e-locking system bid?

To participate in the Indian Oil Corporation e-locking system bid, bidders must prepare and submit required documents, including GST registration, PAN card, and experience certificates, along with the EMD.

What are the key specifications for the e-locking system tender?

The key specifications for the e-locking system tender include development and customization of the system, chamber-wise monitoring capability, and integration with CVTMS. Specific technical details are not provided.

What is the option clause in the Indian Oil tender?

The option clause in the Indian Oil Corporation tender allows the buyer to increase or decrease the contract quantity or duration by up to 25% at the time of contract issuance.

What documents are required for Indian Oil Corporation tender submission?

Bidders must submit several documents for the Indian Oil Corporation tender, including GST registration, PAN card, experience certificates, financial statements, and EMD payment confirmation as per the ATC.

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