Progress
RAQuantity
2
Bid Type
Two Packet Bid
Organization: Hindustan Aeronautics Limited (HAL) under the Department of Defence Production. Procurement scope: Custom insurance cover for a 6.3 MW Wind Power Plant located in Harapanahalli, Davanagere district, including Fire & Special Perils and Burglary First Loss Policy (25% of IDV) as per Annexure-1. Estimated value: ₹2,49,256.00. Unique eligibility constraint restricts participation to Public Sector / Government Insurance companies. Policy validity extended until 25.11.2025 with renewal for the period 26.11.2025 to 25.11.?2026. This procurement requires ongoing government-aligned coverage and a renewal clause for continuity.
6.3 MW Wind Power Plant
Policy types: Fire & Special Perils, Burglary First Loss (25% of IDV)
Location: Harapanahalli, Davanagere District, Karnataka
Estimated value: ₹2,49,256.00
Eligibility: Public Sector / Government Insurance companies only
Policy renewal: 26.11.2025 to 25.11.2026
Public sector/government insurers only eligibility
Policy validity through 25.11.2025 with renewal through 2026
Bid documents include GST, PAN, financials, and OEM authorizations
To be defined in the contract; bidders must align with government procurement payment norms and any interim payments during policy issuance.
Policy issuance to cover risk from effective date; renewal to be completed ahead of expiry, alignment with wind plant operational timelines.
Not specified in available data; verify during bid finalization and contract negotiations.
Must be a Public Sector / Government Insurance company
Experience in insured risk for wind power assets preferred
Compliance with government procurement norms and registration requirements
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Custom Bid for Services - Standard Fire & Special Perils Policy for 6,3MW wind power plant located in Harapanahalli, Davangere District as per scope in Annexure-1 , Custom Bid for Services - Burglary standard First Loss Policy (25% of IDV) for 6,3MW wind power plant located in Harapanahalli, Davangere District as per scope in Annexure-1
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Main Document
OTHER
OTHER
OTHER
SCOPE_OF_WORK
PAYMENT
OTHER
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
Hindustan Aeronautics Limited (hal)
BANGALORE, KARNATAKA
Ntpc Sail Power Company Ltd
DURG, CHHATTISGARH
Ntpc Sail Power Company Ltd
DURG, CHHATTISGARH
Hindustan Petroleum Corporation Ltd
EAST GODAVARI, ANDHRA PRADESH
National Aluminium Company Limited
ANGUL, ODISHA
Tender Results
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GST registration certificate
Permanent Account Number (PAN) card
Experience certificates (similar wind power plant policy experience)
Financial statements (last 2-3 years)
EMD documents (if applicable; verify amount/format)
Technical bid documents demonstrating compliance with policy scope
OEM authorizations or underwriter authorization (government/PSU issuances)
Any ISI/ISO or government-endorsed compliance certificates (if required)
Start
02-Dec-2025, 2:00 pm
End
04-Dec-2025, 2:00 pm
Duration: 48 hours
Reverse Auction Document
✅ RA concluded. Check financial results for final rankings.
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 28-11-2025 13:49:03 | |
| 2 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 26-11-2025 17:24:41 |
These are the final prices after the reverse auction event. Prices may be lower than initial bids.
| Rank | Seller | Final Price | Item |
|---|---|---|---|
| L1 | NATIONAL INSURANCE COMPANY LIMITED Under PMA Winner | ₹3,96,034 | Item Categories : Custom Bid for Services - Standard Fire & Special Perils Policy for 6,3MW wind power plant located |
| L2 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | ₹4,00,016 | Item Categories : Custom Bid for Services - Standard Fire & Special Perils Policy for 6,3MW wind power plant located |
🎉 L1 Winner
NATIONAL INSURANCE COMPANY LIMITED Under PMA
Final Price: ₹3,96,034
Key insights about KARNATAKA tender market
Bidders must be a Public Sector / Government Insurance company and submit GST, PAN, financial statements, and experience certificates. Provide OEM authorizations and technical bid documents. The policy covers Fire & Perils and Burglary First Loss (25% of IDV) with renewal through 2026; ensure eligibility and complete documentation.
Required documents include GST certificate, PAN card, 2-3 years financial statements, wind plant experience certificates, EMD documents if applicable, technical bid, and OEM authorizations. Government insurer eligibility is mandatory; ensure bid packaging follows HAL terms.
Only Public Sector / Government Insurance companies are eligible to participate. Ensure current registration, government ownership, and ability to issue Fire & Perils plus Burglary First Loss policies with 25% IDV coverage for a 6.3 MW wind facility.
The policy requires renewal for 26.11.2025 to 25.11.2026. Ensure seamless coverage by submitting renewal proposals before expiry and aligning with government insurance guidelines for wind assets.
The estimated value is ₹2,49,256.00. Bidders should quote premium and terms accordingly, ensuring coverage for Fire & Special Perils and Burglary First Loss (25% of IDV) for the 6.3 MW wind plant.
The tender requires government insurer participation; ensure compliance with public sector procurement norms and any ISI/ISO endorsements if specified by HAL. Include OEM authorizations and detailed risk coverage plan for Fire & Perils and Burglary First Loss.
Burglary First Loss is 25% of the Insured Declared Value (IDV). Bidders must calculate the IDV for the 6.3 MW wind plant and price the policy 25% of that value as the burglary coverage limit, ensuring alignment with Annexure-1.
The base policy is valid up to 25.11.2025. Renewal is required for 26.11.2025 to 25.11.2026. Bidders should propose coverage effective before risk exposure and ensure renewal terms are embedded in the contract.
Hindustan Aeronautics Limited (hal)
📍 BANGALORE, KARNATAKA
Nhpc Limited
📍 DARJEELING, WEST BENGAL
Hindustan Petroleum Corporation Ltd
📍 VADODARA, GUJARAT
N/a
📍 BARAMULLA, JAMMU & KASHMIR
Indian Oil Corporation Limited
📍 VADODARA, GUJARAT
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Main Document
OTHER
OTHER
OTHER
SCOPE_OF_WORK
PAYMENT
OTHER
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS