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Hindustan Aeronautics Limited Custom Fire & Burglary Insurance Tender Harapanahalli Wind Power Plant 2025

Bid Publish Date

18-Nov-2025, 2:36 pm

Bid End Date

28-Nov-2025, 3:00 pm

Value

₹2,49,256

Location

BANGALORE , KARNATAKA

Progress

RA
Issue18-Nov-2025, 2:36 pm
Reverse AuctionCompleted
AwardCompleted
Explore all 4 tabs to view complete tender details

Quantity

2

Bid Type

Two Packet Bid

Categories 5

SERVICES POWER POWER PLANT POWER PROJECT WIND POWER PLANT

Tender Overview

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.

Technical Specifications & Requirements

  • Product/service: Insurance policy for 6.3 MW Wind Power Plant, Fire & Perils plus Burglary First Loss.
  • Coverage scope: Fire, natural disasters, burglary, and allied risks as per Annexure-1.
  • Eligibility/insurers: Only Public Sector / Government Insurance companies eligible to participate.
  • Policy renewal: Required for the period starting 26.11.2025 through 25.11.2026. Ensure continuous coverage with renewal terms aligned to government requirements.
  • Est. value: ₹2,49,256.00; assess premium quotations accordingly.
  • Additional notes: Ensure compliance with any state or central government insurance guidelines applicable to wind power assets.

Terms, Conditions & Eligibility

  • EMD: Not specified in available data. Verify at bid stage.
  • Eligibility: Bids from Public Sector / Government Insurance companies only.
  • Renewal: Mandatory renewal for the period 26.11.2025 to 25.11.2026.
  • Location context: Wind power facility in Harapanahalli, Davanagere district, Karnataka.
  • Documentation: Prepare standard government insurance bid documents and OEM/underwriter authorizations as applicable.
  • Payment terms: To be defined in contract; ensure alignment with government procurement norms.
  • Delivery/implementation: Period to secure policy coverage beginning prior to risk exposure and continuing through renewal window.

Key Specifications

  • 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

Terms & Conditions

  • 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

Important Clauses

Payment Terms

To be defined in the contract; bidders must align with government procurement payment norms and any interim payments during policy issuance.

Delivery Schedule

Policy issuance to cover risk from effective date; renewal to be completed ahead of expiry, alignment with wind plant operational timelines.

Penalties/Liquidated Damages

Not specified in available data; verify during bid finalization and contract negotiations.

Bidder Eligibility

  • 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

Documents 11

GeM-Bidding-8603723.pdf

Main Document

Other Documents

OTHER

Other Documents

OTHER

Other Documents

OTHER

Scope Of Work Document

SCOPE_OF_WORK

Payment Terms & Condition

PAYMENT

Other Documents

OTHER

Other Documents

OTHER

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN) card

3

Experience certificates (similar wind power plant policy experience)

4

Financial statements (last 2-3 years)

5

EMD documents (if applicable; verify amount/format)

6

Technical bid documents demonstrating compliance with policy scope

7

OEM authorizations or underwriter authorization (government/PSU issuances)

8

Any ISI/ISO or government-endorsed compliance certificates (if required)

Reverse Auction Schedule

Completed

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.

Reverse Auction Results Final Prices

These are the final prices after the reverse auction event. Prices may be lower than initial bids.

Rank Seller Final Price Item
L1NATIONAL INSURANCE COMPANY LIMITED   Under PMA Winner ₹3,96,034Item Categories : Custom Bid for Services - Standard Fire & Special Perils Policy for 6,3MW wind power plant located
L2THE ORIENTAL INSURANCE COMPANY LIMITED   Under PMA₹4,00,016Item 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

Frequently Asked Questions

Key insights about KARNATAKA tender market

How to bid for HAL wind power plant insurance in Karnataka 2025

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.

What documents are required for Harapanahalli wind policy bid 2025

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.

Which insurers are eligible for HAL wind plant insurance tender 2025

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.

What are the renewal requirements for HAL wind plant policy 2025

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.

What is the estimated value for HAL wind plant insurance tender 2025

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.

What standards or compliance are required for this HAL bid

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.

How is the 25% Burglary First Loss calculated for this bid

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.

When does the policy validity start and end for this HAL tender

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.