GAIL Issues Tender For Solar Plants Across Locations In India

GAIL Issues Tender For Solar Plants Across Locations In India. Photo: Pexels

State-owned natural gas processing and distribution company GAIL has issued a tender inviting bids for the design, supply, installation, testing, commissioning, and operation & maintenance (O&M) of rooftop and land-based solar energy plants at multiple locations. The deadline for bid submission is April 2, 2024, with bid opening scheduled for the next day. Bidders must submit an Earnest Money Deposit (EMD) of Rs 6.59 lakhs. The bid validity period is set at 90 days, according to the tender document.

The pre-bid meeting will be conducted on 18th March. The document also highlights the completion period which is stated to be Eighteen months excluding the mobilisation period otherwise nineteen months including mobilisation period for the installation and Commission of Solar rooftop/ Land top at all locations from the date of Order, read the GAIL tender. The period of contract for comprehensive O&M will be 5 years from the date of completion of the project in all respects for the respective location with the issuance of a completion certificate from the EIC and after the completion warranty period. Moreover, start-ups and CPSEs to whom EMD exemption is allowed as per extant guidelines in vogue are required to submit a declaration for bid security as per proforma at Form F-2A.

In other news, GAIL India today opened at Rs 183.5, reached a high of Rs 184.55, and a low of Rs 178.8 before closing at Rs 183.2. The market capitalisation stood at Rs 118,187.42 crore. The 52-week high for the stock is Rs 196.35 and the 52-week low is Rs 102.1.

Two days ago GAIL along with Oil and Natural Gas Corporation (ONGC) and Shell Energy India (SEI) signed a tripartite Memorandum of Understanding (MoU) on March 7 to explore opportunities for import of ethane and other hydrocarbons.