Declared L1 (First Lowest) for order valued at INR 12.98 Crore from NTPC Tamilnadu Energy Company
Sai Urja Indo Ventures Ltd has been declared L1 (First Lowest) for an order valued at INR 12.98 Crore.
By ScoutQuest · · 1 min read
- Order Value
- INR 12.98 Crore
- Tenure
- 3 Year(s) 1 Day
- Scope
- repair and rectification contract for NTECL C&I systems of Main Plant and Off sites for 03 years and 5 Unit Overhauling
Declared lowest bidder for an NTPC Tamilnadu order
- The company has been declared L1 (First Lowest) for an order valued at INR 12.98 Crore.
- The client is NTPC Tamilnadu Energy Company Limited.
- The work is a repair and rectification contract for NTECL C&I systems of Main Plant and Off sites, covering 03 years and 5 Unit Overhauling.
- The tenure stated against the contract is 3 Year(s) 1 Day.
What L1 means
L1 stands for the first lowest bidder. In a tender process, the bidder who quotes the lowest price is placed first in the evaluation order. The company has used this term to describe its position for the contract valued at INR 12.98 Crore.
What the contract covers
- Repair and rectification of C&I (control and instrumentation) systems of the Main Plant and Off sites.
- A unit overhauling component across 5 units, as described in the scope.
The order is from NTPC Tamilnadu Energy Company Limited, which appears as the client in the disclosure. The value of INR 12.98 Crore and the tenure of 3 Year(s) 1 Day are the two quantitative points an investor can track.
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More numbers
- Size of contractINR 12.98 Crore
- Contract tenure stated3 Year(s) 1 Day
- Scope period for C&I systems work03 years
- Units covered under overhauling5 Unit Overhauling
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