Indian Oil Floats Tender For 385 kWp Rooftop Solar Project At Taloja Plant In Maharashtra

Indian Oil Corporation Limited has invited bids for the development of a 385 kWp on-grid roof-mounted captive solar power project at its Lube Blending Plant in Taloja, Maharashtra. The scope of work covers engineering, procurement, construction, and liaisoning, along with a two-year warranty period. The tender follows the two-bid system with reverse auction through the e-tender portal. The estimated project cost is ₹2,41,28,317 inclusive of GST, and only one contractor will be selected for the job. No tender fee has been prescribed, and documents can be downloaded free of cost from the IOCL e-tender portal.

A physical pre-bid meeting is scheduled to be held on September 11, 2025, at 11:00 hours at Indian Oil Bhavan, Bandra Kurla Complex, Mumbai. Bidders are required to send their queries in advance by September 10, 2025. The bid submission start date is 15^th September 2025, while the due date will be 22^nd September 2025. The bids will remain valid for 180 days from the date of technical bid opening. The total project completion time is six months from the date of handing over the site, which is considered the 10th day from issuance of the SAP purchase order or the actual date of handing over, whichever is earlier.

The Earnest Money Deposit (EMD) for this tender is fixed at ₹61,000, which amounts to 0.25% of the estimated project value. The EMD can be submitted through online payment, a bank guarantee in the prescribed format, or an insurance surety bond from approved insurers. The bank guarantee must remain valid for at least three months beyond the validity of the tender. Bidders making use of the bank guarantee option need to upload scanned copies while ensuring the original is delivered to the tender issuing authority within seven working days from the date of technical bid opening. Certain exemptions are applicable for government organizations, IOCL subsidiaries, and startups.

In addition, the selected contractor must provide a performance security deposit equivalent to 10% of the contract value, excluding GST. The tender also specifies a price adjustment clause, under which a delay will attract a penalty of 0.5% per week of the contract value, subject to a maximum of 10%. The project will be awarded based on compliance with tender conditions, and only those meeting eligibility and documentation requirements will be considered for the opening of financial bids.

The work is covered under the Public Procurement (Preference to Make in India) Order 2017, as revised on July 19, 2024. Only Class-I and Class-II local suppliers are eligible to participate. The contract will be executed on a lump-sum turnkey basis, and a reverse auction will determine the final pricing.

This project highlights Indian Oil’s ongoing efforts to increase renewable energy adoption within its operations, aligning with broader national clean energy targets. Interested bidders are advised to strictly follow the timelines and submission requirements outlined in the tender documents, as non-compliance could lead to rejection of the bid or forfeiture of the EMD.