Indian Oil Corporation Invites Bids For 1 MW Solar Power Project At Tikri Kalan, Delhi

Indian Oil Corporation Limited (IOCL) has invited electronic bids under a two-bid system for the Engineering, Procurement, and Construction (EPC) of a 1 MWp (AC) on-grid solar power project at the IndianOil LPG Bottling Plant in Tikri Kalan, Delhi. The project also includes group metering mapping with the Indian Oil Bhawan at Yusuf Sarai, New Delhi, and comprehensive operation and maintenance (O&M) for one year, followed by an additional four years of O&M.

The total estimated project value is ₹6,21,49,147.94, including GST. The work completion period for Part I, covering EPC and one-year O&M, is 18 months from the date of the Letter of Acceptance (LOA), while Part II covers an additional four years of O&M beyond that period.

The Earnest Money Deposit (EMD) required for participation in the tender is ₹1,56,000. The EMD can be paid through an online transfer via the IOCL e-tender portal or submitted as a bank guarantee valid for at least three months beyond the bid validity. The bank guarantee must follow IOCL’s specified format and be delivered to the issuing authority’s office in a sealed envelope marked “Offline EMD.” The EMD can also be submitted in the form of an Insurance Surety Bond issued by an IRDAI-registered insurer such as SBI General Insurance, New India Assurance, Bajaj Allianz, ICICI Lombard, or HDFC General Insurance.

The Performance Bank Guarantee (PBG) or Security Deposit is set at 10% of the contract value (exclusive of GST) and will be retained by IOCL until the completion of the defect liability period. This deposit will not earn any interest. The security deposit for the four-year O&M component must be submitted before the start of that period and will be released after a 12-month defect liability phase.

The due dates for bid upload, clarification, and opening of technical bids are available on the same portal. Bidders are advised to attend the pre-bid meeting at IOCL’s Northern Region Office, Aurobindo Marg, New Delhi – 110016.

The tender is open to eligible Indian entities, including individuals, partnerships, limited companies, and incorporated joint ventures that meet the specified qualification criteria. IOCL reserves the right to accept or reject any or all bids without assigning reasons.