This is Addendum 1 to the Tender Document for Grant of Operating Rights issued by the Administering Authority, Ministry of Mines, Government of India, concerning the Notice Inviting Tender dated November 28, 2024. The amendment applies to all tender documents related to the "Invitation of Bids for Grant of Operating Rights of Offshore Areas" dated November 28, 2024.
The addendum modifies Explanation 1 of Clause 5(b) regarding the consideration of the net worth of a holding company when the applicant is a subsidiary. Previously, the holding company had to be incorporated in India. The modification allows for the consideration of the net worth of the holding company even if it is incorporated in India *or outside India.* The condition that the applicant remains a subsidiary until meeting the net worth threshold remains unchanged.
For further information, contact Vivek Kumar Bajpai, Administering Authority at Tel. No. 011-23384741 or via email at aa-mom@gov.in. The document is dated May 16, 2025.
Key Entities Referenced
Ministry of Mines: Administering authority for the grant of operating rights.
Tender Document for Grant of Operating Rights: Primary document being amended by this addendum.
Invitation of Bids for Grant of Operating Rights of Offshore Areas: Referenced tender document related to offshore areas.
Administering Authority
Ministry of Mines
Government of India
Shastri Bhawan,
New Delhi 110001
Date: May 16, 2025
Addendum 1 to Tender Document for Grant of Operating Rights issued by Administering Authority, Ministry of Mines, Government of India (Notice Inviting
Tender dated November 28, 2024)
The amendment mentioned in this Addendum shall be applicable to all Tender Documents with reference to “Invitation of Bids for Grant of Operating Rights of
Offshore Areas” dated November 28, 2024 issued by the Administering Authority, Ministry of Mines, Government of India.
Reference
Sr. to the
As per Tender Document To be read as
No. Tender
Document
Explanation In case an applicant is a subsidiary of another company incorporated in In case an applicant is a subsidiary company, the net worth of the holding
1.
1 of Clause India, the net worth of such holding company may also be considered: company of such subsidiary company may also be considered and the
5 (b) holding company may be incorporated in India or outside India.
Provided that, in such case, the applicant shall continue to be a
subsidiary of such holding company until such time the applicant meets Provided that, in such case, the applicant shall continue to be a subsidiary
the aforementioned net worth threshold. of such holding company until such time the applicant meets the
aforementioned net worth threshold.
Kindly note that all other details remain as it is as mentioned in the Tender Documents.
(Vivek Kumar Bajpai)
Administering Authority
Tel. No. 011-23384741
Email: aa-mom@gov.in
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