Industrial All Risk Insurance Policy for 702.86 MW CCPP and 5 MW Solar Power Plant, Standalone Terrorism Insurance Policy, Standard Fire & Special Perils Insurance Policy, Public Liability Act Insurance Policy, Commercial General Liability Insurance Policy, Marine open policy for Inland transit, Marine Open Policy for Import/export, Money Insurance Policy, Electronic Equipment Insurance policy, All Risk insurance policy for Portable Electronic Equipment, Directors & Officers Liability Insurance policy, Workmen Compensation Insurance policy, Burglary-Floater Insurance policy, Fidelity Guarantee (Floater) Insurance policy and Commercial Crime Policy.

 All the relevant documents as per requirement of the Technical Bid document must be

submitted physically in sealed cover so that the same is received in this office on OR

before the due date and time.

 BIDDERs are requested to submit price – BID on-line ONLY and not to submit the

price BID in physical form. Only on-line submitted price BID will be considered for

evaluation. Format for online price bid is at Annexure A to D of Volume II of this tender

 The tentative timetable for the bid process is as follows:

Schedule of Dates

Last date of online submission of e-Tender

Submission of only Technical Bid documents with

supporting documents Physically to GPPC office at

If any of the dates mentioned above is declared a public holiday, the deadline will be the

next working day.

Condition for nprocure :

Digital Certificate:

Bidders who wish to participate in this E-Tender will have to procure valid digital

certificate as per Information Technology Act,

Bidder may contact M/s (n) code Solutions - A division of GNFC Ltd., Ahmedabad

for assistance at following address:

M/s. (n) code Solutions - A division of GNFC Ltd.

301, GNFC Info tower, S. G. Road, Bodakdev, Ahmedabad-380

Email: [email protected]

TOLL FREE NUMBER: 1-800-419-4632

Bidders who already have a valid Digital Certificate need not procure a new Digital

In case bidder needs any clarification/assistance or if any training required for

participating in online tender, they can contact the following office.

M/s. (n) code Solutions - A division of GNFC Ltd.

301, GNFC Info tower, S. G. Road, Bodakdev, Ahmedabad-380

Email: [email protected]

TOLL FREE NUMBER: 1-800-419-4632

I. The Physical Technical Bid to be submitted shall be addressed to GSPC

Pipavav Power Company Limited, FF Shed Nos. A/78/3-8, Besides Patni

computers (iGATE), Sector 25, GIDC Electronic Estate, Dist. Gandhinagar –

382016, Gujarat

II. The bidder must fill up all the Annexures and furnish all the required

information as per the instructions given in various sections of the tender

specifications.

Evaluation Criteria

Both Technical & Price bids will be evaluated as under.

a) All bidders must meet the Technical Criteria Specified in the bid

b) Price bids for plant will be ranked from lowest to highest

Volume – 1 Technical Bid.

1. Important Tender Conditions:

a. The selected Insurers must be licensed by IRDA as General Insurer (Please

provide copy of IRDA License issued to your company).

b. The selected insurers should have adequate Technical Experience & Financial

Capability to service insurance policies of Gas Based Combined Cycle Power

Plants. A list of such Policies being serviced may be provided. (Please attach latest

annual report and provide details as per Annexure 1)

c. The solvency margin of the company should be as per IRDA guidelines

except for Government insurance companies. (Please provide details as per

d. The Bidder must have Reinsurance arrangements with all Reinsurers having

minimum rating of “A” or “A-“ (of A.M. BEST) (Please provide details as per

e. The rates should be quoted exclusive of GST. No subsequent increase in

premium rates will be allowed under any circumstances.

f. The premium quoted by the Insurer will be considered as Full and Final Premium

to be paid by GPPC for the coverage sought in this bid. No subsequent increase

in premium rates will be allowed under any circumstances. (Please provide details

as per Annexure 4)

g. There must not be any breach of underwriting guideline as approved by the

Board/Committee of Insurance Co and filed with insurance Regulating authority

or any applicable law while making an offer. An undertaking to this effect may be

submitted as per Annexure

h. Apart from the insurance quote, you are also requested to offer the terms with

regard to your servicing, claim handling, value addition etc. if any. (format as per

i. GPPC also reserve the right to choose the Leader & Co-Insurer (s) as also

percentage sharing. GPPC reserves full right to divide the business between

underwriters as it deems fit.

j. GPPC reserves right to reject any tender/bid/offer without assigning any reason.

k. Copy of technical bid duly signed and stamped on all pages shall be submitted as

a mark of acceptance of all terms and conditions.

l. Detailed calculations for pricing/premium quoted shall be submitted as a part of

m. Clearly indicate Bid Participation / Capacity in the technical bid. Bid indicating

participation / capacity less than 60% shall not be accepted. However, the bidder

shall have to accept the sharing pattern as may be decided by GPPC at its sole

n. The offers/rates are required to be submitted in the form of Hard/Soft copy i.e.

Excel Sheet with proper links and discounts shall be submitted to GPPC as and

when requested.

o. The offer submitted by insurers should be valid for three months. In case GPPC

call the bidders for negotiations, such negotiations shall not amount to cancellation

or withdrawal of the original offer, which shall be binding on the bidders unless

otherwise agreed upon.

p. The quote for D & O policy must be accompanied by wording of the policy and all

extension endorsements. Quotes without appropriate wording shall be liable for

q. Insurers must quote for War Risk Buy Back cover for Limit / Sum Insured of

Rs.250 Cr. under Stand Alone Terrorism Policy. Premium for Stand Alone

Terrorism and War Buy-back cover must be separately mentioned in the quote.

r. This tender is a zero-deviation tender meaning that GPPC desires to have

coverage as requested in RFQ. However, if any insurer is deviating from the

scope of cover defined hereunder, the same may please be mentioned in the

Deviation Statement as per Annexure

s. Insurers may please note that GPPC has not engaged any intermediary like

agent or broker. Discount, if any, on this account may be passed over to GPPC.

Please furnish undertaking as per Annexure

t. Insurers will agree to following panel of surveyors. No other surveyors will be

appointed by insurers :

1. M/s. Mehta & Padamsey Insurance Surveyors Pvt. Ltd.

2. M/s. Bhatawadekar & Company

3. M/s. Proclaim Insurance Surveyors

u. THE PREMIUM AMOUNT WITH SPECIFIED ADD ON COVERS MUST BE

FURNISHED WITH THE PRICE BID only IN THE FORMAT ANNEXURE-A TO

D (OF VOLUME –II) ONLY. ANY MENTION OF PRICE IN ANY FORM IN THE

TECHNICAL BID WILL RESULT IN REJECTION OF THE BID. Non-submission

of information may invite disqualification and entitle GPPC to interpret the amount

quoted in the manner it deems fit.

v. Insurer must mention separately claim loading, if any, in the premium calculation.

w. Non-OEM Clause :

It is further noted and agreed that in the event of physical loss or damage to the

property insured hereunder the insured, at their sole discretion, shall have the

option to accept repair or replacement terms as offered by the Original Equipment

Manufacturer (OEM) regardless of any other terms offered from other suppliers,

manufacturers or fabricators. Provided always that the difference between the

OEM quote and the lowest quote doesn't exceed 25% of the lowest quote and

quotes are based on the same technological specifications.

Notwithstanding anything to the contrary above, insured will have the option to go

for repair/replacement from reputed non-OEM subject to quotes are based on the

same technological specifications.

x. The Technical Bid completed in all respects shall be submitted in sealed

envelopes super scribing “Technical Bid” on it, not later than 6.00 hrs on

18/03/2026 at the office of Chief Financial Officer, GPPC, Gandhinagar at the

below address. Please note that Technical bid cover should not contain any price

related information. If such violation is found, such bids will be summarily rejected.

Copy of technical bid duly signed and stamped on all pages shall be submitted as

a mark of acceptance of all terms and conditions. Detailed calculations for

pricing/premium quoted shall be submitted as and when required by GPPC.

y. The current values mentioned in the tender are based on the valuation report of

M/s.Proclaim Insurance Surveyors & Loss Assessors Pvt.Ltd.

Address for communication:

Chief Finance Officer

GSPC Pipavav Power Co. Ltd.

FF Shed Nos.a/78/3-8, Besides Patni computers (iGATE),

Sector 25, GIDC Electronic Estate,

Dist. Gandhinagar – 382016, Gujarat

2. Details of coverage required: -

REQUEST FOR QUOTE – INDUSTRIAL ALL RISKS (IAR) Policy of 702.86 MW CCPP

Name of Insured : M/s. GSPC Pipavav Power Company Limited

Correspondence : 2nd Floor, Besides Patni Computers (iGATE), FF Shed Nos. A/78/3-8,

Address GIDC Electronic Estate, Sector 25, Gandhinagar.

Occupation / Business : 702.86 MW Gas based Combined Cycle Power Plant

Units Capacity Commissioning Date

First Unit 351.43 MW 12th April

Second Unit 351.43 MW 5th February

Total 702.86 MW

Location of Risk : Power Plant Premises located at:

Village: Kovaya, Taluka: Rajula

District: Amreli -

State: Gujarat, India

Including property lying outside plant premises:

Seawater pipelines coming to plant from sea and effluent water

pipelines going from plant into sea and related foundation/anchoring

Period of Insurance : 12.04.2026 to 11.04.2027

Description of Property to be insured and Sum Insured

Section I – Material Damage

Description Total Sum Insured for

both Unit I & Unit II

Buildings incl. Plinth & Foundations, chain link fencings, any

other structures & civil works etc.

Plant & Machinery incl. piping & cabling, foundation,

accessories, electric`al installations, including Capital

Spares, FFF & Office Equipment incl. Computer Systems,

Peripherals etc

Stocks of Stores, Spares & Consumables, fuels, all other

stocks pertaining to the insured’s trade, including Stocks

held in trust etc., whilst located anywhere in the plant

premises incl. in open.

Seawater Intake & Effluent discharge pipeline (sub-sea)

buried 4 mtrs. Under seabed.

Earthquake (Fire & Shock)

Machinery Breakdown

Plant & Machinery incl. foundation, accessories, electrical

installations etc.

Fire Loss of Profit

Estimated Annual Gross Profit

Indemnity Period 12 Months

Basis Output Basis

Process: Batch / Cont. Continuous

Machinery Loss of Profit

Estimated Annual Gross Profit

Indemnity Period 12 Months

Basis Output Basis

Process: Batch / Cont. Continuous

Section I – Material Damage

Sr. Cover SI / Limit

1. Earthquake (Fire & Shock) TSI

3. Escalation clause 5% of BMA Sum Insured

4. Omission to insure additions, alterations or extensions etc. 5% of BMA Sum Insured

5. Removal of Debris (in excess of 1% of claim amount) INR 5 Crore

6. Architect, Surveyors & Consulting Engineers Fees (In INR 5 Crore

7. Involuntary Betterment/Technological INR 5 Crore

Advancements/Obsolete Equipment Clause

8. Start-up & Shut-down Exp. INR 20 Crore

9. Fire Fighting Expenses At actual

10. Loss minimization expenses INR 5 Crore

11. Minor Work INR 50 Crore

12. Expediting expenses INR 5 Crore

13. Immediate repairs INR 5 Crore

14. Impact Damage FULL Sum Insured

15. Preparation of Lost records/Computer Records, Valuable INR 5 Crore

Papers/Plans & Records Clause/Cost of Re-writing records

16. Additional Customs Duty INR 5 Crore

17. Demolition and Increased Cost of Construction INR 5 Crore

18. Property in Course of Construction/Erection INR 5 Crore

19. Undamaged Foundations INR 5 Crore

20. Obsolete Spare Parts INR 5 Crore

21. Sprinkler Up-Grading Costs INR 5 Crore

22. Deliberate Damage INR 5 Crore

23. Temporary Removal of Property / Stocks Clause INR 5 Crore

Section II – Business Interruption cover

1. Supplier Extension 20% of BI SI

Premises & pipeline network of gas suppliers and

transporters: Gujarat State Petroleum Corporation Ltd.

(GSPC) for supply of gas and Gujarat State Petronet

Limited (GSPL) for transportation of gas

2. Customer Extension 20% of BI SI

GUVNL / PGVCL/GETCO Substations at 1) Savarkundla,

Dist. Amreli, 2) Mahuva, Dist. Bhavnagar and 3) Amreli,

Dist. Amreli and transmission lines from GPPC power plant

to the substations

3. Denial of Access 20% of BI SI

4. Utility Extension 17% of BI SI

Public Utility Extension – Electricity from GUVNL / GETCO

Clauses : Section I – Material Damage

1. Earthquake (Fire & Shock) & STFI Cover

2. Agreed Bank Clause – As per list provided

3. Designation of Property

4. Local Authorities Clause

5. Architects, Surveyors & Consulting Engineers Fees Clause

(in excess of 3% of the claim amount)

6. Removal of Debris (in excess of 1% of the claim amount)

7. Omission to Insure additions, alterations or extensions etc.

8. Start-up and Shut-down expanses

9. 72 Hours Clause

10. On Account Payment Clause

11. Goods held in trust

12. Automatic Reinstatement Clause

13. Fire Fighting Expenses

14. Loss Minimization Expenses

15. Reinstatement Value Clause

16. Minor Work clause

17. Expediting expenses

18. Immediate repairs

19. Capital addition clause up to 10% of sum insured

20. Nominated Loss Adjuster Clause :

1. M/s. Mehta & Padamsey Insurance Surveyors Pvt.Ltd.

2. M/s. Bhatawadekar & Company

3. M/s. Proclaim Insurance Surveyors

21 Escalation clause

22 Impact damage clause

23 Involuntary Betterment clause

Section II – Business Interruption

1. Supplier Extension Clause

2. Customer Extension Clause

3. Public Utility Extension Clause

4. Departmental Clause

5. Alternative Basis Clause

6. Auditor's Fees and Claim preparation expenses up to INR

7. Sum Insured Adjustment Clause

8. Fixed Cost reimbursement as per endorsement.

9. Denial of Access

10. Local Authority Clause

11. Additional Increased cost of working

Basis of Sum Insured : Reinstatement Value Basis

Deductible / : Material Damage Claims :

Time Excess 5% of claim amount subject to a minimum of Rs.1.25 Crores.

Business Interruption:

FLOP - 30 Days of Standard Gross Profit

MLOP – 45 Days of Standard Gross Profit

Claim Experience: : Year Premium (Ex.

GST) Claim experience for last 5 years

TOTAL 23,72,17,712 12.50 Cr. (Outstanding)

Risk Assessment : The soft copy of Risk Inspection report of the Power Plants prepared

Report copy attached by M/s Unison Insurance Broking Services Pvt. Ltd in January

after risk assessment study conducted by them is being emailed to you

Special Condition 1. Midterm enhancement/reduction of PD & BI sum insured shall be

allowed during the policy period with same rate, terms and conditions

on payment of premium on prorate basis. Same will be applicable for

extension of the policy beyond 12 months.

2. BI loss during “No Demand” period

If the plant is available for generation but is not operational only

because of “No Demand” from GUVNL/Procurer (referred in

subsequent places as purchaser) GPPC receives Fixed Cost from the

Notwithstanding to anything to the contrary mentioned elsewhere in the

policy it is agreed that in case of an indemnifiable loss to the property

during the above mentioned period the Fixed cost which the insured

would have otherwise received from Purchaser had the loss not

occurred would form part of the BI claim.

Name of Financial 1. Working capital limit : Punjab National Bank

REQUEST FOR QUOTE - STANDALONE TERRORISM POLICY

(Including War risk Buy Back)

Sr. Particulars Descriptions

1 Name of the Insured M/s . GSPC Pipavav Power Company Limited

2 Correspondence 2nd Floor , Besides Patni Computers (iGATE),

Address FF Shed Nos. A/78/3-8, GIDC Electronic Estate,

Sector 25, Gandhinagar.

3 Location of Risk Power Plant Premises located at:

Village: Kovaya, Taluka: Rajula

District: Amreli -

State: Gujarat, India

Including property lying outside plant premises:

Seawater pipelines coming to plant from sea and effluent water

pipelines going from plant into sea and related foundation/anchoring

4 Insured’s Trade or Power Generation - 351.43 MW X 2 = Total 702.86 MW Gas based

Business Combined Cycle Power Plant

5 Period of Insurance 12.04.2026 to 11.04.2027

6 Details of property

insured and sum

insured details Description Total Sum

Insured for both

Unit I & Unit II

Buildings incl. Plinth & Foundations, chain

link fencings, internal roads, any other

structures & civil works etc.

Plant & Machinery incl. piping & cabling,

foundation, accessories, electrical

installations, FFF & Office Equipments incl.

Computer Systems, Peripherals etc

Stocks of Stores, Spares & Consumables,

fuels, all other stocks pertaining to the

insured’s trade, including Stocks held in

trust etc., whilst located anywhere in the

plant premises incl. in open.

Seawater Intake & Effluent discharge

pipeline (sub-sea) buried 4 mtrs. Under

Site Office, Guest House & Gandhinagar

Office including contents cover under SFSP

Total Sum Insured-MD

Total Sum Insured -Business

(Indemnity period – 12 months) Output

Total (MD + BI) Sum Insured

Section – 1 : Material Damage

7 Limit of Indemnity for INR 2050,00,00,000 each occurrence and in the aggregate

8 Limit of Indemnity for INR 250,00,00,000/-

9 Deductible Property Damage : INR 25,00,000/- each and every occurrence

under the MD section

Business Interruption : 3 days of each occurrence

10 Details of Security  Security guards are available round the clock at site –

arrangements around 47 nos.

 Plant is surrounded by Brick Compound wall / barbed

 Security posts are provided at gates and other strategic

 Unauthorized entry is strictly restricted.

 Watch towers and high mast towers provided at strategic

 Plant is located on sea coast. There is also patrolling by

Marine Police / Coast Guard.

 CCTV Cameras installed inside the plant for internal security

Stand Alone Terrorism Cover Proposal Form

A. INFORMATION ABOUT THE APPLICANT

1. Proposer Company Name: M/s. GSPC Pipavav Power Co. Ltd.

2. Do you wish to insure the

subsidiaries? Yes/No

3. If the answer to 2. Above is

Yes, name of the subsidiaries

4. Office Address: 2nd Floor, Besides Patni Computers (Igate),

(Address for Correspondence) FF Shed Nos. A/78/3-8,

GIDC Electronic Estate, Sector

Gandhinagar 382016, Gujarat India

5. Ownership of the Company Government

(e.g. public, private,

government, etc.)

6. Date of Commencement of 702.86 MW Gas based Combined Cycle Power Plant

Units Capacity Commissioning Date*

First Unit 351.43 MW 12th April

Second Unit 351.43 MW 5th February

Total 702.86 MW

7. Description of Applicant’s Gas based Combined Cycle Power Plant, Solar Plant and Gas

business operations: trading.

(Industrial, Commercial,

Residential etc.) Provide

details (Nature of business)

8. Is Business Interruption Yes

cover required?

9. Insured Values

Physical Assets and Business Interruption Information

Insured Location Property Damage Business Total Sum

Sum Insured Interruption Insured

Address Pin Value of Value of

Code Building Contents

including including

Site Gandhinagar

GSPC office, Office

Co. Ltd. 351.43 x 365541 INR INR INR 170 INR

2 total 149.82 3,537.13 Crores

702.86 Crores Crores Crores

702.86 MW Gas based Combined Cycle Power Plant

Units Capacity Commissioning Date*

First Unit 351.43 MW 12th April

Second Unit 351.43 MW 5th February

Total 702.86 MW

Power Plant Premises located at:

Village: Kovaya, Taluka: Rajula

District: Amreli -

State: Gujarat, India

Including property lying outside plant premises:

Seawater pipelines coming to plant from sea and effluent water pipelines going from plant into

sea and related foundation/anchoring structure.

Property Damage : INR 3,686.95 Crores

Business Interruption : INR 170.00 Crores

Total : INR 3,856.95 Crores

Property Damage : INR 25,00,000/-

10. Deductible each occurrence

Business Interruption : First 3 days

each ouccrrence

11. Period of Insurance 12.04.2026 to 11.04.2027

12. BI Indemnity Period (in months) 12 Months

13. Limit of Cover proposed (in INR Crores) INR 2,050 Crores

14. Limit of cover for War Risk Buy Back INR 250.00 Cr.

15. Security Management Please find attached Risk

Assessment Report conducted by

M/s. Unison Insurance Broking

Services Pvt. Ltd.

REQUEST FOR QUOTE – INDUSTRIAL ALL RISKS POLICY for 5MW Solar Project

Name of Insured : M/s. GSPC Pipavav Power Company Limited

Correspondence Address : 2nd Floor , Besides Patni Computers (iGATE),

FF Shed Nos. A/78/3-8, GIDC Electronic Estate,

Sector 25, Gandhinagar -

Occupation / Business : 5 MW Solar Power Plant

Location of Risk : Power Plant Premises located at:

5 MW Solar Power Plant in the Solar Park of Gujarat at

Village: Charnka, Taluka: Santalpur,

District: Patan, Gujarat, India

Period of Insurance : 12.04.2026 to 11.04.2027

Description of Property : 5 MW Solar Power Plant including but not limited to

to be insured - Buildings incl. plinth & foundation, compound walls / chain

link fencings, internal roads if any, any other structures &

civil works etc.

- Plant & Machinery incl. internal transmission line within the

plant premises, accessories, foundation, electrical

installations, furniture, fixtures, fittings, office Equipment

incl. Computer Systems, Peripherals etc

- Stocks of Stores, Spares & Consumables, all other stocks

pertaining to the insured’s trade, including Stocks held in

trust etc., whilst located anywhere in the plant premises

Material Damage Section : All Risks - INR 24,73,03,510 (Including Building & P&M)

Sum Insured Machinery Breakdown – INR

Basis of Sum Insured Reinstatement Value Basis

Add-on Covers to Material : 1. Earthquake (Fire & Shock) - TSI

Damage Section 2. STFI cover – TSI

3. Omission to Insure additions, alterations, extns. etc – 5% of

4. Escalation – 5% of BMA SI

5. Removal of Debris (in excess of 1% of claim amount) – INR

6. Fire Fighting expenses – At Actual e.e.l.

7. Loss Minimization expenses – INR 5 Crore.

8. Minor Works – INR 5 Crore

9. Expediting expenses – INR 5 Crore

10. Immediate repairs – INR 5 Crore

11. Property in Course of Construction/Erection – INR 5 Crore

12. Obsolete Spare Parts – INR 5 Crore

13. Temporary Removal of Property / Stocks Clause – INR

14. Deliberate Damage – INR 5 Crore

15. Architect Surveyors & Consulting Enggr.Fees – INR

16. Start up expense – INR 5 Crore

17. Nominated Loss Adjuster Clause:

 M/s. Mehta & Padamsey Insurance Surveyors Pvt.Ltd.

 M/s. Bhataweadekar & Company Insurance Surveyors

 M/s. Proclaim Insurance Surveyors

FLOP & MLOP Section : Sum Insured: INR

Basis : Output basis

Indemnity Period : 12 months

Add-on Covers to FLOP 1. Customer extension to cover GETCO substation – 20% of

Section BI Sum Insured

2. Denial of Access – 20% of BI Sum Insured.

3. Supplier Extension Clause – 20% of BI Sum Insured

4. Public Utility Extension – 17% of BI Sum Insured

5. Claim Preparation Cost incl. Auditor Fees Clause

6. Additional Increased Cost of Working

7. Interdependency Cover

8. Departmental Clause

9. Accumulated Stock Clause

10. Sum insured adjustment clause

11. Alternative Basis Clause

12. Additional Increased Cost of Working

Terrorism Cover TSI : INR

Third Party Liability : INR 2 Crore

Clauses : Material Damage Section:

1. Earthquake (Fire & Shock) & STFI Cover

2. Reinstatement Value Clause

3. Agreed Bank Clause

4. Designation of Property

5. Local Authorities Clause

6. Removal of Debris (in excess of 1% of the claim amount)

7. Architects, Surveyors & Consulting Engineers Fees Clause

(in excess of 3% of the claim amount)

8. Omission to Insure additions, alterations or extensions etc.

9. 72 hours clause

10. Goods held in trust clause

11. On Account Payment clause

12. Automatic Reinstatement Clause

13. Loss Minimization Expenses clause

14. Fire Fighting Expenses clause

15. Minor works clause

16. Expediting Expenses clause

17. Immediate Repairs clause

18. Terrorism risk inclusion clause

1. Customer extension – 20% of BI Sum Insured

2. Supplier extension – 20% of BI Sum Insured

3. Public Utility extension – 17% of BI Sum Insured

4. Denial of Access – 20% of BI Sum Insured

Deductible / Time Excess : Policies having Sum Insured upto INR 100 Cr per location for PD &

Material Damage - 5% of claim amount subject to a min. of 5 Lacs

Business Interruption (FLOP)- 7 days of Standard Gross Profit

Claim Experience : 2025-26 – NIL

REQUEST FOR QUOTE – Standard Fire & Special Perils Policy / Laghu Udhyam

Insured Name M/s. GSPC Pipavav Power Co. Ltd.

Mailing Address 2nd Floor, Besides Patni Computers (iGATE),

FF Shed Nos.A/78/3-8, GIDC Electronic Estate.

Sector 25, Gandhinagar-382

1. Power Project premises including guesthouse at

Vill. Kovaya, Tal. Rajula, Dist. Amreli, Gujarat

2. H.O.–2nd Floor, FF Shed no.A/78/3-8, GIDC Estate, Gandhinagar.

Period of Insurance 12.04.2026 to 11.04.2027

Description of Property Non factory Buildings including plinth & foundation including Internal Roads,

Insured Boundary Walls, Site Office, RO Plant incl. Plant & Machinery, Guest house,

MS Gate, Hostel Building, Watch towers, Security cabins, Office Equipment,

Computers, Laptops and Furniture/Fixture/Fittings and any other items

pertaining to the Insured.

Particulars Sum Insured Rs.

Building incl Plinth & foundation, internal roads,

boundary walls, site office, Hostel Bldg, RO Plant

and all other civil structures pertaining to Insured

Sum Insured (Rs.)

Office Equpts incl computers and laptops, FFF etc.

(Gandhinagar & Site Office & Guest House)

Total Sum Insured

Basis of Sum Insured Reinstatement Value Basis

Cover required Standard Fire & Special Perils Policy including EQ, STFI & Terrorism

Clauses - Earthquake (Fire & Shock) Clause

- STFI cover inclusion

- Terrorism inclusion

- Reinstatement value clause

- Designation of Property clause

- Local authority clause

- Removal of debris clause (2% of claim amount)

- Architect, Surveyor and Consulting engineer’s Fees clause (5% of claim

- Held in trust clause

- Fire Fighting clause

- Agreed Bank Clause

Excess 5% of each & every claim subject to min. Rs. 10,000/-

CLAIM EXPERINCE 2025-26- NIL

REQUEST FOR QUOTE – Public Liability Insurance Act Policy

Sr. Particulars Description Sum Insured

1 Name of the M/s. GSPC Pipavav Power Company Limited

2 Correspondence 2nd Floor , Besides Patni Computers (iGATE),

Address FF Shed Nos. A/78/3-8, GIDC Electronic Estate,

Sector 25, Gandhinagar.

3 Manufacturing Manufacturing Premises

plants  351.43 MW X 2 = Total 702.86 MW Gas

based Combined Cycle Power Plants Village:

Kovaya, Taluka: Rajula, District: Amreli -

365541, State: Gujarat, India

 5 MW Solar Power Plant Premises located at:

Village: Charnka, Taluka: Santalpur, District:

Patan, Gujarat, India

Power Generation - 351.43 MW X 2 = Total

4 Business 702.86 MW Gas based Combined Cycle Power

Plant and 5 MW Solar Power Plant. May also

engage in gas trading.

5 Locations of risks 1. Power Plant Premises located at:

Village: Kovaya, Taluka: Rajula

District: Amreli -

State: Gujarat, India

Including property lying outside plant

Premises such as Seawater pipelines

coming to plant from sea and effluent

pipelines going from plant into sea and

related foundation/anchoring structure.

2. 5 MW Solar Power Plant Premises

Village: Charnka, Taluka: Santalpur,

District: Patan, Gujarat, India.

2nd Floor , Besides Patni Computers

(iGATE), FF Shed Nos. A/78/3-8, GIDC

Electronic Estate, Sector

Gandhinagar-382016

6 Type of Policy Public Liability Insurance Act Policy

7 Paid up Capital of Rs. 86,184.05 lakhs

8 Estimated turnover

during 12 months Rs. 485 Cr

9 Limits of Indemnity Any One Accident - being Max. as per PLI Act Rs. 250.00 Crs.

Any One Year being Maximum per PLI Act Rs.500.00 Crs.

10 Risk to be covered As per Public Liability Insurance Act,

11 Policy Period 12.04.2026 to 11.04.2027

REQUEST FOR QUOTE – COMMERCIAL GENERAL LIABILITY Policy

NAME OF INSURED: M/s. GSPC Pipavav Power Company Limited

2nd Floor , Besides Patni Computers (iGATE),

ADDRESS: FF Shed Nos. A/78/3-8, GIDC Electronic Estate,

Sector 25, Gandhinagar.

POLICY PERIOD: 12.04.2026 to 11.04.2027

POLICY FORM Claims Made Basis

RETROACTIVE DATE: 1.4.2013

NATURE OF BUSINESS: Power Generation & gas trading.

Estimated Turnover for next

Coverage A Bodily injury (fatal/non-fatal), disease and

damage to property of third parties due to

various business exposures such as those

arising from Premises, Products and

Complete Operations.

All costs, fees and expenses incurred in the

defence and settlement of any claim against

the Insured, legal liability for damages to

the third parties in respect of accidental

COVER REQUIRED: death, bodily injury or disease or loss or

damage to property arising from the

Insured’s performance of activities in the

course of business applicable to claims first

made against the Insured during the policy

Coverage C Medical Payments

Coverage D Fire Damage

LIMIT OF LIABILITY: INR 50,00,00,000 Crore Each Claim and in Aggregate

TERRITORY/ JURISDICTION: Worldwide including USA/Canada

CLAIMS INFORMATION: NIL Claim

As per terms and conditions, extensions and exclusions of

the standard Commercial General Liability Policy Form

including but not limited to the following Extensions/

EXTENSIONS / CLAUSE: Endorsements:

 Defense cost to be included within the limit of

 Premises & Products/Completed Operations

Power Generation

 Power Plant site at Village: Kovaya, Taluka:

Rajula, District: Amreli - 365541, State: Gujarat.

 5 MW Solar Power Plant Premises located at:

Village: Charnka, Taluka: Santalpur,

District: Patan, Gujarat.

Gandhinagar Office at 2nd Floor, FF Shed

no.A/78/3-8, GIDC Estate, Gandhinagar

 Fire Damage Extension Clause

 Medical Payments Extension Clause

 Terrorism Legal Liability (India Only): Full Limits

 Property under Care, Custody and Control Cover

 Travelling Business Executives Worldwide Cover

 Non Owned and Hired Automobile Liability Cover

(Worldwide Cover)

 72 Hours Sudden and Accidental Pollution Cover:

 Vendor Extension on an unnamed Basis

 Technical Collaboration Cover

 Incidental Medical Malpractices Cover

 Cross Liability

 Coverage for Alterations, fit outs and minor civil

work by the insured within the Insured premises.

 Policy covers Insured’s participation in the

Events/Exhibitions

 Personal and Advertising Injury

 Transportation liability Cover

 Vicarious Liability for injuries to leased/ sub

contracted workers/ employees

 Additional Insured; where required by a written

 Waiver of Subrogation; where required by written

 Definition of BI – to include mental anguish, shock

or emotional distress

 Newly Acquired Entity to be covered - 180 days

 Contractors and sub-contractors extension

 Mitigation Expenses

 Tenant’s Legal liability

 Valet parking

 Claim Series Clause

 Extended Reporting period – Free for 90 days

 Non Cancellation Clause – The policy should be

non-cancellable except in case of non-payment of

 Effluent discharge for 15 kms from the plant

 Policy to be primary & Non Contributory

UNDWERITING INFORMATION: Proposal form

Commercial General Liability Application for Insurance

This proposal for insurance will be the basis of any subsequent insurance policy

that we issue to you. It is essential that you answer fully and accurately all of the

questions contained in this proposal, and that you provide us with any and all

additional information relevant to the risk to be insured or our decision as to the

acceptance of the risk or the terms upon which it should be accepted. Your failure

to comply with this obligation now may result in the rejection of your claim and the

avoidance of your policy when a claim is made. If you are in any doubt about the

information to be given, please seek the advice and guidance of your insurance

advisor or agent. Liability of the company does not commence until the proposal

has been accepted and the premium has been received in accordance with the

provisions of section 64VB of the insurance act,

1. Proposers desiring only Public Liability coverage are not required to fill

2. Proposers desiring only Product Liability coverage are not required to

fill Section III.

3. Proposers not desiring extensions under Section V and VI are not

required to fill those Sections.

4. Some sections of the application will not apply to you. Please mark Not

Applicable (N/A) where this is the case.

5. Please attach a separate sheet if space indicated in the proposal from is

Name of the Intermediary:

Section I: General Information

1. Name & Registered Address of the Insured (including names of all subsidiaries or

affiliated companies to be insured): GSPC Pipavav Power Co. Ltd.

FF Shed Nos.A/78/3-8,GIDC Electronic Estate,

Nr. Patni Computers (iGATE), Sector

Gandhinagar 382016, Gujarat India

2. Website Address: www.gspcgroup.com

3. Please describe your business operations and activities: Generation of

Electricity/power from Natural gas / Solar power and may engage in Power & gas

4. Length of time in business: Since 15.6.2006

5. Does Insured have a subsidiary, affiliate or representative in the USA? If yes, please

provide Name and Addresses of such affiliation: No

6. Name and Registered Address of Additional Insured, if any: Nil

Section II: Insurance Requirement

1. Form: [ √] Claims Made [ ] Occurrence Based

2. Limits of Insurance (Amount in Indian Rupees):

Limit of Liability Any One In the

Event Aggregate

General Aggregate Premises and Operations INR INR

Transportation Liability

Products/Completed Operations Limit

Employers Liability

Automobiles Liability (Non Owned/Hired) Extension

3. Policy Period: 12.04.2026 to 11.04.2027

4. Retrodate (only for Claims Made Form): 1.4.2013

5. Territory: [√ ] India [ ] Worldwide excluding USA and Canada [ ] Worldwide including

6. Jurisdiction: [ ] India [ ] Worldwide excluding USA and Canada [√ ] Worldwide

including USA and Canada

Section III: General Liability

A. Premises and Operations:

1. Please give full description of activities for which cover is required: Power Plants at

Kovaya-Amreli District, Solar Power Plant at Charnka, Pathan District and Office

premises at Gandhinagar.

2. List all premises to be insured in India and overseas:

Location Manufacturing Units Warehouses/Godowns/Shops/De

pots/Tank Farms/Offices

No. of Nature of Risk No. of Nature of Risk

locations locations

India 1 Power Plants 1 Office

3. Please quantify annual sales turnover of last three years (Amount in Indian Rupees):

Year Premises Transportation*

Projected (26-27) 485 Cr.

Current (25-26) 225 Cr.

Last Year (24-25) 720 Cr

*Pls provide the particulars and mode of transportation of such materials:

4. Please describe in brief surrounding areas and third party property within an

approximate radius of 2 kms from each manufacturing unit: As per Risk inspection

Manufacturing Industrial Agricultural Residential Others

Unit Area Area Area

6. Please attach Lay-Out Plans and Risk Inspection Report of the manufacturing units

proposed for Insurance: As per Risk inspection report

7. Do you handle or use gases, pressure-storage, explosive, hazardous substances,

asbestos, toxic, radioactive materials and hydrocarbons? If so, please give details of

their quantity, storage, handling and precautions taken: As per risk inspection report

8. Is there a programme for the prevention of fire, explosion incidents? If so, pls indicate:

(a). Type of detection and alarm system: As per risk inspection report

(b). Availability of service organisation in case of such incidents (fire brigade, specialists

in environmental protection and toxicology): As per risk inspection report

(c). Provisions made for supply of energy, water etc. in an emergency: As per risk

inspection report

9. Will you, or your employees, handle or come into contact with any industrial dust of know

harmful nature (e.g. asbestos, silica, cotton), radioactive materials, or any other

substance harmful to health? Nil

10. Extensions required:

(a). Act of God Perils Extension (viz., Earthquake, Storm, Typhoon, Flood and

Inundation etc.): Yes

(b). 72 Hrs Sudden and Accidental Pollution Extension: Yes

(c). Effluent Discharge Extension: Yes

(i). If yes, what is the length of pipeline from the compound wall of your premises

to the disposal point? As per risk inspection report

B. Travel of Executives:

1. Number of Employees that Travel Overseas Annually: nil

2. Number of travel days per year: nil

3. Purpose of trips: nil

4. Overseas Travel Destinations: nil

C. Advertising Information:

1. What percentage of your annual sales is derived directly from your web site?

2. Do you use comparative advertising in your advertisements? If "Yes", was an

independent organization consulted on how such comparisons were made?

3. Is music used in your advertisements? If "Yes", were all the rights secured prior to

4. Is the likeness of famous people used in your advertisements?

5. Have you ever been sued, or have you sued another, for copyright or trademark

6. Besides the information related to your goods, products or services, do you produce

any other publications for external use?

Section IV: Product Liability

Please attach a product brochure or literature or labels or warnings etc. with this form

A. Products / Completed Operations:

1. Please provide a specific description of products manufactured or supplied:

Electricity/Power

2. Please furnish details of products to be considered for insurance:

Products Principal Annual Units End Usage/ Expected Life of

Components Produced Intended Customer the Product

3. Please quantify annual sales turnover of last three years (Amount in Indian Rupees):

Year USA/Canada/Australia UK/Europe Rest of the India

Projected 485 Cr.

Current 225 Cr.

Last Year 720 Cr

4. Do you provide any services or treatment other than sale of products? If yes, pls

describe the nature of services and estimated annual turnover: Nil

5. Please furnish particulars of new products to be marketed during the next 12 months:

6. How long have you been exporting to these countries? N.A.

(a). USA and Canada:

(b). UK/Europe:

(c). Rest of the World:

7. Do you manufacture the complete product? If not, what components/parts are

purchased by you?

8. Do you have Research & Development department or Technical Know-

how/Collaboration?

9. Do you retain rights of recovery against manufacturers?

10. Please specify any products, which are inflammable/explosive, dangerous, radioactive,

and harmful to health, poisonous by themselves or any combination with others. If so,

please give full details and state what precautions are taken.

11. Please furnish details and list of products discontinued or recalled or withdrawn during

the last five years.

12. Have your products ever been subject to any enquiry or investigation by any

Government agency, concerning the efficiency/adequacy or labelling, hazardous

contents or safety? If so, please give full details.

13. Are any products manufactured and sold under someone else’s label or trademark? If

yes, please give full details.

14. Does the Insured’s contract of sale agree to hold distributors harmless?

15. Does the Insured require the name of vendor to be included as a Named Insured? If

yes, pls provide the name, address and list of products to be supplied to the vendor:

16. Does the vendor undertake final preparation of product?

B. Quality Control:

1. Give details of checks or examinations or controls including batch control and testing

carried out or effected to discover possible defects or errors in products. Pl answer

2. Do your products comply with standards like ISI or any other Standards? Pl answer

Section V: Employee details

1. Please provide projected details for the next 12 months: N.A.

Description of USA/Canada/ UK/Europe Rest of the India

Employees* Australia World

No. Wage roll No. Wage No. Wage roll No. Wage roll

Supervisory/Manua

All other employees

* Fees of working directors not to be included.

** Please specify any extra hazardous activities.

Section VI: Non-Owned and Hired Automobile Liability

1. Please provide projected details for the next 12 months: Nil

Country Estimated No. of Type Of Frequenc Duration of a

Automobiles Vehicle y of Hire Single Hire

USA/Canada/Australia

Rest of the World

Section VII: Loss Information

1. Please enter all claims or losses (regardless of fault and whether or not insured) or any

occurrences or incidents, conditions, defects, circumstances or suspected defects,

which may give rise to a claim; over the last five years under Public Liability and/or

Products Liability (Amount in Indian Rupees): NIL

Date of Description of Claim Date of Amoun Amoun Claim Status

Occurrenc Claim t Paid t

Section VII: Prior Insurance

1. Please provide details of expiring policy:

Type Insurer Limit of Premium* Deductible

NEW INDIA 250 Cr. : 500 50,75,000/- nil

Public Liability Act Cr.

Commercial NEW INDIA 50 Cr. 25,000 nil

General Liability

Product Liability Nil Nil

*Premium excluding taxes and ERF contribution.

Section VIII: Other Information (Compulsory)

1. PAN CARD Number (10 Digit Number) AACCG6179R

2. Sources of funds : Business

Salary √ Business Investments

Other (Please Specify)

Declaration (in respect of all sections)

I / We do hereby solemnly declare and state that all information given above is true

to my / our knowledge. In case such information is found at any time in future to be

false or misleading or it is found by the insurer that I / We have not disclosed any

fact which is material to the assessment of the risk, the insurance cover granted to

me / us shall be deemed to be null and void and I / We shall not be entitled to any

benefit hereunder.

I/we herby confirm that all premiums have been/will be paid from bonafide sources and no

premiums have been/will be paid out of proceeds of crime related to any of the offence

listed in Prevention of Money Laundering Act,

I understand that the Company has the right to call for documents to establish sources of

The insurance company has right to cancel the insurance contract in case I am/ have been

found guilty by any competent court of law under any of the statutes, directly or indirectly

governing the prevention of money laundering in India.

Authorised Signatory Company Stamp

Position in Your Company:

Date: / /2024 Place: Gandhinagar

REQUEST FOR QUOTE – Marine Open Policy for Inland Transit

Name of Insured M/s. GSPC Pipavav Power Co. Ltd.

ADDRESS FF shed nos. A/78/3-8, GIDC electronic estate,

Besides Patni computers (iGATE), Sector

TYPE OF POLICY Marine Open Policy

POLICY PERIOD 12.04.2026 to 11.04.2027

DESCRIPTION OF THE RISK All type of Goods including second hand/used machineries

going for repairs/calibration and coming back to GPPC

also spares and other store items.

TYPE OF RISK All Risk including SRCC with Loading & Unloading Cover

& warehouse to warehouse basis (Including

New/Secondhand / Used)

TRANSIT DETAILS Anywhere in India to Anywhere in India

MODE OF TRANSIT Air/Rail/Road/Multi Modal / Courier / Post

PACKING Customary Packing

BASIS OF VALUATION CIF + 10%

LIMIT PER TRANSIT Rs. 2.00 Crores

LIMIT PER LOCATION Rs. 2.00 Crores

EXPECTED TURNOVER Rs. 2.00 Crores

CLAUSE ATTACHED i) All Risk cover including SRCC with Loading & Unloading

ii) Inland Transit Clause – A

iii) SRCC clause

iv) Warehouse to warehouse basis

v) Seal intact clause

vi) Duty Insurance Clause

Special Coverage At the time of claim during transit of second hand/used

material / equipment, Insurer must accept the internal

inspection report of Insured for settlement of claim.

EXCESS 0.5% of each & every consignment value Subject to min.

CLAIM EXPERIENCE 2023-24: Nil

REQUEST FOR QUOTE – Marine Open Policy for Import / Export

Name of Insured M/s. GSPC Pipavav Power Co. Ltd.

ADDRESS FF shed nos. A/78/3-8, GIDC electronic estate,

Besides Patni computers (iGATE), Sector

TYPE OF POLICY Marine Open Policy (CARGO) IMPORT / EXPORT

POLICY PERIOD 12.04.2026 to 11.04.2027

DESCRIPTION OF THE RISK All type of Goods including second hand/used machineries

going for repairs/calibration and coming back to GPPC

also spares and other store items.

TYPE OF RISK All risks including clauses ICC A / ICC Air / War & SRCC,

ITC-A & inland SRCC for tail end risks / inland transits,

including risk of terrorism, Duty insurance clause, risk of

loading / unloading& warehouse to warehouse basis

(Including New/Secondhand / Used)

TRANSIT DETAILS Anywhere in world to anywhere in world

MODE OF TRANSIT Air/Rail/Sea/Road/Multi Modal / Courier / Post

PACKING Customary Packing

BASIS OF VALUATION CIF + 10%

LIMIT PER TRANSIT Rs. 2.00 Crores

LIMIT PER LOCATION Rs. 2.00 Crores

EXPECTED TURNOVER Rs. 2.00 Crores

CLAUSE ATTACHED i) All Risk cover including SRCC with Loading & Unloading

ii) Inland Transit Clause – A

iii) SRCC clause

iv) Warehouse to warehouse basis

v) Seal intact clause

vi) Duty Insurance Clause

Special Coverage At the time of claim during transit of second hand/used

material / equipment, Insurer must accept the internal

inspection report of Insured for settlement of claim.

EXCESS 0.5% of each & every consignment value Subject to min.

CLAIM EXPERIENCE 2023-24: Nil

REQUEST FOR QUOTE – Money Insurance (In Transit & in Safe)

Sr. Particulars Descriptions Sum Insured

1 Name of the Insured M/s. GSPC Pipavav Power Company Limited

2 Correspondence Address 2nd Floor , Besides Patni Computers (iGATE),

FF Shed Nos. A/78/3-8, GIDC Electronic Estate,

Sector 25, Gandhinagar.

3 Location of Risks 1. Power Plant site at Village: Kovaya,

Taluka: Rajula, District: Amreli -

State: Gujarat.

2. 5 MW Solar Power Plant Premises

Village: Charnka, Taluka: Santalpur,

District: Patan, Gujarat.

3. Gandhinagar Office at 2nd Floor, FF

Shed no.A/78/3-8, GIDC Estate,

4 Occupation Power Plant / Solar Plant / Office premises

5 Type of Policy required Money Insurance (Money in Transit plus Cash in

6 Description of Risk Company cash being carried by employees whilst

in transit all over India including Burglary, Theft

(with or without forceible entry), Housebreaking,

Hold Up Robbery, Decoity, Larceny, Riot, Stike,

Malicious Damage, Fidelity Guarantee &

7 Policy Period 12.04.2026 to 11.04.2027

8 Risk to be covered (A) (i) Money (Cash / Bearer Cheques) in transit Rs.

between Insured’s Office to any Bank / Place

of business for Transaction and vice -versa

within radius of 200 KMs from Insured's

Offices specified above being carried by

employees/contract employees.

(ii) Cash in Custody of Insured's authorized

officers/Employees whilst the Employees are Sub-Limit

on Official tours outside office anywhere in Rs.1.0 Lacs.

India subject to sub-limit of Rs.1 Lacs, this

would also includes cash drawn by

employees/contract employees as advance.

(B) Cash / Bearer Cheques kept in 'Safe' / Locked Rs.

Cupboards/ Counters at the Insured's

premises shown above.

Risk to be covered:

Cash in transit: All risk including riot, strike

and risk of infidelity of authorized cash

carrying person (employees/contract

employees). Terrorism should be in built

Cash in Safe/counters/cup board: Risk of

housebreaking, burglary, robbery, dacoit,

hold up and extension of theft up to 25% of

9 Mode of Transit / carrying By own vehicle / hired vehicle / public transport

In Transit (a) Limit per single carrying

(b) Annual Estimated Transits

Total Estimated Dispatches in Policy Year

Cash in Safe / Counters

11 Policy Subject to (a) Sum Insured for Money in Transit is

Adjustment being declared on fair estimate

(b) Sum Insured (for Transit) will be adjusted

both upward or downward at the end of

12 Claim Experience 2023-24: Nil

Request for Quote - Electronic Equipments Policy

Insured Name M/s. GSPC Pipavav Power Co. Ltd.

2nd Floor, Besides Patni Computers (iGATE),

Mailing Address FF Shed Nos. A/78/3-8, GIDC Electronic Estate,

Sector 25, Gandhinagar.

Risk Location 1. Power Plant site at Village: Kovaya, Taluka: Rajula, District:

Amreli - 365541, State: Gujarat.

2. 5 MW Solar Power Plant Premises located at:

Village: Charnka, Taluka: Santalpur,

District: Patan, Gujarat.

3. Gandhinagar Office at 2nd Floor, FF Shed no.A/78/3-8, GIDC

Estate, Gandhinagar

Type of Policy Electronic Equipments Insurance Policy

(As per attached list of equipments)

Policy Period 12.04.2026 to 11.04.2027

Coverage required Sum Insured (Rs.)

All risks including but not limited to

any accidental damages,

burglary/theft/house-breaking,

electrical/mechanical/ electronic

breakdown, short circuit & voltage Gandhinagar HO : 10,40,771/-

Risks to be covered fluctuations, loss or damage during Site & Guest house: 13,50,562/-

transit, risk of fire and allied perils, Total : 23,91,333/-

RSMD, natural calamities like STFI

& earthquake, human error, falling

object & entry of foreign bodies etc.

Basis of Sum Insured Replacement Value basis

Basis of Indemnity On RIV Basis (No deduction for depreciation in case of total loss claims)

Excess As per Tariff

Claim History 2024-25: Nil

LIST OF ELECTRONIC EQUIPMENTS

Sr.No Location Item Name Sum

1 Site Office Printer Canon IBP 2900-C&I

2 Gandhinagar Office Lonovo Desktop-Chintan

3 Gandhinagar Office Lonovo Desktop-Preeti

4 Gandhinagar Office Lonovo Desktop-Manit

5 Gandhinagar Office Lonovo Desktop-Ketan

6 Gandhinagar Office Lonovo Desktop-Rajat

7 Gandhinagar Office Lonovo Desktop-Kuldeep

8 Gandhinagar Office Lonovo Desktop-Suraj

9 Gandhinagar Office Lonovo Desktop-Jayesh

10 Gandhinagar Office Lonovo Desktop-Kaku

11 Gandhinagar Office Lenove Desktop-Mehul

12 Gandhinagar Office Lenove Desktop-K Prakash

13 Gandhinagar Office Lenove Desktop-Santosh Joshi

14 Gandhinagar Office Lenove Desktop-Ojas Shah

15 Site Office Lenove Desktop-Yogesh

16 Site Office Lenove Desktop-Kaushal

17 Site Office Lenove Desktop-Darshan

18 Site Office Lenove Desktop-Gautam

19 Site Office Lenove Desktop-Punching

20 Site Office Lenove Desktop-Sanjay Makwana

21 Site Office Lenove Desktop-Jagdish

Thakar(SPG00YW2F)

22 Site Office Lenove Desktop-

Naresh(SPG00YW2Q)

23 Site Office Lenove Desktop-

Parthiv(SPG00YW2M)

24 Site Office Lenove Desktop-

Auditor(SPG00YR5B)

25 Site Office Lenove Desktop-

Nainesh(SPG00WY2B)

26 Site Office Lenove Desktop-Ranjit

27 Site Office Lenove Desktop-CEO cabin Site

28 Site Office Lenove Desktop-Hemant Vaishanv

29 Site Office Lenove Desktop-Lokendra

30 Site Office Lenove Desktop-Girish

31 Site Office Lenovo Desktop Model V520-Mr. M.

32 Site Office EPSON L565 Printer-CEO cabin

33 Site Office HP Laser jet M128MFP FW-Gautam

34 Site Office HP Laser printer 1020 plus at main

35 Gandhinagar Office SITC of Hikvision NVR 16CH for

36 Gandhinagar Office SITC of Seagate Hard Disk 6TB for

37 Gandhinagar Office HP color Laserjet Printer M254DW-K

38 Gandhinagar Office DELL OPTIPLEX 5070 MT

39 Gandhinagar Office HP Color Laser Jet Pro M183FW

Printer-Rajat S

40 GPPC's Direcotr- HP laserjet Pro MFP Printer-

Secretary M226DW

(Expenditure),FD,GoG

41 Site Office D-Link make switches for network

connectivity within plant and

42 Gandhinagar Office AIO Lenovo A340 Deskotp-FD GoG

office GPPC's Director-FD,GoG off

43 Gandhinagar Office HP ENVY 14-FC0078TU Windiws

11-COMMON LPATOP

44 Gandhinagar Office HP MS Windows 11 Pro OEM

45 Site Office APC Easy UPS Online UPS#6.0

Request for Quote - All Risks Cover for Portable Electronic Equipments

Insured Name M/s. GSPC Pipavav Power Co. Ltd.

2nd Floor, Besides Patni Computers (iGATE),

Mailing Address FF Shed Nos. A/78/3-8, GIDC Electronic Estate,

Sector 25, Gandhinagar.

Risk Location 1. Power Plant site at Village: Kovaya, Taluka: Rajula, District:

Amreli - 365541, State: Gujarat.

2. 5 MW Solar Power Plant Premises located at:

Village: Charnka, Taluka: Santalpur,

District: Patan, Gujarat.

3. Gandhinagar Office at 2nd Floor, FF Shed no.A/78/3-8, GIDC

Estate, Gandhinagar

Type of Policy All Risk Cover for Portable Electronic Equipments

(As per attached list of equipments)

Policy Period 12.04.2026 to 11.04.2027

Name of the Policy Coverage required Insured

All Risks incl. Fire & allied perils, AOG perils incl.

STFI, Earthquake, RSMD, Burglary, Theft, Larceny,

Robbery, Housebreaking, Accidental damage, Electrical &

Mechanical breakdown, Terrorism damage etc

Geographical Coverage : Worldwide

Basis of SI Replacement Value basis

Basis of Indemnity On RIV Basis (No deduction for depreciation in case of total loss claims)

Excess Rs.2500 per claim

Details of equipments for All risk cover with worldwide coverage

No. Sum Insured

1 Dell 3490 Laptop OYLS Shailesh Darji

2 HP 348G5 Laptop- Parthiv OYLS

3 HP 348G5 Laptop- Hemant OYLS

4 NARESH UKANI-OYLS-DELL 3501 LAPTOP

5 GAUTAM-OYLS-HP PAVILIAN X360 LAPTOP

6 LENOVO V15-G2/ITL-I5:COMMON LAPTOP

7 Mehul Vanzar-OYLS-Lenovo Ideapad

8 Meeraj Yadav-OYLS-Dell Vastro 3520 Laptop

9 Ketan Parekh-OYLS-HP ProBook 440 G8 I7-1165G7

10 Suraj Prasad-OYLS-HP Pavilion Laptop 14

11 Kaku Prasad-OYLS-HP Pavilion Laptop 14

12 Naresh Ukani-OYLS-HP Laptop 14-EK0183TU

13 Guatam Trivedi-OYLS-HP Laptop 14-EK0183TU

14 PREETI BHATT:HP Pavilion 15s Windiws 11 pro

15 Ranjit Dhadhal-OYLS-HP Laptop 15-FA1064TX

Nainesh Pawar-OYLS-Asus Notebook FX707ZC4-

17 Jayesh Rathod:OYLS:HP Pavilion 15-eh1147AU Laptop

18 Darshan Desai:OYLS:Dell Notebook 7430

19 Kaushal Shastri-OYLS-HP Laptop Victus Gaming 15-FA

20 OYLS-SANJAY MAKWANA:HP MODEL-15 FD0112TU

21 OYLS-GIRISH TARSARIA:HP MODEL-15 FD0112TU

22 Chintan Vyas-OYLS-HP Elitebook 645 G9

23 LOKENDRA JADEJA-OYLS-DELL INSPIRON 5640

24 Kuldeep Jain-OYLS-HP Elitebook 645 G9

25 Rajat Bakshi-OYLS-HP Elitebook 645 G9

26 Parthiv Oza-OYLS-HP Probook 450G10

27 Hemant Vaishnav-OYLS-HP Probook 450G10

28 IPAD PRO 11 WF CL 512BG SBLK-HIN

Total Sum Insured

Enquiry slip for D & O Liability Policy

Name of Insured M/s. GSPC Pipavav Power Co. Ltd.

Registered Address 2nd Floor, Besides Patni Computers (iGATE),

FF Shed Nos. A/78/3-8, GIDC Electronic Estate, Sector

SECTION-A: D&O Individual Liability

Risk to be Covered SECTION-B: Company Reimbursement

SECTION-C: Entity Security & Entity EPLI

Policy Period 12.04.2025 to 11.04.2026

Indemnity Limit INR 10,00,00,000 Any one occurrence & in aggregate

Rectroactive Date 01/07/2010

SECTION - A : NIL

Retention SECTION - B : INR 1,00,000/-

SECTION - C : Entity Security :- INR 1,00,000/-

Entity EPLI :- INR 1,00,000/-

Territory India

Jurisdiction Worldwide including USA/Canada

Cover / Add on cover as under :

Entity EPLI Cover

Entity Security Cover

Advancement of Defense Costs

Outside Entity Directors & Officer Liability cover

Interpretive Counsel costs

Self Reporting Expense Coverage

No Insolvency Bankruptcy exclusion

Prospectus Exclusion amended to allow cover for private placement

Pre-Investigation Costs

No Money Laundering Exclusion

Major Shareholders Exclusion

Bilateral Extended Reporting Period

Retired Directors (discovery period) – Lifetime Run-off

Dedicated additional limit of liability for non-executive directors

Emergency Defense Costs

Spouses, Heirs & Representatives cover

Extradition Cost

Assets and liberty costs including prosecution cost, bail bond expenses and – Full Limit

Auto addition of newly acquired subsidiaries-25% threshold

Civil fines & penalties insurable by law

Legal Representation cost

Public Relations expenses

Occupational Health & Safety Defense cost

Tax liability cover

Kidnap Response Cost

Regulatory crisis response cost

Bodily Injury / Property Damage exclusion with carve back

Cover for Insured vs. Insured claim

PI exclusion with carve back for failure to supervise

Non cancellation of policy except nonpayment of premium

Severability Clause

Pollution defense costs and shareholders’ derivative claims covered

Disruption compensation expenses

Cover for Exemplary and Punitive Damages

Policy to be Non-Rescindable

Crisis communication cost

Counselling cost

Control group clause

Policy non-cancellable expect for non-payment of premium

Corporate Manslaughter Cover

Separate Limits for Non-Executive Directors over and above limit of liability

Psychological Support Expenses

Cover for Employed Lawyers

Note : 1. Completed proposal form attached.

2. Please note that all insurers are required to confirm that the product is filed with

IRDA. Please also attach policy wording along with your technical bid.

Important Note : The quote for D & O policy must be accompanied by wording of the

policy and all extension endorsements. Quotes without appropriate wording shall be

liable for rejection.

DIRECTORS & OFFICERS LIABILITY AND COMPANY

REIMBURSEMENT INSURANCE

This is a Proposal Form for a Policy relating only to claims made against the insured

party during the currency of the said Policy.

NB : The Company’s last two Annual Reports together with any subsequent

interim Report should be submitted with this Proposal Form.

Please answer all questions fully (if there is insufficient space use a separate sheet).

Please write clearly and tick boxes as necessary.

1. a. Name of Parent Company : GSPC Pipavav Power Co.Ltd.

b. Address of Head Office

2nd Floor, Besides Patni Computers (Igate),

FF Shed Nos. A/78/3-8, GIDC Electronic Estate, Sector

Gandhinagar 382016, Gujarat India

c. Name of Insured :GSPC Pipavav Power Co.Ltd.

2. Please state for how long has the Company

continuously carried on Business: Since the date of receipt of certificate of

commencement of business i.e.15.06.2006.

3. Nature of Business : Power Generation & may engate in power & gas trading.

4. During the past five years has :

a. The name of the Parent Company been changed ? No.

b. Any acquisition or merger taken place ? No.

c. Any rights issue taken place ? No.

If ‘Yes’,please give full details :

5. Has the Company publicly revealed that it has under

consideration at the present time any acquisition,

merger or tender offer ? No.

If Yes, please give full details :

6. a. Total number of shares issued: 861840563 Equity shares of Rs.10/- each

b. Total number of shareholders

c. Total number of shares owned by Directors

and Officers (both direct and beneficial)

d. Details of any shareholding in the Company greater than 5%

Shareholding of GPPC as on 30th November

No. Name of the Share Holders Holding

7. Market Capitalization :Not applicable.

8. a. Total assets in North America Nil

b. Please list those Subsidiaries in North America that are not wholly

owned, together with the Company’s percentage interest in each

c. Who owns the minority stock N.A.

d. Does the Company or any of its Subsidiaries have :

(i) any stock, share and debentures traded in

North America ?

If Yes, on what date the was the last offer made ? ________

Was the offer subject to the United States

Securities Act of 1933 and / or The Securities

Exchange Act of 1934 or any amendments ?

(ii) any debt or equity instruments or commercial

paper in North America ?

If Yes, what was the most recent effective date ? _______

9. If Directors & Officers Liability Insurance has been carried during the past

three years, please state : Yes

a. Insurer:. The New India Assurance Company Limited.

b. Expiry date of Policy : 11/04/2025

c. Indemnity Limit : 10 Cr.

10. Has any previous Policy for Directors & Officers Liability

Insurance and Reimbursement for Directors & Officers Liability

Insurance been cancelled or refused by any Insurer ? No.

If Yes, please give full details:

11. If an insurance similar to that now proposed had

been or were now in effect, would any claim which

has been made, or which is now pending, against

any persons proposed for insurance have fallen

within the scope of such insurance ? No

If Yes, please give full details:

12. Is any person proposed for insurance cognizant of any wrongful

act which he has reason to suppose might afford valid grounds

for any future claim such as would fall within the scope of the

Proposed insurance ? No.

If Yes, please give full details :

13. Amount of Indemnity required : Rs 10 Cr.

14. Coverage required Worldwide including USA & Canada

15. Any Overseas Subsidiaries : NOT APPLICABLE

16. Is the Company listed or proposed to be listed on any of the

Stock Exchanges Indian or Foreign? If so, which NOT APPLICABLE/NOT

17. Do you require Employment Practices cover under this policy? Yes

If ‘Yes’ please complete questions 17(a)-(g). These questions form part of the proposal

Employment Practices Liability

Questions 17(a)-(g) are only to be completed if cover is required in respect of

Employment Practices Liability.

17(a). Does the proposer have a Human Resource Department? Yes

If ‘Yes’, how may employees are there in this Department?

If ‘No’, how is the function handled?

17(b). How many officers and other employees have resigned, been terminated (with or

without cause) or have taken early retirement within the last 24 months?

Resigned Termination Normal Early Retirement

NIL NIL NIL NIL

17(c). (i) Does the proposer have a written Human Resources

Manual or equivalent written management guidelines? YES

(ii) Please tick box if the guidelines indicate a policy on procedure with

respect to the following events .

Written application for employment [ √ ] Medical examinations [ √ ]

Legally prohibited discrimination [ √ ] Sexual harassment [√]

Compliance with statutes [√] Employee disciplinary actions

Redundancies, termination of Employee out-placement services [ √ ]

employment and early retirement [ √ ]

Employee appraisals/ reviews [ √ ]

(iii) Please tick relevant box(es) if decisions regarding these events are

always subject to prior review by the proposer’s Human Resources

Department, Legal Department, or outside Legal Adviser.

Individual decisions are always reviewed by:

Resources Legal Legal

1. Written application for employment [√]

2. Medical examinations [√]

3. Legally prohibited discrimination [√]

4. Sexual harassment [√]

5. Compliance with statutes

6. Employee disciplinary actions [√]

7. Redundancies, termination of

employment and early retirement [ √ ]

8. Employee out-placement services [√]

9. Employee appraisals/ reviews [√]

(iv) Does the proposer have an employee handbook which is

distributed to all employees? Yes

if ‘Yes’, please attach such handbook to the proposal. YES

17(d). Is the proposer currently undergoing, or does the proposer

contemplate undergoing during the next 12 months, any

form or any type of company restructuring or closure of office,

plant or store ?

If ‘Yes’, please attach full details. Yes

17(e). Please provide on a separate attachment full details of all wrongful

termination, discrimination and sexual harassment claims made

against the proposer or any of its directors, officers or employees

during the last five years including amounts of any judgments

or settlements and costs of defence.

If no such claims, please tick None

17(f). Please provide on a separate attachment full details of all

inquiries, investigation, grievance fillings or other

administrative hearings previously filed with or currently

before any local or government agency governing

employer responsibility to employees.

If no such cases, please tick None

17(g). Are there now or have there been any employment practices

claim(s) against the proposer or any of its subsidiaries? Yes

If ‘Yes’, please give full details.

The undersigned authorised Officer of the Company declares that to the best of his / her

knowledge and belief the statements set forth herein are true. Although the signing of this

Proposal Form does not bind the undersigned, on behalf of the Company, to effect

Insurance, the Undersigned, on behalf of the Company, agrees that this Form and the

said statements shall be the basis of the Contract should a Policy be issued and this Form

will be attached to and become part of the policy.

NB Should the above signed determine that further enquiry of the persons to be

insured may be necessary in order to provide reasonably reliable answers to

questions 11 and / or 12, he may submit to the Insurers supplementary advices

conveying any pertinent information or changes so derived and the Insurers may

thereupon alter any indications previously given accordingly.

In the absence of subsequent advises to the Insurers to the contrary it will be

assumed by the Insurers that there is no additional pertinent information or

ADDITIONAL INFORMATION REQUIRED

1. List of Subsidiary Companies with their country of incorporation, turnovers,

shareholding patterns and brief write-up on activities. – Not applicable

2. Brief write-up on the Group's overall Business and expansion plans – Annual

Report Attached

3. Initial Public Offer details (size, no. of shares etc.) , if going for any listings.- Not

4. Annual Reports and Accounts - last 2 years

5. The last Interim Statement (if applicable). N.A.

Request for quote - Workmen Compensation Policy

Name Of Insured M/s. GSPC Pipavav Power Co. Ltd.

Power Project at Pipavav,

Site Address Vill. Kovaya, Tal. Rajula,

Dist. Amreli, Gujarat

Place of Employment Power Project Site

Maintenance of Power Plant including civil works

Risk/Occupancy :

Policy Period : 12.04.2026 to 11.04.2027

Type of Policy : Workmen Compensation

Legal Liability as per Workmen’s Compensation Act, 1923 and

Scope of cover subsequent amendments of the said Act prior to the date of the

issue of the policy

Fatal Accidents Act

Category of Employee

Unskilled - Maintenance of Buildings and Power Plant

Type of Workers All employees & Workers as defined in WC Act

No. of Employees :

Total Sum Insured

Actual Medical Extension

REQUEST FOR QUOTE - Burglary Floater Policy

Particulars Description Sum Insured

Name of Insured M/s. GSPC Pipavav Power Co. Ltd.

Address for 2nd Floor , Besides Patni Computers (iGATE),

Correspondence FF Shed Nos. A/78/3-8, GIDC Electronic Estate,

Sector 25, Gandhinagar.

Policy Period 12.04.2026 to 11.04.2027

Location to be 1. Power Plant, Hostel and Guest House at Pipavav,

insured Vill. Kovaya, Tal. Rajula, Dist. Amreli, Gujarat

2. Head Office at Gandhinagar, 2nd floor, FF Shed

Nos.A/78/3-8, GIDC Electronic Estate,

Gandhinagar-382016

3. 5 MW Solar Power Plant Premises located at:

Village: Charnka, Taluka: Santalpur, District:

Patan, Gujarat, India

Type of Policy Burglary & Theft - Floater

As per Burglary including Theft (with or without forcible

Coverage entry), Housebreaking, Hold Up Robbery, Dacoity,

Larceny, Riot, Stike, Malicious Damage & Terrorism

1. Office Equipments, Furniture & Fixtures lying at Site

Hostel, Guest House, Site Office at Kovaya, Taluka

Rajula, Dist. Amreli, H.O. 2nd Floor, FF Shed No

A/78/3-8, GIDC Estate, Sector 25, Gandhinagar.

2. Plant & Machinery including spares. Total value at

Risk Rs. 3,534.75 Cr. On 5% First Loss Basis i.e. First

Loss Sum Insured.

Basis of Sum Reinstatement Value Basis

Basis of Indemnity RIV Basis (No deduction for depreciation in case of

Excess 5% of Claim amount subject to a minimum of Rs.

Claim details : 2023-24 Nil

Request for quote – Fidelity Guarantee Policy

Name Of Insured M/s. GSPC Pipavav Power Co. Ltd.

2nd Floor , Besides Patni Computers (iGATE),

Correspondence Address FF Shed Nos. A/78/3-8, GIDC Electronic Estate,

Sector 25, Gandhinagar.

1. Power Project Site office, Hostel and Guest House, At

Pipavav,Vill. Kovaya, Tal. Rajula, Dist. Amreli, Gujarat

Locations to be insured 2. H.O. Gandhinagar - 2nd floor, FF Shed Nos.A/78/3-8, GIDC

Electronic Estate, Gandhinagar-382016

3. 5 MW Solar Power Plant Premises located at: Village: Charnka,

Taluka: Santalpur, District: Patan, Gujarat, India

Type of Policy Fidelity Guarantee Policy

Policy period 12.04.2026 to 11.04.2027

Type of Risk/Occupancy Power Plant

Infidelity on unnamed basis including employees on deputation to

Group companies and vice-versa and contractual employees.

Risk to be covered

This cover is in addition to infidelity cover available under Cash in

Transit section of Money Insurance Policy

Persons to be Covered Five (5) Persons authorized to handle Cash located at Kovaya,

Patan & Gandhinagar.

Total Sum Insured (Rs.) Rs.50,00,000/-

5% of claim amount subject to minimum of Rs. 5000/- for each

and every claim

Claim Details 2024-25: Nil

Enquiry slip for Commercial Crime Policy

GSPC Pipavav Power Co.Ltd.

Including all subsidiary companies and related bodies

corporate including those acquired or incorporated during the

NAME OF INSURED:

Period of Insurance and other entities for which the insured

has assumed an obligation to arrange Insurance for their

respective rights, titles and interests.

GSPC Pipavav Power Co.Ltd.,

2nd Floor , Besides Patni Computers (iGATE),

FF Shed Nos. A/78/3-8, GIDC Electronic Estate,

Sector 25, Gandhinagar.

RENEWAL/NEW BUSINESS: Renewal

POLICY PERIOD: 12.04.2026 to 11.04.2027

POLICY FORM: Commercial Crime Insurance Form

RETROACTIVE DATE: 11.04.2019

NATURE OF BUSINESS: Power Generation

First Party and Third-Party Crime Coverage including:

Employee Dishonesty,

Any Kind of Theft – Please clarify whether Stocks are

covered or not.

On Premises cover

Computer Fraud/ Cyber Crime/ Financial Loss due to IT

Funds transfer fraud

Fraudulent Alteration

Wider Definition of Employees

Ex- Employee Coverage for 60 days post termination of

Counterfeit Currency /Documents coverage/ Credit Card

COVERAGE REQUIRED

Expectation Damages

EXTENSIONS / CLAUSE:

Discovery Period- 90 days, 365 days at Additional Premium

Social Engineering Fraud/ Fake Presidents Fraud

Stock, Money & Securities: Damage, Destruction or

Care, Custody and Control

Automatic Inclusion of New Entities -35%

Non-cancellation Clause

Employee Benefit Plans at no deductible

Claim Series Clause

Coverage for Insured Legal Liability and Legal Expenses

Waiver of Principal Intent.

Internal and External Extortion

No Major Shareholders’ Exclusion

Expenses to be covered as follows:

 Additional Costs

 Mitigation Costs

 Fees and Expenses

 Data Reconstitution Costs

 Loss Investigation Costs

 Court Attendance Costs

 Interest receivable and payable

 Forensic / Investigative Costs

 Vendor Clause

Wide definition of Employee including consultants, seconded

employees, outsourced employees, trustee, fiduciary,

administrator or officer of any plan

LIMIT OF LIABILITY: INR 2.00 Crore Each Claim and in Aggregate

EXCESS INR 5 Lakh Each Claim

TERRITORY/ JURISDICTION: Worldwide including USA/Canada

CLAIMS INFORMATION: As Per Form

UNDERWRITING INFO : As per Proposal form

The information provided to you in this slip/ submission and any related annexures,

electronic files or any correspondence relating to this business transaction is strictly

confidential and is expressly shared for the sole purpose of your evaluating the risk and

providing us with your quote.

The information may not be disclosed in any manner to other parties or used for any

purpose other than providing us with your Quote. Unison reserves the right to take any

legal action it may consider appropriate in case breach of this Confidentiality Clause. This

confidentiality obligation shall survive irrespective of whether the terms offered are

accepted or not and whether the business is placed with you.

Details of IAR policies Serviced as Lead Insurers

Name of Insurer:

Sr. Year Name of Client Risk Location Material Damage

No. Sum Insured (Rs.)

We hereby declare and confirm that the details of IAR Policy / Policies furnished above

are true and correct.

Authorized representative’s signature with name and address and office seal

Declaration regarding Solvency Margin

We hereby declare and confirm that our Solvency Margin for the previous 3 years is as

Authorized representative’s signature with name and address and office seal

Declaration on our present Reinsurance Arrangement

Name of Insurer:

Sr. Name of Reinsurer Credit Rating / Rating

We hereby declare and confirm that the details provided of the reinsurers are the same

as filed by us with IRDA as per stipulated Regulations.

Authorized representative’s signature with name and address and office seal

Undertaking regarding premium quoted

“We state that the rates of premium and the various discounts offered by us in our offer

for GPPC’s Power Plants are strictly as applicable as per IRDA Guidelines. We have

indicated separately all necessary taxes, cess + levies, which are required to be collected

from GPPC. The insurance premium quoted by us is full and final and there will be no

recovery on that account. We further undertake that in case of any claim under the

policy, the recovery of premium from GPPC and the applicability of discount and service

tax etc. will not be an impediment nor will it jeopardize in any manner in the settlement

of claim, if any, lodged by GPPC”.

Authorized representative’s signature with name and address

CERTIFICATE OF DECLARATION FOR CONFIRMATION OF IRDA / TAC

We, ……………………………………………. Hereby certify on behalf of ……………………

that our offer no………………………………….. dated…………………….. against tender

specification no………………….. does not breach any Insurance Act / IRDA guidelines.

We further confirm that in the event of disclosure at a later stage that the same is in breach

and GPPC is put to any disadvantage or face cancellation of the Policy or any claim

becomes substandard / untenable, the whole liabilities arising out of this shall rest wholly

on us and will bear all consequences thereof.

Authorized representative’s signature with name and address and office seal

Insurance Services Contract between GPPC Ltd and Insurance Company Ltd .

Consequent upon enquiry floated by GSPC Pipavav Power Co. Ltd.(GPPC), for various

operational policies in respect of their Gas Based Combined Cycle Power Plants (351.43

MW & 351.43 MW Total 702.86 MW) located at Village: Kovaya, Taluka: Rajula, District:

Amreli – 365 541, Gujarat and 5 MW Solar Power Plant located at Solar Park of Gujarat

At Village: Charnka, Taluka: Santalpur, Dist. Patan, Gujarat and for establishment of good

understanding and to ensure quality & deficiency free service and furthermore the

provision of efficient and satisfactory services by the underwriters, this contract has been

signed between M/s __________________ (Name of Insurer ) having their office

Ahmedabad ( hereinafter referred as underwriter in single and / or underwriters in plural

or the leader of the consortium ) and GSPC Pipavav Power Co. Ltd (GPPC) having its

office at FF shed nos. A/78/3-8, GIDC electronic estate, Besides Patni computers(iGATE),

Sector 25, Gandhinagar - 382016. The Parties, hereby, agree as follows:

A. Documentation

1. The underwriter will issue the Premium Receipt and the Cover note for the desired

coverage, immediately on receipt of the necessary premium cheque and / or Bank

Guarantee by them as the case may be.

2. The corresponding policy documents will be issued by the underwriter to the GPPC

within 7 working days of the receipt of the premium cheque or /Bank Guarantee.

3. Any amendment or endorsement in the policies shall be confirmed by issuing

amendment /endorsement within 1 working days of the receipt of the necessary

request / information, if needed the necessary premium from GPPC. In case of

emergency GPPC has right to ask for the amendment / endorsement on

Telephone and the same shall be acted upon by the underwriter, however later on

written request should be sent to Underwriter.

1. A panel of approved Surveyors, to be utilized in case of all losses/damages for

which necessary claims are to be lodged, shall be finalised by mutual discussions

within 15 days of signing of this agreement or such date as may be mutually be

2. All claims lodged on the underwriter shall be promptly settled as per the following

a) In respect of claims above Rs.50 Lakhs, "On Account Payment" of 75% of

the claimed amount shall be made by the underwriter without any demur

within 15 days of the occurrence of the insured peril. For the sake of brevity

it is clarified that documents required to be obtained from govt. agencies

like FIR, Final Report from Police authorities and Fire Brigade Report etc.

shall not be binding for release of On Account Payment.

b) Rest 25% claim amount (Final payment of the claim) shall be made within

5 days of receipt of Final Survey Report and all necessary supporting

documents/information from GPPC.

c) In the event of a loss, the underwriter shall appoint Surveyor/ Loss Adjustor

immediately on the receipt of notification, however online intimation or

intimation on Phone by GPPC to the authorized person of the underwriter

shall be construed as valid intimation under the policies. Furthermore, a

dedicated person from the claim department of the Underwriter shall be

allocated to GPPC and his telephone, fax and ID shall be intimated.

3. GPPC has been authorised for Self Survey in respect of claims with estimated loss

upto amount of Rs. 20000/- only or such higher amount as mentioned in Insurance

Act 1938 or rule made there under from time to time.

4. The underwriter has agreed to provide to GPPC with a comprehensive procedure

and documents to be followed in case of claims, within 30 days of commencement

of insurance of GPPC’s risk.

5. It is agreed that _______________is the leader of the consortium and other

members of the consortium have agreed to the revised terms of Insurance. The

Co shall deal with the leader only in all matters. However, in case of repudiation of

any claim by leader, the claim shall stand repudiated if & only if the co-leader &

other members of the consortium has also agreed on repudiation in writing.

6. In case of any MD /LOP claim made by GPPC in pursuance of its IAR or other

policies as taken in pursuance to GPPC’s invitation of Tender Document dated ---

---including any modification thereof, if any, the liability shall be joint & several for

each of the members of the Consortium. Furthermore, GPPC has right & option,

at its discretion, to make claim separately with each of the members of the

consortium in proportion to their share.

C. Others/ Miscellaneous.

1. The underwriters confirm that the premium quoted is final and are as per the

internally / Board approved guidelines or underwriting policy and that there is no

violation of any or other mandatory guidelines/rules. Any upward revision, other

than due to tariff revision and govt. levies and duties, in the premium, if found at

later date, will be borne by the underwriter. The benefit due to downward revision,

due to tariff revision and Govt. levies, in the premium shall be passed on to M/s.

2. The Leader has appointed following persons to service directly GPPC account in

respect of all matters including underwriting or / and claim. Their present address

and contact Nos. are as under ;

3. The underwriters agree upon binding of the contract, a RISK INSPECTION will be

carried out during the policy period and required RI measures, if any, will be

brought to notice of the GPPC management for their perusal and implementation.

4. The underwriter has further agreed to hold one seminar/training during the policy

period exclusively for GPPC employees to update them with latest trends in

5. GPPC shall be dealing/interacting directly with the leader of the consortium namely

M/s _____________ for all relating matters and the leader shall, in turn, interact,

with the co insurers, if any. ______________ shall be responsible for all acts/duties

as there is/were single insurance company providing insurance cover to GPPC. In

case of any dispute with co-insurers, M/s ______________ shall be responsible

for settlement of full claim amount of GPPC.

6. In case of de-tariffing in wording of IAR or any policy becoming applicable for any

or all policies on or before expiry of current policies, underwriter herewith agrees

to cancel the existing policies upon request of the GPPC and refund the pro-rata

premium (on the basis of no. of days only) to GPPC. GPPC shall be then at liberty

to invite fresh quotes for the insurance and place the insurance to any company/ies

that it deems fit.

7. The underwriter unequivocally agrees that during the year / tenure of Policy, GPPC

can increase or decrease the Sum Insured of any of the assets / liability etc of any

of the policies in order to make it match with market conditions and for that only

pro-rata rate shall be applicable not short period rates.

8. The underwriter unequivocally agrees that there may be some spill over of sum

insured amount from one part of the assets into another part of the same asset or

of some other asset but in the same category then no underinsurance shall be

applicable. Which means excess of some assets, if done by GPPC on account of

its judgment, may be set off against the short value of other assets.

9. The Underwriter agrees to refund one-third of the premium paid on account of

Business Interruption if the audited Annual Gross Profit ending 31-03-2027

happens to be lower than what has been taken in the Policy. It also agrees to

refund the pro rata premium of Industrial Liability if the audited Turn Over for 31-

03-2027 happens to be lower than what has been taken in the said Policy.

10. It is agreed that the Surveyor shall be appointed with the mutual consent of GPPC

and the leader insurance company.

D. Breach of the contract.

In case of breach or violation of any of the provisions of this agreement/ contract,

the underwriter shall have to pay penalty of such amount as may have suffered by

GPPC whether actual or notional and furthermore it shall have such rights as may

be deemed fit by GPPC.

In addition to clause D, underwriter shall also indemnify GPPC of all actual or

notional or consequential losses which GPPC may suffer as a result of breach of

underwriters of the underwriting policy /guidelines/ directives / rules by underwriter.

This means that the underwriter shall make good all losses, actual or notional or

consequential, to GPPC in the event of breach of any of the guidelines

GSPC Pipavav Power Company Limited

Designation: Designation:

Accepted, agreed and noted. Signature.

Other Consortium Members.

DEVIATION STATEMENT

(Pl. strike off the clause which is not applicable and tick the other)

1) THIS IS TO DECLARE THAT WE DO NOT HAVE ANY DEVIATIONS IN THE

STIPULATIONS OF YOUR TENDER AND ACCORDINGLY ACCEPT ALL THE

STIPULATIONS WITHOUT ANY RESERVATIONS WHATSOEVER.

2) WE HAVE TAKEN FOLLOWING DEVIATIONS IN THE COVERAGE.

Sr. No Particulars

Authorized representative’s signature with name and address

DECLARATION SHEET

We,………………………………………… have noted that GPPC has not engaged any

intermediary (any agent or broker) for purchase of insurance & that All policies are being

placed directly to Insurers by GPPC. Accordingly, we have not considered any

commission payable to any intermediary in our premium quote and we undertake not to

pass on any such commission/brokerage to any intermediary.

Authorized representative’s signature with name and address

INSURER TO CONFIRM ONLY COMPLIANCE OF SUBMISSION OF PREMIUM

CALCULATION IN PRICE BID COVERING ALL THE COVERAGES WITH ADD ON

COVERS MENTIONED HERE BELOW. PLEASE DO NOT MENTION ANY PRICE

RELATED INFORMATION IN THIS FORM.

(ref General Condition (r).

TECHNICAL BID BY M/S…………….

PREMIUM RATE ANALYSIS Sum Insured Confirmation of

Rs. In Cr. compliance in

be mentioned in

BID PARTICIPATION / CAPACITY FOR PROPERTY COVER _____%

1.0 MATERIAL DAMAGE YES No

1.ALL RISK SECTION 3714.33 Cr.

2. MACHINERY BREAKDOWN 3004.54 Cr.

2.0 BUSINESS INTERRUPTION

1. FLOP BI (12 months IP)

2. MACHINERY LOSS OF PROFIT (12 months IP)

MATERIAL DAMAGE:

1. EARTHQUAKE (FIRE & SHOCK) & STFI COVER TSI

2. AGREED BANK CLAUSE

3. DESIGNATION OF PROPERTY CLAUSE

4. LOCAL AUTHORITY CLAUSE

5. ARCHITECTS, SURVEYORS & CONSULTING ENGINEERS

FEES CLAUSE (IN EXCESS OF 3%)

6. REMOVAL OF DEBRIS CLAUSE (IN EXCESS OF 1%)

7. OMISSION TO INSURE ADDITIONS, ALTERATIONS OR 5% of BMA SI

EXTENSIONS ETC.

8. START-UP & SHUT DOWN EXPENSES

9. PROPERTIES / GOODS HELD IN TRUST.

10. 72 HRS CLAUSE

11. ON ACCOUNT PAYMENT CLAUSE

12. NOMINATED LOSS ADJUSTER CLAUSE

13. AUTOMATIC REINSTATEMENT CLAUSE

14. FIRE FIGHTING EXPENSES

15. LOSS MINIMIZATION EXPENSES

16. REINSTATEMENT VALUE CLAUSE

17. Minor works clause

18. Immediate Repairs clause

19. Expediting Expenses clause

20. Capital Addition clause

21. ESCALATION CLAUSE 5% of BMA SI

22. IMPACT DAMAGE CLAUSE Full SI

23. INVOLUNTARY BETTERMENT CLAUSE

BUSINESS INTERRUPTION

1. SUPPLIER EXTENSION UNDER FLOP 20% of BI SI

2. CUSTOMER EXTENSION UNDER FLOP 20% of BI SI

3. DEPARTMENTAL CLAUSE

4. ALTERNATIVE BASIS CLAUSE

5.DENIAL OF ACCESS CLAUSE 20% of BI SI

6.FIXED COST REIMBURSEMENT CLAUSE

7.SUM INSURED ADJUSTMENT CLAUSE

8.AUDITORS FEES & CLAIM PREPARATION EXPENSES

9.LOCAL AUTHORITY CLAUSE

10. UTILITY EXTENSION 17% of BI SI

11. Increased cost of working

4.0 ADD-ON COVERS

MATERIAL DAMAGE

1. EARTHQUAKE TSI

3. Escalation clause 5% of BMA Sum

4.Omission to insure additions, alterations or extensions etc. 5% of BMA Sum

5. REMOVAL OF DEBRIS

6. ARCHITECT, ENGINEERS AND CONSULTING ENGINEER

7. START UP & SHUT DOWN EXP.

8. FIRE FIGHTING EXPENSES ACTUAL

9. LOSS MINIMIZATION EXPENSES COVER

10. MINOR WORK CLAUSE

11. EXPEDITING EXPENSES

12. IMMEDIATE REPAIRS

13.IMPACT DAMAGE Full SI

14.INVOLUNTARY BETTERMENT

15. Preparation of Lost records/Computer Records, Valuable

Papers/Plans & Records Clause/Cost of Re-writing records

16.Additional Customs Duty

17.Demolition and Increased Cost of Construction

18.Property in Course of Construction/Erection

19.Undamaged Foundations

20.Obsolete Spare Parts

21.Sprinkler Up-Grading Costs

22.Deliberate Damage

23.Temporary Removal of Property / Stocks Clause

BUISNESS INTERRUPTION

1. SUPPLIER’S EXTENSION COVER 20% OF BI S.I.

2. CUSTOMER’S EXTENSION COVER 20% OF BI S.I.

3. AUDITOR FEES & CLAIM PREPARATON EXPENSES

4. DENIAL OF ACCESS 20% OF BI S.I.

5. Public Utility Extension 17% of BI S.I.

5.0 Material Damage Deductible 5% of claim

amount subject to

minimum Rs.1.25

6.0 TIME EXCESS

Standalone Terrorism Policy – Limit of liability Rs.2050 Cr

War Risk Buy Back cover

IAR Policy – for 5 MW Solar Power Plant

1.0 MATERIAL DAMAGE

1.ALL RISK SECTION

2. MACHINERY BREAKDOWN

2.0 BUSINESS INTERRUPTION

1. FLOP BI (12 months IP)

2. MACHINERY LOSS OF PROFIT (12 months IP)

ADD ON COVERS : M.D.

1. EARTHQUAKE TSI

3. OMISSION TO INSURE ADDITIONS, ALTERATIONS OR 5% of BMA S.I.

EXTENSIONS CLAUSE

4.Escalation 5% of BMA S.I.

5. REMOVAL OF DEBRIS

6. FIRE FIGHTING EXPENSES ACTUAL

7. EXPEDITING EXPENSES

8. IMMEDIATE REPAIRS

9. LOSS MINIMIZATION EXPENSES COVER

10. MINOR WORK CLAUSE

12. THIRD PART LIABILITY COVER

13.Property in Course of Construction/Erection

14.Obsolete Spare Parts

15.Deliberate Damage

16.Temporary Removal of Property / Stocks Clause

ADD ON COVERS : LOP SECTION (FLOP & MLOP)

1. CUSTOMER EXTENSION 20% OF BI S.I.

2. DENIAL OF ACCESS 20% OF BI S.I.

3. SUPPLIER EXTENSION 20% OF BI S.I.

4. PUBLIC UTILITY EXTENSION 17% OF BI S.I.

Standard Fire & Special Perils /Laghu Udhyam Policy (as per

Public Liability Act (cover as per slip attached)

Commercial General Liability Insurance Policy (cover as per slip

Marine Open Policy for Domestic Goods (cover as per slip

Marine Open Policy for Import/Export (cover as per slip

Money Insurance (cover as per slip attached)

Electronic Equipment Insurance (cover as per slip attached)

All Risk Policy for Laptop (cover as per slip attached)

Directors & Officer Liability Policy (cover as per slip attached)

Workmen Compensation Insurance (as per slip attached)

Burglary Floater Insurance (as per slip attached)

Burglary Floater Insurance (5% on first loss basis)

Fidelity Guarantee (Floater) Policy (as per slip attached)

Commercial Crime Policy (as per slip attached)

For ______________________ Insurance co.Ltd. Authorised

Annexures A to D need to be filled with Price Only. No

deviation, remarks, qualifications, subjective statements need

to be added to the Price Bids. Any violation of these may lead

to the rejection of offer by GPPC.

Format for Bid Submission of IAR of 702.86 MW CCPP

Particular Sum Insured Premium

Material Damage Section

All risks cover including all INR

B Machinery Breakdown cover INR

Business Interruption Section

C FLOP cover incl. all extensions INR

D MLOP cover INR

Total Premium (Excluding GST)

Total Premium (Including GST)

Period: The above policies are required for the tenure 12th April 2026 to 11th April

Format for Bid Submission of Terrorism and Sabotage Insurance Cover

Particular Sum Insured Premium

Terrorism and Sabotage

Insurance Cover

Total Sum Insured for both units of

702.86MW CCPP 2,050.00 Cr

Limit for War Risk Buy Back Cover 250.00 Cr

Total Premium (Excluding GST)

Total Premium (Including GST)

Period: The above policies are required for the tenure 12th April 2026 to 11th April

Format for Bid submission of IAR of 5MW Solar Project

Particular Sum Insured

Material Damage Section

A All risks cover incl.all extensions INR

B Machinery Breakdown cover INR

C Terrorism Cover INR

Business Interruption Section

D FLOP cover INR

E MLOP Cover INR

Total Premium (Excluding GST)

Total Premium (Including GST)

Period: The above policies are required for the tenure 12th April 2026 to 11th April

Format for Bid Submission (Misc. Policies)

S.No. Name of the Policies SI (Rs) Premium (in Rs.)

1 Standard Fire Policy /Laghu Udyam Policy INR

2 Public Liability Policy AOA/ AOY (Act) 250 Crs./ 500 Crs.

3 Commercial General Liability Policy 50 Cr/50 Cr

4 Marine Open Policy (Domestic) 2.00 Cr.

5 Marine Open Policy (Export/Import) 2.00 Cr.

6 Money Insurance(as per slip) 0.50 Cr.

7 Electronic Equipments Insurance Policy

All Risk Insurance For Portable Electronic

8 Equipments (incl. laptops, cameras,

digicams, etc.)

9 Directors & Officers Liability 10.00 Cr.

10 Workmen Compensation Policy 0.36 Cr.

Burglary – Floater Policy :

1. Office equpt, FFF etc.100%

2.Plant & Machinery incl. spares on 5%

first loss basis

12 Fidelity Guarantee Policy 0.50 Cr.

13 Commercial Crime Policy

Total Premium (Excluding GST)

Total Premium (Including GST)

Period: The above policies are required for the tenure 12th April 2026 to 11th April

Total Premium plus taxes/duties amount Rupees in figures

in words……………………………….

Authorized Signatory