Selection of New Mine Developer Cum Operator (MDO) for Development and Operation of 14 Mtpa Rowghat Mining Project..

• 6.1.1 Technical Criteria The bidder should demonstrate possessing the following technical capabilities in order to be considered for the Price Bid Stage (Part 3) of the bidding process: Experience in mining operation (i.e. the Bidder should have performed the necessary activities of drilling (wherever applicable), excavation and hauling) of ROM of at least 5.0 (five) Million tonnes of minerals (as specified in Part-A of First Schedule of the MMDR Act 1957 and Fourth Schedule added vide MMDR Amendment Act 2015) on an average annual basis in any 03 (three) financial years in last 07 (seven) years as on date of NIT out of which at least 3.0 Million tonnes, on an average annual basis in any 03 (three) financial years, should be from a single mine and should have also developed (i.e. installed on its own or through sub-contracting)mining infrastructure project(s) that includes Ore Handling Pant / Coal Handling Plant / Mineral Processing Plant / Coal Washery/ Rapid Loading System in that mine. The conversion factor (tonne per bank cubic metre) for the minerals will be considered as follows: Sl. No. Minerals conversion factor (tonne per bank cubic metre) a. Iron Ore 3.0 b. Coal 1.60 c. Lignite 0.80 d. Bauxite 2.00 e. Limestone 2.50 f. Manganese 2.40

• 6.1.2 Financial Criteria Bidder has to satisfy the following financial criteria of turnover and net worth in order to be considered for the Price Bid Stage (Part 3) of the bidding process: i. Bidder should have an average annual turnover of at least Rs. 1000.00 Crore (Rupees one thousand Crore only) or its equivalent in foreign currency during last three consecutive financial years ending on or before 31.03.2024 based on their financial accounting year. In other words, cumulative turnover of the bidder during the above three years should be at Rs 3000 Crores(Indian Rupees Three thousand Crores only) ii. Bidder should have net worth of at least Rs. 500.00 Crore (Rupees five hundred Crore only) as on the end date of the financial accounting year ending on or before 31.03.2024/25. iii. The Bidder shall have to fulfill the average annual cash accrual of at least Rs. 150 Crore (Indian Rupees one hundred FIFTY crore only) during the last three completed Financial Years immediately preceding year of NIT. The Bidder shall have a positive cash accrual for the last completed financial year immediately preceding year of NIT.

• 6.2 Eligible Bidder i. Bid may be submitted by a sole bidder or consortium of not more than 2 (two) members including the Lead Member ii. In case of bidder being a consortium, each member would meet at least 26% of the financial criteria and lead member would meet at least 51% of financial criteria both the members together will meet 100% of the financial criteria. iii. In case of bidder being a Consortium, the Lead Member has to meet entire Technical Qualification Criteria as per Clause 6.1.1. iv. In case of bidder being a consortium, the Lead member should have minimum 51% of equity holding in the SPV as per the Consortium Agreement. Consortium member other than the lead member should have minimum 26% of equity holding in the SPV. v. Bidder shall be allowed to draw strength from its subsidiary(ies)/Holding company for meeting the qualifying criteria either technical or financial, provided the subsidiary(ies)/ Holding company has an agreement (as shown in Format 13(i)) with the bidding company that it would lend technical or financial support as the case may be and further guarantee its performance by deed of guarantee (As shown in Format 14(ii)). Notarised copy of Agreement is to be submitted along with Bid. vi. In case of Bidder is claiming mining experience where it is operating as part of a consortium or a joint venture, it shall also submit a notarized copy of the consortium agreement or joint venture agreement(as the case may be), clearly explaining the extent of its ownership in such consortium or joint venture, as reasonable claim for its qualification. However, if such consortium or joint venture has carried out infrastructure development work in the mine, then the Bidder can claim entire experience of infrastructure development irrespective of its extent of ownership in such consortium or joint venture.

• 6.3 Supporting documentary evidence: Bidder shall furnish following relevant documents in support of its technical and financial credentials as mentioned in Clause 6.1.1 & 6.1.2. 6.3.1 In case the bidder is a mine owner then copy of the submissions made to statutory government authorities for annual production of relevant minerals as mentioned in clause 6.1.1, shall be submitted as documentary evidence in support of the experience. The experience of the bidder as mentioned in clause 6.1.1, should be certified by the statutory auditor of the bidder. 6.3.2 In case the bidder is a mine contractor, it shall submit a copy of the contract agreement/ Work Order and certificate of production of respective minerals as mentioned in clause 6.1.1 from the mine owner duly certified by the statutory auditor of the bidder as documentary evidence in support of the experience. Additionally, a copy of the submissions made to statutory government authorities for annual production of relevant minerals as mentioned in clause 6.1.1 , shall also be submitted as documentary evidence in support of the experience. 6.3.3 The audited financial statements of the bidder for the preceding three financial years shall be submitted by the bidder. In case, the audited financial statements for the last preceding financial year are not available, certification of financial statements from statutory auditor of the bidder shall be acceptable. 6.3.4 Net Worth Certificate has to be provided from the statutory auditor of the bidder. 6.3.5 The bidder who is seeking qualification based on the technical or financial strength/experience of its Subsidiary (ies)/Holding Company shall furnish a copy of the Board resolution of its subsidiary (ies)/Holding company authorizing the bidder to draw strength of its credentials. The Bidder shall submit the supporting document of its subsidiary/holding company referred to in clause 6.3. 6.3.6 In case the Bidder is Consortium, the experience of the concerned members should be commensurate with the responsibility matrix provided in the Consortium agreement in order to meet the qualifying requirement. 6.3.7 The Consortium Agreement/Memorandum of Agreement in original executed by the Consortium Members on non-judicial stamp paper must be submitted with the bid, containing responsibility matrix (division of work, roles and responsibilities of each member).

• 6.4 Instructions: 6.4.1 Submission of more than one bid by the bidder or use of technical credentials of a Parent/ Subsidiary Company for more than one bid will lead to disqualification of all such bids. 6.4.2 In preparing the Techno Commercial Bid and Price Bid, bidders are expected to ensure adequacy of the qualifying documents in detail. Material deficiencies/ discrepancies in the information requested may result in rejection of a bid. Notes: a) The terms Turnover and Net Worth shall have the meaning and definition as stated in this Document. b) Where the financial statement is expressed in currency other than Indian Rupees, the financial qualification as described above shall be computed by converting the financial figures in foreign currency to Indian Rupees based on exchange TT selling rates observed by Reserve Bank of India (RBI) and notified by State Bank of India (SBI) prevailing on the end date of their respective financial accounting year. If the last day of the corresponding financial closing year happens to be non-working day for SBI, then previous working day of SBI will be considered for conversion to Indian Rupees. c) Cash Accrual means net cash flow from operation i.e. Profit After Tax (PAT)+ Depreciation + Other non-cash expenses. The bidder shall submit a certificate from the statutory auditor certifying the calculations for cash accrual. d). UDIN Reference Documents submitted in support of financial eligibility wherever certified by the CA members of ICAI (The Institute of Chartered Accounts of India) from 01.07.19 onwards, shall contain the Unique Document Identification Number (UDIN).