REQUEST FOR PROPOSAL (RFP) DOCUMENT

ISSUED BY RASHTRIYA ISPAT NIGAM LIMITED (RINL) FOR THE SALE OF NON-CORE SURPLUS
FREEHOLD LAND PARCELS OF RINL IN VISAKHAPATNAM, ANDHRA PRADESH

RFP No.: RINL/NLMC/NBCC/VSKP/2024/01 DATED: 14-02-2024

E-Auction

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 RASHTRIYA ISPAT NIGAM LIMITED (RINL)

OFFICE OF THE GENERAL MANAGER (Town Administration & Contracts)

Room No: 16, First Floor, Sector-II, Ukkunagaram, Visakhapatnam Steel Plant, Visakhapatnam-530032

REQUEST FOR PROPOSAL (RFP)

Outright Sale of Land Parcel Blocks/Plots owned by the Rashtriya Ispat Nigam Ltd (RINL) at HB
Colony-Maddilaplem, Auto Nagar, Pedagantyada in Visakhapatnam, Andhra Pradesh

THROUGH E-AUCTION

Rashtriya Ispat Nigam Limited (A Govt. of India Enterprise under Ministry of Steel) announces Outright Sale
of Land Parcel Blocks / Plots owned by Rashtriya Ispat Nigam Ltd (RINL) under Non-core assets, available at
HB Colony-Maddilaplem, Auto Nagar, Pedagantyada in Visakhapatnam, Andhra Pradesh through e-auction,
on “as is where is” basis as per following details:

Complete RFP document and Corrigendum/Addendum if any are available on website of;

(i) https://www.vizagsteel.com
(ii) https://www.dpe.gov.in
(iii) https://nbccindia.in/webEnglish/buyProperties
https://nbccindia.in/webHindi/HindibuyProperties
(iv) https://eauction.enivida.com

RINL reserves the right to accept or reject the highest bid received or annul this process or withdraw any Land
Parcel/Land Asset at any time without any liability and without assigning any reason whatsoever.

Incomplete Application form submitted by the bidder is liable to be rejected.

The prospective bidder (s) must read the Terms and conditions of RFP documents carefully and they should
only submit their bid if they consider themselves eligible.

The bidder shall be required to register themselves with M/s Railtel (holding e-auction) and possess Digital
Signatures.

GENERAL MANAGER (Town Administration & Contracts)

RINL

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 DISCLAIMER

The information contained in this Request for Proposal (hereinafter referred to as "RFP") document or
subsequently provided to the Bidders, is subject to the terms and conditions set out in the instant RFP
document.

The purpose of this RFP document is to provide the Bidders with information to assist the formulation of
their Eligibility etc., for this proposal. This RFP does not purport to contain all the information for all the
persons, and it is not possible for RINL, their employees or any of its agencies/consultants/advisors to
consider the business/investment objectives, financial situation and particular needs of each Bidder who
reads or uses this RFP. Each Bidder should conduct its own investigations and analysis, and should
check the accuracy, reliability and completeness of the information in this RFP and where necessary
obtain independent advice from appropriate sources. National Land Monetization Corporation (NLMC),
RINL and NBCC (India) Limited, their employees & representatives or any of its
agencies/consultants/advisors make no representation or warranty and shall incur no liability under any
law, statute, rule or regulation as to the accuracy, reliability, or completeness of the RFP document. This
RFP document is not an agreement and is neither an offer to the prospective Bidders or any other
person.

RINL may in its own discretion, but without being under any obligation to do so, update, amend or
supplement the information in this RFP.

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Outright Sale of Land Plots/Blocks owned by the RINL at HB Colony-Maddilapalem, Auto Nagar and
Pedagantyada in Visakhapatnam, Andhra Pradesh

Through E-AUCTION

INDEX

SI. Page Nos/ Reference

DESCRIPTION
No.

1 Background 5

2 Tentative Schedule of Bidding Process 6

3 Definitions 7-8

4 Bidding Process and Eligibility Criteria 9-15

5 Specific Instructions 16-18

6 General Instructions 19-23

7 List of available Land Blocks/Plots (Annexure I) 24-27

8 Application Form (Annexure-II) 28-30

9 Acceptance Letter (Annexure-III) 31

10 Power of Attorney (Annexure - IV) 32-33

11 Authorization & Undertaking (Annexure-V) 34

12 Format For Consortium Agreement (Annexure-VI) 35-38

13 Affidavit (Annexure-VII) 39

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1. BACKGROUND

1.1. Rashtriya Ispat Nigam Limited (RINL), a Govt. of India Enterprise under Ministry of Steel,
Government of India based in Visakhapatnam, India having its Registered office at Visakhapatnam
Steel Plant, Main Administrative building, Vishakhapatnam, 530031 represented by its Authorized
Signatory hereinafter referred to as ‘RINL’ (which expression shall unless repugnant to the context or
the meaning thereof mean and include its successors-in-interest and title, permitted assigns or anyone
claiming through or under them) of the OTHER PART.

1.2. National Land Monetization Corporation Limited (NLMC), is a 100% Government of India (GoI)
owned Company under the administrative control of the Department of Public Enterprises, Ministry of
Finance having its Registered Office in New Delhi formed with an objective to undertake monetization
of surplus non-core assets of Central Public Sector Enterprises (CPSEs) and other Government
agencies and to own, hold, manage and monetize land and building assets of CPSEs under closure
and surplus land and buildings of Govt. of India owned CPSEs under strategic disinvestment.

1.3. NBCC (India) Ltd (NBCC), founded in 1960 as a Govt. of India Enterprise with its Head quarter in
New Delhi, holds the status of "Navratna" CPSE. NBCC is fast emerging as the leading organisation in
Construction industry on the back of its capabilities, innovative approach, adherence to highest
standards of quality, timely delivery and a dedicated workforce.

1.4. RINL presently owns non-contiguous Land Plots/Blocks admeasuring 13.89 Acres at HB Colony-
Maddilapalem, Auto Nagar, Pedagantyada in Visakhapatnam, Andhra Pradesh. The said Land
Plots/Blocks are located in three different locations in Visakhapatnam city where HB Colony,
Maddilapalem is set up across 11.80 Acres, Autonagar, Gajuwaka admeasuring 2.00 Acres and at Old
Health Centre, Pedagantyada, Gajuwaka measuring 0.089 acres. For the purpose of this RFP
67,277.04 Sq. yards (13.89 Acres) of Land in the form of Plots/Blocks is available to the bidder (s) and
hereinafter referred to as the "Said Property" as depicted in Annexure I.

This Said property has been divided into total number of 111 plots & 19 blocks. Each block and plot
will be auctioned separately. Further, sale deed will also be signed with successful bidder (s) for each
plot / block wise.

1.5. The "Said Property" entails a total area available for monetisation at the subject site which is 13.89
Acres in the form of plots/blocks, which will be handed over to the Successful Bidder (s) on 'as-is
where is basis'.

1.6. The Transaction - RINL is desirous of selling and transferring to the Successful Bidder (s), the Said
Property, on "as is where is basis” i.e. ‘in present condition as it is’ and 'No Complaint Basis only"
(Transaction). In order to give effect to the Transaction, RINL is keen on identifying the Successful
Bidder (s) through an agreed mechanism, i.e., through outright sale of the Said Property from RINL to
such Successful Bidder (s), by Auction Process, to be conducted in such manner as indicated further
in this RFP document (Document).

1.7. Company's representation - National Land Monetisation Corporation (NLMC) has appointed M/s.
NBCC (INDIA) Limited as Technical cum Transaction Advisor to carry out auction process successfully
and identify the Successful Bidder (s) for the Said Property.

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2. TENTATIVE SCHEDULE OF BIDDING PROCESS

Sr. Particulars Time line

No.

1 Release of Advertisement by RINL / NLMC/ NBCC 14.02.2024

Download of documents from the web portals;

2 i) https://www.vizagsteel.com From 14.02.2024 to 05.03.2024
ii) https://www.dpe.gov.in till 17:00 hrs
iii) https://nbccindia.in/webEnglish/buyProperties /
https://nbccindia.in/webHindi/HindibuyProperties
iv) https://eauction.enivida.com
From 15.02.2024 to 05.03.2024,
Inspection of Property (with prior appointment only)
3 During office hours

4 Pre-bid meeting 11:00 hrs on 28.02.2024

5 Last Date of submission of EMD Up to 05.03.2024 till 17:00 hrs

6 Period of availability of RFP document on RINL / From 14.02.2024 to 05.03.2024

NBCC website. till 17:00 hrs or till the extended
period

7 Period of mock e-auction for the purpose of awareness From 06.03.2024 (11:00 hrs).to
of the bidders (Interested bidder (s) are required to 07.03.2024 till 11:00 hrs
contact)
i) Sh Gagan
(# 8448288987)/[email protected] (or)
ii) Sh Nittin
(# 8448288986)/[email protected] (or)
iii) Sh Chaitanya
(# 8448288985)/[email protected]
14.03.2024 (11:00 hrs) to
8 Date of E-Auction
15.03.2024 (11:00 hrs) or till the
extended period as per
clause 4.7.5 of this document.

9 Issue of Acceptance Letter to the Selected Bidder From 25.03.2024 to 29.03.2024

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3. DEFINITIONS

3.1 The word RINL wherever it appears shall mean Rashtriya Ispat Nigam Limited (RINL) or its
authorized representative.

3.2 The word NLMC wherever it appears shall mean National Land Monetisation Corporation, selling
agent of RINL.

3.3 The word NBCC wherever it appears shall mean NBCC (INDIA) Limited, Technical cum transaction
advisor for Monetization of non-core assets of RINL.

3.4 BID wherever used shall mean the bid submitted by the Bidder in accordance with this RFP.

3.5 BID DOCUMENT comprises the terms and conditions of the bid, the bid form, the schedule of the
plot/block, model letters if any to be submitted and other terms and conditions etc., along with the bid
form wherever applicable.

3.6 BIDDER is the person/entity who submits the Bid for purchase of the plot (s)/block (s) in the Said
Property by quoting its price. This may be an individual person/ company/ LLP/ partnerships/ society/
trusts and funds such as PE funds etc., The Bidder can be a single entity or a Consortium.

3.7 CONSORTIUM means the consortium of bidders who are bidding as a Bidder acting in concert with
each other intending to directly or indirectly participate in the transaction.

3.8 CONSORTIUM MEMBERS means the members of the Consortium, formed by the Bidder for
purposes of the transaction in accordance with this RFP and shall include members who have
submitted the Format for Consortium Agreement (Annexure -VI) specified in the RFP.

3.9 CONSORTIUM SPV means the SPV to be formed by Consortium Members, as described in Clause
4.4.7 of this RFP, in the event it is designated as the Successful Bidder.

3.10 AUTHORISED REPRESENTATIVE is the person authorized by the Bidder to submit the Bid
document on his/her/its behalf provided that the Bidder cannot be represented by a real estate agent.
Such Authorised Representative may either hold a Power of Attorney or Board Resolution as may be
applicable, issued in his/her/its name by the Bidder supported by a specific letter, attesting the
signature of the Authorised Representative.

3.11 PROSPECTIVE BIDDER(S) are all the Bidder(s) who bid for the plot (s)/block (s) in the Said Property
in accordance with this RFP either independently or collectively as a Consortium. For avoidance of
doubt the term Prospective Bidder will also include collectively all Consortium members and/or the
Consortium SPV.

3.12 SUCCESSFUL BIDDER (S) is the Bidder who has quoted the final H-1 (Highest Bid Amount) for plot
(s)/block (s) in the Said property at the e-Auction stage and who has been found suitable after
screening by RINL / NBCC as per their established internal processes.

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3.13 SAID PROPERTY is a non-contiguous Land Plots/Blocks admeasuring 13.89 Acres at HB Colony-
Maddilapalem, Auto Nagar, Pedagantyada in Visakhapatnam, Andhra Pradesh. The said Land
Plots/Blocks are located in three different locations in Visakhapatnam city where a HB Colony,
Maddilapalem is set up across 11.80 Acres, Autonagar, Gajuwaka admeasuring 2.00 Acres and at
Old Health Centre, Pedagantyada, Gajuwaka measuring 0.089 acres. For the purpose of this RFP
67,277.04 Sq. yards (13.89 Acres) of Land in the form of Plots/Blocks is available for monetisation to
the bidder and hereinafter referred to as the "Said Property" as depicted in Annexure I.

This said property has been divided into total number of 111 plots & 19 blocks. Each block and plot
will be auctioned separately. Further, sale deed will also be signed with successful bidder (s) in each
plot / block wise.

3.14 ACCEPTANCE DATE is the date of letter communicating acceptance of the bid by RINL to the
Successful Bidder (s) as the case may be.

3.15 ACCEPTANCE LETTER is the letter issued by RINL to the Successful Bidder (s) after screening and
evaluation, and approval by RINL as per its internal processes, accepting the bid made by the said
Bidder (s).

3.16 GOVERNMENTAL AUTHORITY shall mean any government authority, statutory authority,
government department, agency, commission, board, tribunal or court or other law, rule or regulation
making entity having or purporting to have jurisdiction on behalf of the Republic of India or any state
or other subdivision thereof or any municipality, district or other subdivision thereof, having jurisdiction
pursuant to the applicable Laws, including but not limited to any authority which has, or would have,
any jurisdiction in relation to any activities of RINL / NLMC/ NBCC or over Said Property.

3.17 TRANSACTION ADVISOR shall mean appointed Technical cum transaction Advisor by NLMC to
assist them in works related to bid process management and conclusion of transactions related to the
said property. The transaction Advisor for the Said Property is NBCC (India) Ltd.

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4. BIDDING PROCESS AND ELIGIBILITY CRITERIA

RINL, a Govt. of India Enterprise announces sale of its non-contiguous Land Plots/Blocks available at
HB Colony- Maddilapalem /Auto Nagar / Pedagantyada, Visakhapatnam (AP) on "as is where is" basis
through e-auction with the condition that the successful bidder has to bear all costs pertaining to Stamp
duties, applicable taxes, etc. as applicable for purchase of the Lands.

Corrigendum, if any, shall only be available on website of RINL, NLMC & NBCC, i.e.
https:llwww.vizagsteel.com, https://www.dpe.gov.in, https://nbccindia.in/webEnglish/buyProperties /
https://nbccindia.in/webHindi/HindibuyProperties / https://eauction.enivida.com by the means of
updating of this document. Prospective bidders are requested to download a fresh copy of this
document at least SEVEN (7) days before the auction as all information will be updated herein.

RINL reserves the right to accept or reject the highest bid received or annul this e-auction process or
withdraw any plot/block from the proposed e-auction at any time without assigning any reason
whatsoever and without assuming any liability, responsibility, obligation and recourse to or of RINL.

The intending bidder must read all the documents of sale/purchase including terms and conditions of
sale/purchase as mentioned in this RFP document carefully and he/she/it should only submit his/her/its
bid if he/she/it considers himself/herself/itself eligible. RINL / NBCC shall not be liable in any manner
for any mistake in interpretation of any term by the bidder(s) failure to seek any clarifications from RINL
/ NBCC which may be necessary.

Sr. Particulars Amount

No.
1 Cost of RFP document Free of Cost
2 Registration Fee Free of Cost
3 Auction Processing Fee Rs 10,620 /- (Rupees Ten Thousand Six Hundred
(Non-refundable) and Payment and Twenty only) including 18% GST.
shall be made through online
payment gateway available at
https://eauction.enivida.com)
Note: GST invoice will be generated in the system/portal once Auction Processing Fee payment is
made by the Bidder and the same can be downloaded by bidder.

⮚ The bidder shall be required to register theirselves with M/s Railtel (for holding e-auction)
and possess Digital Signatures.

4.1. Pre-Bid Meeting & EMD:

4.1.1 Earnest Money Deposit (EMD), as per Annexure I of RFP, is required to be deposited for
participation in bid, through RTGS/NEFT/e-Payment. EMD to be paid online using available e-
Payment gateway on the portal https://eauction.enivida.com. EMD in any other form shall not be
accepted.

Submission of EMD by the Bidder will be treated as that Bidder has understood and accepted all
the Terms and conditions of the latest RFP document along with Corrigendum / Addendum if any.

4.1.2 Details of the payment of EMD as below is to be mailed at “[email protected]”

/”[email protected]”

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 Sr. No. Particulars Details
i) Name of Applicant with Registration ID :
ii) Contact Ph No.: :
iii) E-mail ID: :
iv) Amount of EMD, Rs :
v) Details of payment of EMD :
vi) Bank Account No. :
vii) IFSC code No. :
viii) Bank Name :
ix) Branch Name & Address :

4.1.3 The EMD of the bidders other than highest bidders will be refunded by RINL/NBCC/Auction Agency
without interest.

4.1.4 EMD of highest bidder (to be termed as 'Successful Bidder (s)' after issuance of Acceptance Letter
by RINL), shall be treated as part payment towards sale of the Land Plot/ Block and shall be
adjustable in the consideration value as per details mentioned in the 'payment schedule'.

4.1.5 Pre-bid meeting of the Said Property will be scheduled at RINL HQ at Conference Hall, First
Floor, O/o Town Administration, Sector-II, Ukkunagaram, Visakhapatnam Steel Plant,
Visakhapatnam – 530032 (A.P) on the date mentioned in the tentative schedule of bidding process
section of this RFP. Bidders are expected to submit the queries through mail
(“[email protected]” / “[email protected]”) on or before One day prior to Pre-Bid
meeting.

4.2. Registration:
4.2.1 Bidders are required to upload the following documents using Digital Signature key as a
token of Acceptance of Terms and conditions of RFP for Registration before making
payment of EMD.

i) Digitally signed Latest RFP document along with Corrigendum / Addendum if any.
ii) Digitally signed Application form duly filled along with enclosures as per Annexure-II.

4.2.2 Link for Registration manual is available on https://eauction.enivida.com, Click ‘Bidder

Enrolment' link available on the homepage of this website to get registered and avail User ID
& Password.

Contact Details of Helpdesk for Registration/Auction Support are:

Sr. Organiz- Name Designation Contact Email ID
No. ation No.
1 RAILTEL Sh Gagan Project 8448288987 [email protected]
Sh Nitin Coordinator (s) 8448288986 [email protected]
Sh Chaitanya 8448288985 [email protected]
2 NBCC Sh G Rajaram GM (Engg) 7317792333 [email protected]
3 RINL Sh G Venkateswarlu Sr. Manager (TA) 8008123535 [email protected]
Sh S Balaraju Manager (TA) 9392907320 [email protected]
Bidder can register till 1 (ONE) hour before the scheduled e- auction. However, bidders are advised to

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register early to avoid possible delays at late hours.

4.3. Auction details:

4.3.1 THE STARTING PRICE/RESERVE PRICE PER SQ YARD OF DIFFERENT PLOTS/BLOCKS FOR
E-AUCTION IS AS INDICATED AT ANNEXURE I.

4.3.2 The Bidders who are participating in the e-auction shall submit their bids at reserve price or with a
minimum increment of Rs 1,000/- (Rupees One Thousand only) over and above the starting Price.
(For example, if the starting price / reserve price per sq yd is Rs. 1,00,000/, then a bidder can bid
Rs 1,01,000/- 1,02,000/-, 1,03,000/- etc. If the bidder chooses to bid 1,01,000/-, the next bidder can
bid Rs 1,02,000/- or higher in multiples of Rs. 1,000/-.

4.4. Eligibility Criteria:

4.4.1 The Buyer should be legally competent for purchase of land/property in India.

4.4.2 The Buyer may be an individual person, registered partnership firm/ LLP, trust, registered co-
operative society, incorporated public or private limited company, State Governments, Central Govt.
Departments, Public Sector Undertakings/ Govt. Autonomous Bodies etc.

4.4.3 In case the application is being submitted by an entity (other than an individual i.e. a firm/
company/etc.), the application shall be accompanied by inter-alia, a duly executed Power of
Attorney (format enclosed as Annexure-lV) signed by functional directors or Board Resolution etc.)
in favour of the authorised signatory.

4.4.4 In case of an application made on behalf of a company or a registered partnership firm or registered
co-operative society or trust, the Application shall be, inter-alia, accompanied by a notarized copy of
the deed, MoA, AoA, certificate of incorporation/ registration with concerned Government authority
and such other charter documents as may be relevant thereof along with Authorization Letter.

4.4.5 In case of application made by a minor, it should be through legal or natural guardian. In case of a
minor, age proof and name of guardian is required along with submission of proof of guardianship.

4.4.6 Non-resident Indians (NRls), subject to eligibility as per applicable laws to be determined
and satisfied by themselves, can also participate after fulfilling the eligibility criteria.

4.4.7 Formation of SPV / Consortium Bidder

4.4.7.1 If Successful Bidder is a Consortium (format attached as Annexure VI), the Consortium shall
incorporate an investment vehicle (i.e., a Consortium SPV), any time before signing of the Sale
Deed. The shareholding of the Consortium SPV on a fully diluted basis shall be the same as
the shareholding / equity / ownership stake of the members in the Consortium. For avoidance
of doubt, the Consortium SPV shall be allowed to raise further capital, as long as the
shareholding pattern of the Consortium SPV remains the same.
4.4.7.2 Eligibility Criteria is to be satisfied by the Consortium SPV and all members of the Consortium.
4.4.7.3 Sale Deed is to be signed by the Consortium SPV and all members of Consortium.
4.4.7.4 The members of Consortium should have entered into a Consortium Agreement ("CA") (as per

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 Annexure-VI) between themselves. One of the members of Consortium, holding at least 26%
share of the equity / ownership stake shall be authorized and nominated as the 'Lead member'
("Lead Member") to act and represent all the members of the Consortium for the transaction.
The Lead Member needs to have more equity stake than other members. All members of the
Consortium to hold at least 10% or more equity stake in the consortium. Number of members
in a consortium shall not exceed 6 (six) and the applicant's proposal should contain the
information required for each member of the consortium. A copy of this CA shall be enclosed
at the time of registration. All the members of the Consortium will be jointly and severally liable
to each other.
4.4.7.5 After receipt of the Bid, there shall be no change in composition of Consortium (either inclusion
of a new member or exclusion of a member) or proposed shareholding structure as mentioned
during the registration.

4.5. Inspection of Site and Documents:

4.5.1 The Said Property may be inspected as per the schedule given under “Tentative schedule of Bidding
Process” on any working day during office hours in the presence of RINL Officials/representatives. In
this regard, Registered Bidders may contact;

Name & Designation of RINL official Mob. No. e-mail ID

Sh G Venkateswarlu Sr. Manager (TA) 8008123535 [email protected]

Sh S Balaraju Manager (TA) 9392907320 [email protected]

4.5.2 The sale of the Said Property is on 'as is where is basis’ i.e. 'in present condition as it is' and 'No
Complaint Basis' and the principle of caveat emptor will apply. For inspection (allowed for registered
bidders only), the interested Parties (or their Authorized Representative) should produce their Photo
ID Card to the representative of RINL and produce a copy of this RFP downloaded from the
Website. The Buyers are expected to satisfy themselves about the location of the Said Property, title
of the Said Property, statutory approvals and other details before submission of application for
purchase of the Said Property. The submission of the Application shall be an acknowledgment of the
Buyer having satisfied itself of the proposal in all respects. All costs and expenses associated with
the Due Diligence (DD) of the Said Property shall be borne entirely by the respective Bidder(s).

4.6. Payment Schedule:

4.6.1 The buyer shall strictly adhere to the following payment schedule:

Instalment Amount payable

No. Description
EMD For participation in e-auction EMD (i.e. 3% of Reserve price x Area of plot/block in sq.
Yd. as per Annexure-I)
1st Within 7 days of issuance of 10% of the highest bid price x Area of the plot/block in
Acceptance Letter (including Sq. Yd., with applicable taxes (other than EMD)
Sundays & Holidays)

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 2nd & Within 45 days from the date of Balance of the highest bid price x Area of the plot/block in
Final issuance of Acceptance letter Sq. Yd., with applicable taxes.
(including Sundays & holidays)

4.6.2 In case the day of payment happens to be Sunday or bank holiday then it shall be deposited by
next working day.
4.6.3 Buyer can make payments early/in advance (if so desired), and no prepayment charges will be
levied.
4.6.4 The stamp duty, registration charges, GST and any other statutory charges/dues as levied by the
Central Government/State Govt./Local Bodies shall be payable additionally solely by the Successful
Bidder.
4.6.5 All betterment charges or development levies, if any, charged by Govt. or local authorities shall be
borne by the Successful Bidder.
4.6.6 Default in payment of sale value: If the Successful Bidder does not pay the 1st Installment (other
than EMD) as payable within 7 days of issuance of Acceptance Letter (including Sundays &
Holidays), then EMD amount will be forfeited. Second & final Installment needs to be paid in one
go and any part-payment will not be accepted during the aforesaid period of 45 days. If any
Installment/amount is due/not paid during the 45 days’ time period, then the Acceptance Letter shall
be automatically terminated and the EMD and payments made by the bidder lying in any form with
RINL or Auctioning Agency shall automatically stand forfeited without prejudice to the right of RINL
to dispose of the Said Property at the risk and cost of the Successful Bidder without any notice to
the bidder. RINL/ NLMC/ NBCC/ Auctioning Agency shall not bear any responsibility for delay in
submission of payment by the bidder on account of not getting or delay in financial assistance from
Banks/financial institutions etc.
4.6.7 In case, the RINL cannot handover the plot/block due to any reason, in that case, the entire amount
deposited by the Buyer will be returned back without any interest.
4.6.8 Mode of Payment: Subject to the terms of this RFP, Successful Bidder shall make all payments,
within the stipulated time as mentioned in the Payment Plan through Bank transfer/RTGS/NEFT/e-
Payment in the account having the following details:

● Name : Rashtriya Ispat Nigam Limited

● Address : Visakhapatnam Steel Plant
Main Administrative Building
Visakhapatnam – 530031
● PAN : AABCR0435L
● Bank Name : CANARA BANK
● Bank/Branch Address : Project Office Complex, Visakhapatnam Steel
Plant – Visakhapatnam-530 031
● Account holder Name : Rashtriya Ispat Nigam Limited
● Account Number : 2430201000117
● Type of Account : Current Account
● IFSC code : CNRB0002430
● MICR code : 530015007
● SWIFT code : CNRBINBBBFD
● BSR Code : 0240129

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4.7. E-Auction Methodology and Terms

4.7.1 The bidding shall be for sale price per Sq yd of plot/block. The Bidder (s) are required to quote the
sale price in the e-auction equal to or over and above the reserve price.

4.7.2 The EMD amount for each plot/block is mentioned in Annexure-I of RFP. A Bidder is required to
pay EMD for at least 1 (ONE) land plot /block. However, Bidder can select ‘Others’ as option in
payment mode for any other interested land plots/blocks having EMD value equal or lesser only. If
the Bidder wins/becomes highest bidder for a particular land plot / block, he will not be eligible to
bid for other opted land plot/block with same EMD.

4.7.3 Bidder paying highest individual EMD as mentioned in Annexure-I of RFP is eligible for participating
in auction of all the plots/blocks. However, they could become highest bidder only for 1 plot/block
and after that they will not be eligible for other bids.

4.7.4 If a Bidder has deposited EMDs for multiple plot/blocks, then they can be the highest bidder of the
plot/block equal to the number of EMDs deposited by them.

4.7.5 During the e-auction process, in case any bid is given within the last 10 minutes period before
closing of bid, then an extension of time of 10 minute(s), shall become due automatically and this
extension in period shall continue till no fresh bid is received in last 10 minutes period from the
scheduled/extended period of closing of bid. If no fresh bid is received in last 10 minutes period
from the scheduled/extended period of closing of bid then bid shall get automatically closed.

4.7.6 RINL reserves the right to defer/ cancel/ alter/ amend/modify/add the terms & conditions of sale at
any stage prior to the date of e-auction, without assigning any reasons whatsoever; and/or
accept/reject any or all or withdraw any plot/ block in the Said Property from sale at any stage prior
to issuance of Acceptance Letter, without assigning any reason. Any amendment made will form
part of the terms and conditions and no individual intimation will be sent to the bidders. Bidders are
advised to download a fresh copy of this document as mentioned under “Tentative schedule of
Bidding Process” section of this RFP.

4.7.7 The bidders are not permitted to withdraw/ modify/ surrender/ cancel the bid once the process of
bidding is concluded and in case the bid is withdrawn/modified or surrendered then the EMD and
other payments, made by the bidder shall be forfeited. This shall be without prejudice to other rights
or remedies that may be available to RINL.

4.8. Acceptance I Rejection of the Bid

4.8.1 The acceptance of the highest e-auction bid shall be at the sole discretion of the RINL, even if
amount equivalent to 10% of the highest bid has been remitted by the successful bidder. RINL does
not bind itself to confirm to the highest bid & reserve its right to reject all or any of the bids without
assigning any reasons, whatsoever and the decision of RINL in this regard shall be final and
binding to the bidders. In case of cancellation of bid or rejection of the offer by RINL where there is
no default of a bidder, the EMD of the highest bidder along with payments made by them, shall be
refunded without any interest.

4.8.2 After refund of the money, the bidder agrees that it shall not have any right and/ or claim,
whatsoever it may be, against RINL / NLMC/ NBCC and that RINL / NLMC/ NBCC shall be

14 | Page
 released and discharged from their respective obligations and liabilities under this Agreement.

4.9. Issue of Acceptance Letter to the Successful Bidder:

The Acceptance Letter will be issued by RINL to the Successful Bidder after acceptance of the bid.
The Successful Bidder is required to deposit the balance bid amount and other due payments
through Bank transfer/ RTGS/NEFT/e-Payment as per payment schedule.

4.10. Interpretation of Clauses of this Document:

4.10.1 All or any disputes arising out of or touching upon in relation to the terms and conditions of this
RFP, including the interpretation and validity of the terms thereof and the respective rights and
obligations of the parties, shall be settled amicably by mutual discussion.

4.10.2 In case of doubts or disputes or in respect of any matter not provided for in these terms and
conditions and in case of any dispute regarding payment/registration of the Said Property or any
other matter relating to this e-Auction, the decision of RINL shall be final and binding.

4.11. H1 Bidder (s) are required to submit the following documents both in soft & hard copies duly
signed to RINL and as follows;

1. Power of Attorney duly filled and notarized as per Annexure-IV, if applicable.

2. Authorization & Undertaking as per Annexure-V, wherever applicable.
3. Consortium Agreement, as per Annexure-VI, wherever applicable.
4. Affidavit as per Annexure-VII.

The above documents shall be summited as;

From the closure of e-auction, within in

Form/ Nos of working days as mentioned below
Address of RINL
Copy Bidder (s) from
Bidder (s) from India
outside India

Soft copy
FOUR (4) days SEVEN (7) days [email protected] /
(Email Id)
[email protected]
The Manager (Town Admin)
Room No: 24, First Floor,
Hard
O/o Town Administration, Sector-II,
Copy SEVEN (7) days TEN (10) days
Ukkunagaram, Visakhapatnam
(Address)
Steel Plant, Visakhapatnam-
530032 (AP)
Note:
i) In case H1 bidder (s) fails to submit soft/hard copies of documents as above, RINL may consider
and grant additional three days’ time, in case of request by any H1 bidder. If any H1 bidder do
not submit documents by the given date and time, RINL reserves the right to forfeit EMD and
disqualify the bidder from the sale process of the said property.

ii) RINL shall not bear any responsibility for delays on account of internet/network issues or
postal/courier delays etc., in receipt of the above mentioned documents.

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5. SPECIFIC INSTRUCTIONS

5.1 Sale:

The Said Property is as described in Annexure-I.

5.2 Prospective Bidder(s):

5.2.1 This RFP document is being issued for inviting bids from prospective Bidders/ interested parties
("Prospective Bidder(s)") to submit their bid for purchasing plot (s)/block (s) in the Said Property
of RINL.

5.2.2 Prospective Bidders are required to carefully read the contents of the Document and to submit
their bid, as well as the information and documents prescribed in this Document.

5.3 E-Auction Date & Results Date:

5.3.1 The e-Auction commencement date/ closing date shall be as mentioned in the RFP and on the e-
auctioning portal.

5.3.2 E-Auction Results/Status must be personally seen by the Bidders online through
https://eauction.enivida.com immediately after closing of e-Auction which will be displayed up to 7
(Seven) calendar days from the date of Closing of e-Auction.

5.3.3 The Highest (H-1) bid received in the e-Auction will be subject to approval by RINL. The right of
acceptance & rejection of the H-1 bid lies entirely with the RINL. In the event of non-acceptance of
H-1 bid, RINL will communicate the non-acceptance to the NBCC/ Auctioning Agency and the
pre-bid EMD without interest shall be returned to the H-1 bidder by RINL/NBCC/Auctioning
Agency.

5.4 Successful bidder's inability to conclude the transaction:

In the event Successful Bidder is an individual (person) and is unable to complete the transaction
process of the Said Property as per the terms of the e-Auction for any such reason as the death of
the person, it shall be the responsibility of his/her legal heir/assignees (successor) to adhere to the
terms of e-Auction and complete the sale process in accordance with the e-Auction terms. In case the
successor of the Successful Bidder (s) decides to pull out of the transaction, for whatever reason, the
Pre-bid EMD and all other further payments made by the bidder (if any) will be forfeited.

5.5 Execution of Sale Deed:

The Sale Deed shall be executed on the receipt of entire sale consideration and subject to
compliance of all terms and conditions contained in this document by the Successful Bidder (s) and
shall remain subject to the exclusive jurisdiction of the Courts in Visakhapatnam.

All costs, charges, taxes, cess surcharges and expenses incidental to and in relation to the sale
including all costs incidental to the Agreement to sale/purchase and other writings, if required to be
made in pursuance thereof, stamp duty, registration fee, other charges etc., shall be borne and paid
by the Successful Bidder alone.
16 | Page
 Provided that, in the absence of any provision in the applicable laws in this regard and fulfilment of all
requisite obligations by the Successful Bidder (s) for execution of Sale Deed, the Sale Deed in favour
of the Successful Bidder shall be executed by RINL within 60 days from the date of receipt of full &
final sale consideration. RINL agrees and undertakes to indemnify the Successful Bidder (s) in case
of willful failure of fulfilment of any of the provisions, formalities, documentation on part of RINL.

5.6 Construction/Resale/Lease/Sub-Lease by the Successful Bidder:

The Successful Bidder (s) will not be allowed any type of construction (permanent or temporary)
including clearing jungle/trees/making approach roads, boundary wall, fencing, gates, lights, etc. till
the execution of sale deed.

The Successful Bidder (s) shall not have the right to sale/re-sale/lease/sub-lease/ license, or
otherwise give possession, pursuant to any other valid legal instrument, of the Land or any portion
thereof to any third party, till the execution of sale deed.

5.7 Handing over / Procedure for taking possession:

Upon execution of the sale deed, the possession of the block / plot will be handed over to the
successful bidder within 15 days of signing of the sale deed.

5.8 Holding Charges:

The possession of the Land allotted shall have to be taken over by the Successful Bidder as per
clause no. 5.7 above, failing which "Holding Charges" @ Rs. 100.00 per sq. yd. per month (on pro-
rata basis) shall be charged for the entire period of delay.

During the aforesaid period of delay in taking possession of the plot/ block by the Successful Bidder,
the plot/ block shall continue to be in possession of RINL at the sole risk, liability, responsibility and
cost of the Successful Bidder w.r.t. its physical condition during such period of delay.

5.9 Virtual Data Room:

The Prospective bidders shall be provided access to a Virtual Data Room through an e-mail link by
RINL within ONE working day of Registration by bidders for verification of relevant documents
pertaining to the said property.

5.10 Clarifications

The bidder requiring any clarification on the bid document may notify RINL / NBCC in writing at least
Seven (7) days prior to the scheduled date of e-Auction. No request for clarification shall be
entertained thereafter. RINL / NBCC shall try to send the clarifications on the email address of the
intending bidders along with posting the clarifications on https://www.vizagsteel.com /
https://www.dpe.gov.in /https://nbccindia.in/webEnglish/buyProperties /
https://nbccindia.in/webHindi/HindibuyProperties / https://eauction.enivida.com. However, if the
bidder participates in the e-auction then it shall be presumed that no query of the bidder remains
unanswered, even if no reply has been sent by RINL / NBCC.

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5.11 Validity of Bids:

All the bids will be valid for 90 (Ninety) days from the date of closing of e-Auction, excluding the date
of closing. In case the 90th day falls on a holiday or remains closed, such Bids will be deemed to be
automatically extended to be valid up to the next working day. RINL may however request the
Bidders to extend the validity of their Bids for a specified additional period. The Bid Validity Period of
the Successful Bidder (s) shall stand extended till the date of execution of the Sale Deed.

18 | Page
6. GENERAL INSTRUCTIONS

6.1. Sale process of the plot/ block in the Said Property shall be carried out by RINL or its Authorised
representative as per the terms and conditions mentioned hereunder, in any case they may alter the
same, if required, with prior intimation, for best results and best practices.

6.2. The terms and conditions of this RFP and Acceptance Letter shall be valid up to the date of handing
over of the possession of the plot (s)/block (s) in the Said Property in favour of the Successful
Bidder.

6.3. Caution in Submission of Bid: The Bidder shall be solely responsible for all consequences arising
out of the bid submitted by them (including any wrongful bidding by them) and no
complaint/representation will be entertained by Auctioning Agency/ RINL/ NLMC / NBCC in this
regard. Hence Bidders must be careful to check the starting price/ increment value/ bid amount
(including No. of ‘0’s/ No. of Digits etc.) their bid (if required) before submitting their Bid into the e-
Auction by clicking the 'Bid' Button. There is no provision for putting Bids in decimals. During e-
Auction, only details will be shown under Said Property on the Auction Floor where Bidders are
required to bid. The complete Item details can be seen by the Bidders by clicking on the respective
Item hyperlinked and it shall be the responsibility of the Bidders to see the Said Property details
before bidding and no representation I complaint in this regard will be entertained by Auctioning
Agency/ RINL / NLMC/ NBCC from the Bidders.

6.4. The Bidder(s) shall have no right to request for issue of any addendum / corrigendum to these terms
and Conditions to clarify, amend, supplement, or delete any of the conditions, clauses or items
stated therein.

6.5. In case of postponement due to exigency, the same will be informed to the bidders through a
notification on RINL / NLMC/ NBCC website.

6.6. Non-resident Indians (NRls), subject to applicable laws to be determined and satisfied by
themselves, can also participate after fulfilling the eligibility criteria (such as Aadhar Card, PAN Card,
PIO card, OCI card, Current address proof, Passport, Address proof of Residence in India, attested
signature from any of the Nationalized Banks in India where individual is the Account Holder)
required under Indian Laws for proof of NRI. Any NRI, found successful, shall be required to make
all payments in Indian Currency and shall follow Indian Laws for all such matters. Further, relevant
laws, rules & regulations, and other specific guidelines as per the latest notification of the
Government of India will be applicable.

6.7. The Bidders shall evaluate and ensure that they are permitted to invest under applicable laws to the
extent they propose to participate.

6.8. It is the sole responsibility of the bidder to ensure complete compliance with all the laws applicable
to it (including the Foreign Investment Laws) and to obtain all the approvals from relevant authorities
required for completion of the transaction. It is further clarified that in case the bidder is not able to
complete the transaction within stipulated time because of not obtaining any required approval, it
shall be considered as a breach and failure of the Bidder and as a result the EMD and other
payments made by the bidder shall be forfeited and the Bid would stand cancelled.

6.9. All rates, taxes, charges, fee, assessment and other levies, cost of registration, stamp duty etc., of
whatsoever nature shall be paid by the Successful Bidder to the concerned authority/body.

19 | Page
6.10. It shall be the responsibility of the Successful Bidder to obtain all the necessary permissions in
relation to any development on the Said Property and to make payment of the necessary fees, taxes
or any other dues in relation to the Said Property. It shall be the responsibility of the Successful
Bidder to have service connection secured from the respective organizations for electricity, water
supply & drainage and at their own cost. RINL will not take any responsibility in this regard.

6.11. After the full payment of Sale Consideration by the Successful Bidder, all the approvals, consents,
licenses, permissions required for effectively transferring the block (s)/plot (s) forming part of the
Said Property to the Successful Bidder shall be responsibility of the Successful Bidder only, provided
however, RINL shall be responsible to provide all the relevant internal approvals/ permissions/
consents on which RINL has control and necessary authority to Successful Bidder.

6.12. All the correspondence will be made to the address/e-mail (of bidder) as appearing in the
registration with Auctioning Agency. It shall be the responsibility of the bidder to keep their e-mail id
valid.

6.13. The bidders must satisfy themselves as to the correctness/ accuracy of the particulars of the block
(s)/plot (s) in the Said Property printed/readout or verbally declared. Additionally, the bidder must
satisfy themselves on all aspects pertaining to the Said Property prior to bidding and they will not
have any recourse after the submission of the bid for any deficiency in the documents or title of the
property. No complaint, whatsoever, in this regard would be entertained after the submission of the
bid.

6.14. The bidder who submits the bid shall be deemed to have full knowledge of the condition of the block
(s)/plot (s) in the Said Property, relevant documents, information, etc. whether they actually inspect
or visit the block (s)/plot (s) in the Said Property and verify the same or not. The bidders shall be
deemed to have inspected and verified the block (s)/plot (s) in the Said Property to their entire
satisfaction and for the purpose, bidders may, in their own interest and at their own cost, verify the
area of the block (s)/plot (s) in the Said Property, before submitting the Bids. The bidders may carry
out their own due diligence in respect of the block (s)/plot (s) in the Said Property at its own cost.

6.15. It shall be presumed that the bidder has satisfied themselves about the title documents pertaining to
the block (s)/plot (s) in the Said Property, names, descriptions, particulars, quantities, qualities,
specifications, measurements, boundaries and abuttals of the block (s)/plot (s) in the Said Property
and that the bidders concurs or otherwise admits the identity of the block (s)/plot (s) in the Said
Property to be purchased by them notwithstanding any discrepancy or variation, by comparison of
the description in the particulars of the Said Property and their conditions.

6.16. In case of any electrical lines, drainage, communication cables, devices, water supply lines are
passing through the land, the Successful Bidder should get it shifted with respective departments at
their own cost and expense by paying necessary fees to the appropriate authorities. RINL shall not
take any responsibility in this regard.

6.17. Addresses for Communication: All notices related to this Bid including
Clarifications/Amendments/Addendums to the Bid document shall be available on
https:llwww.vizagsteel.com/ https://www.dpe.gov.in/ https://nbccindia.in/webEnglish/buyProperties
/ https://nbccindia.in/webHindi/HindibuyProperties / https://eauction.enivida.com under RINL/
NLMC/NBCC website.

6.18. The Successful Bidder must meet the Eligibility Criteria on the date of submission of the Bid and
20 | Page
 must continue to be eligible throughout the transaction until its completion. Successful Bidder shall
have the obligation to immediately notify the RINL / NBCC/ NLMC on it becoming ineligible any time
during the transaction. In the event of any Successful Bidder getting disqualified or not meeting the
eligibility criteria, such Successful Bidder shall not be permitted to continue to participate in the
transaction and bid for such bidder may be terminated without any loss to RINL.

6.19. Interested participants need to share, written pre-bid queries at least Seven (7) days prior to the
scheduled date of e-Auction.

6.20. The details of the block (s)/plot (s) in the Said Property displayed under view for the forthcoming
auctions on Auctioning Agency's e-auction website are tentative and subject to change at the sole
discretion of RINL before the start of e-auction.

6.21. Property Tax and Other Taxes: The Successful Bidder shall be responsible for making payment of
property tax and all other applicable taxes with respect the block (s)/plot (s) in the Said Property to
the concerned statutory authority from the date of handing over of possession of the plot / block.

6.22. Compliance with Statutory Regulations: The Successful Bidder shall comply with all statutory
provisions, rules & regulations, bye- laws etc., in all respects, including payment of all fees, taxes in
accordance with the provisions of any Central or State enactment/ notification, ordinance or other
Statute, or any regulation or bye law of any local or other duly constituted authority in force from time
to time.

6.23. Misrepresentation/Fraud/Breach of Terms and Conditions: If it is discovered at any point of time

that the Successful Bidder has purchased the block (s)/plot (s) in the Said Property by suppression
of any material fact, misrepresentation or fraud, RINL reserves the right, at its discretion, to cancel
the allotment and/or revoke the Agreement to Sale/Purchase and the EMD and all other amounts
paid by the Successful Bidder shall be forfeited. RINL shall also be entitled to take over possession
of the block (s)/plot (s) in the Said Property from the Successful Bidder. In such an event, the
Successful Bidder will not be entitled to any compensation whatsoever, or refund of any EMD or any
other amount paid by them and RINL at its sole discretion shall re-sale the block (s)/plot (s) in the
Said Property.

6.24. Area and Survey of the Asset:

6.24.1. Proposed plots/ blocks for auction has been purchased by RINL from VUDA and/or APHB/APIIC
during 1980’s. The areas/extents given are indicative only as extracted from sale deed/ layout plan
and may vary as per local conditions / statutory authorities. Successful Bidder may get the survey
done (if so desired) at their own cost at the earliest and in any case, before payment of the final
installment. No claim whatsoever on account of areas of the block (s)/plot (s) in the Said Property
will be entertained after depositing the final installment.

6.24.2. If it is found that the actual area is less than the area mentioned in the RFP, the revised amount
will be calculated by multiplying the actual area with the quoted rate (per sq yard) of the bidder.

6.24.3. In case the actual area is found to be less than 75% of the area shown in the RFP document, the
bidder if so, desires can withdraw from purchasing and in that case, all the amounts paid by the
bidder will be returned back without any interest.

6.24.4. In case of any ambiguity in the areas surveyed by the Successful Bidder and the area mentioned,
a combined survey may be undertaken jointly by the Successful Bidder and the RINL and in that
21 | Page
 case, the cost of any such survey shall be borne equally by the RINL and the Successful Bidder.
The area that may be worked out from the joint survey of the Successful Bidder and the RINL shall
be binding on the parties.

6.24.5. RINL/ NLMC/ NBCC shall not be held responsible in any manner with respect to schedule or
surrounding developments in terms of sale deed or layout plan.

6.25. RINL shall pay all outgoings/dues whatsoever pertaining to the block (s)/plot (s) in the Said Property
to Competent Authorities before transferring the physical and peaceful possession by RINL to the
Successful Bidder. If RINL does not pay all or any of the outgoings /dues before transferring the plot
I block to the Successful Bidder, RINL shall be liable, even after the transfer of property to pay such
outgoings /dues pertaining to the plot I block, till the date of transfer.

6.26. Without prejudice to the other rights that RINL may have under this Agreement and/ or under the
applicable laws, if the bidder delays in payment towards any amount which is payable by them in
terms of this Agreement, the allotment would stand cancelled automatically and nothing is payable
to the Successful Bidder.

6.27. Compliance of Laws Relating to Remittances: The Bidder, if resident outside India, shall be solely
responsible for complying with the necessary formalities as laid down in Foreign Exchange
Management Act, 1999 ("FEMA"), Reserve Bank of India Act, 1934 and the rules and regulations
made thereunder or any statutory amendment(s) modification(s) made thereof and all other
applicable laws including that of remittance of payment acquisition/sale/transfer of immovable
properties in India etc., and provide RINL with such permission, approvals which would enable RINL
to fulfil their obligations . Any refund, transfer of security, if provided shall be made in accordance
with the provisions of FEMA or the statutory enactments or amendments thereof and the rules and
regulations of the Reserve Bank of India or any other applicable law. The Bidder understands and
agrees that in the event of any failure on its part to comply with the applicable guidelines issued by
the Reserve Bank of India, he/she/ it may be liable for any action under FEMA or other applicable
laws, as amended from time to time.

6.28. RINL / NLMC/ NBCC accept no responsibility in regard to matters specified in RFP. The Bidder shall
keep RINL / NLMC/ NBCC fully indemnified and harmless in this regard. Whenever there is any
change in the residential status of the Successful Bidder, it shall be the sole responsibility of the
Successful Bidder to intimate the same in writing to said representative of RINL & NBCC
immediately and comply with necessary formalities if any under the applicable laws. RINL/ NLMC/
NBCC shall not be responsible towards any third-party making payment/remittances on behalf of any
Successful Bidder and such third party shall not have any right in the application/allotment in any
way and RINL shall be issuing the payment receipts in favour of the Successful Bidder only.

6.29. Adjustment/Appropriation of Payments: The Successful Bidder authorizes RINL to

adjust/appropriate all payments made by him/her/it under any head(s) of dues against lawful
outstanding of the Successful Bidder for the rights over the Land/ plot/ block, if any, in its name and
the Successful Bidder undertakes not to object/demand/direct RINL to adjust its payments in any
manner.

6.30. Time is Essence: Time is of essence for RINL as well as the Bidder. RINL shall abide by the time
schedule for handing over the the block (s)/plot (s) in the Said Property to the Successful Bidder.
Similarly, the Successful Bidder shall make timely payments of the installments of Total Sale
22 | Page
 Premium and all other dues, taxes payable by him in terms of the Payment Plan and meeting its
other obligations under this Agreement.

6.31. Dispute Resolution/Arbitration: Subject to the provisions of Clause 4.10, any dispute between
RINL / NBCC (disputes pertains to Auction methodology and process) and the Successful Bidder
arising out of or in connection with the Acceptance Letter issued to the Successful Bidder (s), shall
be referred to and finally resolved by arbitration administered by the India International Arbitration
Centre (“IIAC”) in accordance with the India International Arbitration Centre (Conduct of Arbitration)
Regulations (“IIAC Regulations”) for the time being in force, which regulations are deemed to be
incorporated by reference in this clause.

The Arbitral Tribunal shall consist of a sole Arbitrator.

The aforesaid Arbitration proceedings shall be governed by the provisions of Arbitration and
Conciliation Act, 1996 (hereinafter referred to as the ‘Act’) of India and the statutory modifications/
amendments thereto.

The seat and venue of Arbitration shall be at Visakhapatnam, Andhra Pradesh. The language of
Conciliation/ Arbitration shall be English.

The award made in pursuance of above shall be a reasoned award and shall be final and binding on
both the parties.

Both parties agree that neither party shall be entitled to any interest on the claim(s) in any arbitration
and in Court of Law.

The courts at Visakhapatnam, with the exclusion of all other courts shall alone have jurisdiction over
all matters. The governing law shall be Laws of India.

In the event of any dispute or difference relating to the interpretation and application of the provisions
of contract between Central Public Sector Enterprises (CPSEs)/Port Trusts inter se and also between
CPSEs and Government Departments/Organizations other than disputes related to taxation, such
dispute or difference shall be taken up by either E/DSC party for resolution through AMRCD as
mentioned in DPE OM No.4(1)/2013-DPE(GM)/FTS-1835 dated. 22.5.2018 and any other
instructions/guidelines issued from time to time.

6.32. Force Majeure: RINL / NLMC/ NBCC or any other Govt. agency shall not be liable for any failure or
delay in performance due to any cause beyond their control including fires, floods, strikes,
pandemic, go-slow, lockout, closure, dispute with staff, dislocation of normal working conditions, war,
riots, epidemics, political upheavals, Government's actions, civil commotion, breakdown of
machinery, terrorism, shortage of labour acts, demand or otherwise or any other cause or conditions
beyond the control of aforesaid causes or not and the existence of such cause or consequence may
operate at the sole discretion of Government to extend the time of performance on the part of RINL
by such period as may be necessary to enable RINL to effect performance after the cause of delays
will have ceased to exist. The provisions aforesaid shall not be limited or abrogated by any other
terms of the contract whether printed or written. RINL shall not give any indemnity with respect to the
Said Property.

23 | Page
 Annexure – I
Property Details:
Sl Details of land Area, Present Land Reserve Value of the Pre Bid Property Approach road Property Surroundings
No blocks/plots Sq.yds Use Price, property at EMD in Rs North East South West
Rs /Sq.yard Reserve Price, Lakhs
Rs Lakhs
I At HB Colony, Maddilapalem, Visakhapatnam (AP) – (Block will be sold as single unit)
(A) BLOCKS (will be sold as a single unit)
1 Block No. 5 : 4,104.05 Residential 81,900 3,361.22 100.84 40' road on North & East 40' road 30' road 30' road Pvt property
Plot No: 324-350 30' road on South
(27 Plots)

2 Block No. 7 : 1,610.82 Residential 78,000 1,256.44 37.69 30' road on all 4 sides 30' road 30' road 30' road 30' road
Plot No:285-294
(10 plots)
3 Block No. 8 : 2,725.44 Residential 78,000 2,125.84 63.78 30' road on all 4 sides 30' road 30' road 30' road 30' road
Plot No:267-284
(18 plots)
4 Block No. 9 : 2,463.90 Residential 78,000 1,921.84 57.66 30' road on all 4 sides 30' road 30' road 30' road 30' road
Plot No:251-266
(16 plots)
5 Block No. 13 : 5,081.99 Residential 81,900 4,162.15 124.86 40' road on North & 30' road 40' road 30' road 30' road 30' road
Plot No:154-187 on 3 sides
(34 plots)
6 Block No. 35 : 2,637.45 Residential 81,900 2,160.07 64.80 40' road on West 30' road 30' road 30' road 40' road
Plot No:419-435 30' road on all other sides
(17 plots)
7 Block No. 36 : 1,099.95 Residential 81,900 900.86 27.03 40' road on West 30' road 30' road 30' road 40' road
Plot No:408-410 & 415- 30' road on all other sides
418 (7 plots)
8 Block No. 37 : 1,858.93 Residential 78,000 1,449.97 43.50 30' road on all 4 sides 30' road 30' road 30' road 30' road
Plot No:436-447
(12 plots)
9 Block No. 38 : 1,368.83 Residential 81,900 1,121.07 33.63 40' road on west & 30' road 30' road 30' road 40' road
Plot No:377-380 & 403- 30' road on 3 sides
407(9 plots)
10 Block No. 39 : 3,208.83 Residential 78,000 2,502.89 75.09 30' road on North, West & 30' road Pvt 30' road 30' road
Plot No:381-402 South property
(22 plots)
11 Block No. 40 : 2,997.38 Residential 78,000 2,337.96 70.14 30' road on all 4 sides 30' road 30' road 30' road 30' road
Plot No:448-467
(20 plots)
12 Block No. 41 : 2338.63 Residential 78,000 1,824.13 54.72 30' road on North, East & 30' road 30' road Pvt 30' road
Plot No:527-533 & 535- West property
536 & 538-544
(16 plots)
13 Block No. 44: 5,347.46 Residential 78,000 4,171.02 125.13 30' road on North, East & 30' road 30' road 30' road Pvt property
Plot No:169-178 & 182- South
189(18 plots)
14 Block No. 46: 635.25 Residential 85,800 545.04 16.35 60' road on North & 60' road Pvt Pvt 30' road
Plot No:22-23 30' road on West property property
(2 plots)
Total 37,478.91 29,840 895.21

24 | Page
Sl Details of Area, Present Reserve Price, Value of the Pre Bid EMD, Property Approach road Property Surroundings
No land blocks/ Sq.yds Land Use Rs /Sq. yard property at Rs Lakhs
North East South West
plots Reserve Price,
Rs Lakhs
I At HB Colony, Maddilapalem, Visakhapatnam (AP)
(B) PLOTS
(In Block
No. 01)
1 351 133.83 Residential 85,800 114.83 3.44 40' rd on North & 40' road 30' road Plot No: 352 Pvt property
30' rd on East
2 352 146.66 Residential 79,950 117.25 3.52 30' rd on East Plot No: 351 30' road Plot No: 353 Pvt property
3 353 144.22 Residential 79,950 115.30 3.46 30' rd on East Plot No: 352 30' road Plot No: 354 Pvt property
4 354 146.66 Residential 76,050 111.53 3.35 30' rd on East Plot No: 353 30' road Plot No: 355 Pvt property
5 355 147.44 Residential 79,950 117.88 3.54 30' rd on East Plot No: 354 30' road Plot No: 356 Pvt property
6 356 144.22 Residential 79,950 115.30 3.46 30' rd on East Plot No: 355 30' road Plot No: 357 Pvt property
7 357 147.88 Residential 81,900 121.11 3.63 30' rd on South & Plot No: 356 30' road 30' road Pvt property
30' rd on East
(In Block
No. 15)
8 216 136.88 Residential 76,050 104.10 3.12 30' rd on East & South Plot No: 223 & 224 Pvt property 30' road Plot No: 217

9 217 136.88 Residential 76,050 104.10 3.12 30' rd on South Plot No: 222 & 223 Plot No: 216 30' road Plot No: 218

10 218 136.88 Residential 76,050 104.10 3.12 30' rd on South Plot No: 221 & 222 Plot No: 217 30' road Pvt property
11 220 166.22 Residential 76,050 126.41 3.79 30' rd on North 24' road Plot No: 221 Pvt property Pvt property
12 221 139.33 Residential 76,050 105.96 3.18 30' rd on North 24' road Plot No: 222 Plot No: 218 Plot No: 220
13 222 134.44 Residential 76,050 102.24 3.07 30' rd on North 24' road Plot No: 223 Plot No: 217 & 218 Plot No: 221
14 223 136.88 Residential 76,050 104.10 3.12 30' rd on North 24' road Plot No: 224 Plot No: 216 & 217 Plot No: 222
15 224 168.66 Residential 78,000 131.55 3.95 30' rd on North & East 24' road 30' road Plot No: 216 Plot No: 223
(In Block
No. 16)
16 141 146.66 Residential 81,900 120.11 3.60 30' rd on North & West 30' road Plot No: 142 Pvt property 30' road

17 142 146.66 Residential 79,950 117.25 3.52 30' rd on North 30' road Plot No: 143 Pvt property Plot No: 141

18 143 146.66 Residential 79,950 117.25 3.52 30' rd on North 30' road Plot No: 144 Pvt property Plot No: 142

19 144 146.66 Residential 79,950 117.25 3.52 30' rd on North 30' road Plot No: 145 Pvt property Plot No: 143

20 145 146.66 Residential 79,950 117.25 3.52 30' rd on North 30' road Plot No: 146 Plot No: 148 Plot No: 144

21 146 168.66 Residential 78,000 131.55 3.95 30' rd on North & East 30' road 30' road Plot No: 147 Plot No: 145

22 147 232.22 Residential 78,000 181.13 5.43 30' rd on South Plot No: 146 30' road 30' road Plot No: 148

23 148 146.66 Residential 76,050 111.53 3.35 30' rd on South & East Plot No: 145 Plot No: 147 30' road Pvt property

(In Block
No. 17)
24 194 146.66 Residential 76,050 111.53 3.35 30' rd on South Pvt property Pvt property 30' road Plot No: 195

25 195 147.88 Residential 76,050 112.46 3.37 30' rd on South Pvt property Plot No: 194 30' road Plot No: 196

26 196 146.66 Residential 76,050 111.53 3.35 30' rd on South Pvt property Plot No: 195 30' road Plot No: 197

27 197 146.66 Residential 76,050 111.53 3.35 30' rd on South Pvt property Plot No: 196 30' road Pvt property

(In Block 0.00

No. 18)
28 179 362.00 Residential 76,050 275.30 8.26 30' rd on South & West Pvt property Plot No: 180 30' road 30' road

29 180 287.76 Residential 76,050 218.84 6.57 30' rd on South Plot No: 213 Plot No: 181 30' road Plot No: 179

30 181 276.51 Residential 76,050 210.29 6.31 30' rd on South Plot No: 213 Pvt property 30' road Plot No: 180

31 213 146.66 Residential 79,950 117.25 3.52 30' rd on North 30' road Pvt property Plot No: 180/181 Pvt property

(In Block
No. 19)
32 570 173.55 Residential 81,900 142.14 4.26 30' rd on North & 24' on 30' road Plot No: 602 Plot No: 571 24' road
West
33 571 146.66 Residential 74,100 108.68 3.26 24' road on west Plot No: 570 Plot No: 582 Plot No: 572 24' road

34 572 146.66 Residential 70,200 102.96 3.09 24' road on west Plot No: 571 Plot No: 582 Plot No: 573 24' road

35 573 145.44 Residential 74,100 107.77 3.23 30' road on west Plot No: 572 Plot No: 581 Plot No: 574 30' road

36 574 147.88 Residential 74,100 109.58 3.29 30' road on west Plot No: 573 Plot No: 580 & 581 Plot No: 575 30' road

37 575 145.44 Residential 74,100 107.77 3.23 30' road on west Plot No: 574 Plot No: 580 & 579 Plot No: 576 30' road

38 576 144.39 Residential 74,100 106.99 3.21 30' road on west Plot No: 575 Plot No: 579 Plot No: 577 30' road

39 577 144.22 Residential 76,050 109.68 3.29 24' road on west & South Plot No: 576 Plot No: 578 24' road 24' road

40 578 178.44 Residential 78,000 139.18 4.18 24' road on South & East Plot No: 579 24' road 24' road Plot No: 577

41 579 146.66 Residential 76,050 111.53 3.35 24'' road on East Plot No: 580 24' road Plot No: 578 Plot No: 575 & 576

42 580 146.66 Residential 72,150 105.82 3.17 24'' road on East Plot No: 581 24' road Plot No: 579 Plot No: 574 & 575

43 581 264.00 Residential 74,100 195.62 5.87 24'' road on East & North 24' road 24' road Plot No: 580 Plot No: 573 & 574

25 | Page
Sl Details of Area, Present Reserve Price, Value of the Pre Bid EMD, Property Approach road Property Surroundings
No land blocks/ Sq.yds Land Use Rs /Sq. yard property at Rs Lakhs
North East South West
plots Reserve Price,
Rs Lakhs
I At HB Colony, Maddilapalem, Visakhapatnam (AP)
(B) PLOTS
(In Block
No. 20)
44 561 185.16 Residential 74,100 137.20 4.12 24'' road on North & 30' 24' road Plot No: 568 & 569 Plot No: 562 30' road
road on west
45 562 146.66 Residential 74,100 108.68 3.26 24' road on West Plot No: 561 Plot No: 567 & 568 Plot No: 563 24' road
46 563 143.00 Residential 74,100 105.96 3.18 24' road on West Plot No: 562 Plot No: 566 & 567 Plot No: 564 24' road
47 564 212.05 Residential 74,100 157.13 4.71 24' road on West Plot No: 563 Plot No: 565 & 566 Pvt property 24' road
48 565 128.94 Residential 76,050 98.06 2.94 24' road on South & East Plot No: 566 24' road 24' road Plot No:564
49 566 147.88 Residential 76,050 112.46 3.37 24' road on East Plot No: 567 24' road Plot No: 565 Plot No: 563 & 564
50 567 146.66 Residential 76,050 111.53 3.35 24' road on East Plot No: 568 24' road Plot No: 566 Plot No: 562 & 563
51 568 147.88 Residential 76,050 112.46 3.37 24' road on East Plot No: 569 24' road Plot No: 567 Plot No: 561 & 562
52 569 215.72 Residential 74,100 159.85 4.80 24'' road on North & East 24' road 24' road Plot No: 568 Plot No: 561
(In Block
No. 21)
53 616 179.66 Residential 78,000 140.13 4.20 24' road on North & East 24' road Plot No:617 Plot No:621 24' road

54 617 139.33 Residential 76,050 105.96 3.18 24' road on North 24' road Pvt property Plot No:622 Plot No:616
55 618 139.33 Residential 76,050 105.96 3.18 24' road on North 24' road Plot No:619 Plot No:625 Pvt property
56 619 138.11 Residential 76,050 105.03 3.15 24' road on North 24' road Plot No:620 Plot No:626 Plot No:618
57 620 139.33 Residential 78,000 108.68 3.26 24' road on North & West 24' road 24' road Plot No:627 Plot No:619
58 621 137.05 Residential 76,050 104.23 3.13 24' road on West & on Plot No:616 Plot No:622 24' road 24' road
59 622 147.50 Residential 72,150 106.42 3.19 24' road on South Plot No:617 Plot No:623 24' road Plot No:621
60 623 138.89 Residential 72,150 100.21 3.01 24' road on South Pvt property Plot No:624 24' road Plot No:622
61 624 140.12 Residential 72,150 101.10 3.03 24' road on South Pvt property Plot No:625 24' road Plot No:623
62 625 141.35 Residential 72,150 101.98 3.06 24' road on South Plot No:618 Plot No:626 24' road Plot No:624
63 626 138.89 Residential 72,150 100.21 3.01 24' road on South Plot No:619 Plot No:627 24' road Plot No:625
64 627 140.12 Residential 78,000 109.29 3.28 24'' road on East & South Plot No:620 24' road 24' road Plot No:626
(In Block
No. 29)
65 76 295.00 Residential 79,950 235.85 7.08 30' road on West & South Pvt property Plot No:77 30' road 30' Rroad
66 77 297.50 Residential 76,050 226.25 6.79 30' road on South Pvt property Plot No:78 30' road Plot No:76
67 78 298.75 Residential 76,050 227.20 6.82 30' road on South Pvt property Plot No:79 30' road Plot No:77
68 79 300.00 Residential 76,050 228.15 6.84 30' road on South Pvt property Plot No:80 30' road Plot No:78
69 80 276.66 Residential 76,050 210.40 6.31 30' road on South Plot No: 211 Plot No:81 30' road Plot No:79
70 81 344.16 Residential 81,900 281.87 8.46 30' road on South & 40' Plot No: 211 40' road 30' road Plot No:80
road on East
71 211 155.22 Residential 81,900 127.13 3.81 30' road on North & 40' 30' road 40' road Plot No:81 Pvt property
road on East
(In Block
No. 30)
72 2 331.56 Residential 83,850 278.01 8.34 60' rd on South Pvt property Pvt property 60' road Pvt property
(In Block
No. 33)
73 496 202.44 Residential 79,950 161.85 4.86 30' rd on South Pvt property Plot No: 495 30' road 30' road
74 495 139.65 Residential 76,050 106.20 3.19 30' rd on South Pvt property Plot No: 494 30' road Plot No: 496
75 494 142.00 Residential 76,050 107.99 3.24 30' rd on South Pvt property Plot No: 493 30' road Plot No: 495
76 483 143.33 Residential 76,050 109.00 3.27 30' rd on South Pvt property 30' Approach/Steps 30' road Plot No: 484

77 484 145.44 Residential 76,050 110.61 3.32 30' rd on South Pvt property Plot No: 483 30' road Plot No: 485
78 485 146.66 Residential 76,050 111.53 3.35 30' rd on South Pvt property Plot No: 484 30' road Plot No: 486
79 486 146.66 Residential 76,050 111.53 3.35 30' rd on South Pvt property Plot No: 485 30' road Plot No: 487
80 487 138.83 Residential 76,050 105.58 3.17 30' rd on South Pvt property Plot No: 486 30' road Plot No: 488
81 488 140.83 Residential 76,050 107.10 3.21 30' rd on South Pvt property Plot No: 487 30' road Plot No: 489
82 489 140.83 Residential 76,050 107.10 3.21 30' rd on South Pvt property Plot No: 488 30' road Plot No: 490
83 490 140.83 Residential 76,050 107.10 3.21 30' rd on South Pvt property Plot No: 489 30' road Plot No: 491
84 491 139.65 Residential 76,050 106.20 3.19 30' rd on South Pvt property Plot No: 490 30' road Plot No: 492
85 492 139.65 Residential 76,050 106.20 3.19 30' rd on South Pvt property Plot No: 491 30' road Plot No: 493
86 493 139.65 Residential 76,050 106.20 3.19 30' rd on South Pvt property Plot No: 492 30' road Plot 494 e
26No:| Pag
Sl Details of Area, Present Reserve Price, Value of the Pre Bid EMD, Property Approach road Property Surroundings
No land blocks/ Sq.yds Land Use Rs /Sq. yard property at Rs Lakhs
North East South West
plots Reserve Price,
Rs Lakhs
I At HB Colony, Maddilapalem, Visakhapatnam (AP)
(B) PLOTS
(In Block
No. 34)
87 468 156.51 Residential 78,000 122.08 3.66 30' rd on South & East Pvt property 30' road 30' road Plot No: 469
88 469 155.00 Residential 76,050 117.88 3.54 30' rd on South Pvt property Plot No: 468 30' road Plot No: 470
89 470 153.33 Residential 76,050 116.61 3.50 30' rd on South Pvt property Plot No: 469 30' road Plot No: 471
90 471 150.40 Residential 76,050 114.38 3.43 30' rd on South Pvt property Plot No: 470 30' road Plot No: 472
91 472 150.00 Residential 76,050 114.08 3.42 30' rd on South Pvt property Plot No: 471 30' road Plot No: 473
92 477 143.33 Residential 76,050 109.00 3.27 30' rd on South Pvt property Plot No: 476 30' road Plot No: 478
93 478 143.33 Residential 76,050 109.00 3.27 30' rd on South Pvt property Plot No: 477 30' road Plot No: 479
94 479 144.16 Residential 72,150 104.01 3.12 30' rd on South Pvt property Plot No: 478 30' road Plot No: 480
95 480 143.79 Residential 76,050 109.35 3.28 30' rd on South Pvt property Plot No: 479 30' road Plot No: 481
96 481 146.66 Residential 76,050 111.53 3.35 30' rd on South Pvt property Plot No: 480 30' road Plot No: 482
97 482 159.45 Residential 72,150 115.04 3.45 30' rd on South & west Pvt property Plot No: 481 30' road 30' Approach/Steps

98 476 143.33 Residential 76,050 109.00 3.27 30' rd on South Pvt property Plot No: 475 30' road Plot No: 477
99 475 143.68 Residential 76,050 109.27 3.28 30' rd on South Pvt property Plot No: 476 30' road Plot No: 478
100 473 145.00 Residential 76,050 110.27 3.31 30' rd on South Pvt property Plot No: 472 30' road Plot No: 474
101 474 142.50 Residential 76,050 108.37 3.25 30' rd on South Pvt property Plot No: 473 30' road Plot No: 475
(In Block
No. 36)
102 412 190.66 Residential 78,000 148.71 4.46 30' rd on South & East Plot No: 413 30' road 30' road Plot No: 411
103 413 209.00 Residential 81,900 171.17 5.14 30' rd on North & East 30' road 30' road Plot No: 412 Plot No: 414
104 414 143.33 Residential 79,950 114.59 3.44 30' rd on North 30' road Plot No: 413 Plot No: 411 Plot No: 415
(In Block
No. 42)
105 89 313.54 Residential 79,950 250.68 7.52 30' rd on North 30' road Plot No: 90 Pvt property Plot No: 88
106 90 317.00 Residential 79,950 253.44 7.60 30' rd on North 30' road Plot No: 91 Pvt property Plot No: 89
107 91 382.66 Residential 79,950 305.94 9.18 30' rd on North 30' road Plot No: 92 Pvt property Plot No: 90
108 92 450.29 Residential 79,950 360.01 10.80 30' rd on North 30' road Plot No: 93 Pvt property Plot No: 91
109 82 341.00 Residential 81,900 279.28 8.38 30' rd on North & 40' rd on 30' road 40' road Pvt property 30' road
East
110 88 222.57 Residential 79,950 177.94 5.34 30' rd on North 30' road Plot No: 89 Pvt property Plot No: 87
111 87 282.44 Residential 79,950 225.81 6.77 30' rd on North 30' road Plot No: 88 Pvt property Plot No: 86
Total 19,650.60 15,164.67 454.94

Sl Details of Area, Present Land Use Reserve Value of Pre Bid Property Approach road Property Surroundings
No land Sq.yds Price, the EMD, North East South West
blocks/ Rs /Sq. property at Rs
plots yard Reserve Lakhs
Price,
Rs Lakhs
II At Auto nagar, Gajuwaka, Visakhapatnam (AP)
1 Block No. 1 1,676 Presently Residential. 32,000 536.29 16.09 80' road on West & 60' Pvt Pvt 60' road 80' road
However, as per VMRDA road on south property property
2041 Masteri Plan, it is
Industrial
2 Block No. 2 2,728.00 Presently Residential. 30,000 818.40 24.55 60' road on south Pvt Pvt 60' road Pvt
However, as per VMRDA property property property
2041 Masteri Plan, it is
Industrial
3 Block No. 3 2,894.44 Residential 31,000 897.28 26.92 20' road on North, 30' 20' road Pvt 60' road 30' road
road on west & 60' road property
on south
4 Block No. 4 2,414.44 Residential 31,000 748.48 22.45 30' road on West & 60' 60' road Pvt Pvt 30' road
road on North property property

Total 9,712.78 3,000.44 90.01

Sl Details of Area, Present Land Reserve Value of the Pre Bid Property Property Surroundings
No land Sq.yds Use Price, property at EMD, Approach road North East South West
blocks/ Rs /Sq. Reserve Rs
plots yard Price, Lakhs
Rs Lakhs
III At Pedgantyada, Visakhapatnam (AP)
1 Block No. 1 434.75 Residential 20,500 89.12 2.67 60' road on 60' road 20' road Pvt 30' road
North property
Note: The road widths mentioned at property approach road / surroundings are indicative and the same may vary/non-uniform on
ground.

27 | Page
 Annexure II
APPLICATION FORM

This form is to be submitted by the all the prospective bidder (s) along with RFP document Digitally signed
by authorized representative as token of acceptance of terms & conditions of document.

The particular of the applicant(s) / bidder(s) are given for reference and record.

A. PARTICULARS OF THE BIDDER

1. Name (Individual / Company / Trust : ............................................

Co-operative society /Organization (IN CAPITAL)

2. Status of Legal and bidder(s) : ............................................

(Whether individual, sole proprietorship, firm, company, trust, society etc.,)

3. i) Date of incorporation : ............................................

(In case of bidder being other than Individual)

ii) Incorporating Authority : ………………………………..

iii) Date of birth (in case of individual) : ..............................................

4. Whether the buyer is competent to contract under Indian Contract Act, 1872, Foreign Exchange
Management Act, 1999 and FDI policy of Government of India (Tick whichever is applicable)
YES NO

5. Name of the authorized

signatory of the Bidder

: Mr./Mrs./Ms.....................................

: Designation.........…….....................

6. Name of Father/Husband of the Bidder:...............................................

(In case of individual)

7. Nationality ………………………………………… Age:.............................................

8. Full residential / registered address:

....................................................................................................................

....................................................................................................................

....................................................................................................................

28 | Page
 9. Correspondence address:
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………

10. Permanent Account Number (PAN) of the Bidder: .............….………………………………

(Photocopy of the PAN CARD is to be enclosed)

11. Contact Numbers/ Name

Office : .........…....………………….
Res : .........…....………………….
Mobile : .........…....………………….
E MAIL- ID : .........…....………………….

12. Bank Details for refund of amount

Name of the Bank : ……………………………..........................………

Name of the branch and its address : ………………………………………………........…
Account number of the Bidder : …………………………….....................………….
RTGS code of the bank : ………………………………...................…………

13. DETAIL OF LAND PLOT/BLOCK APPLYING FOR (additional rows can be added if the buyer is the
highest bidder for more than one Land)

Sr. Details of Area in Reserve Actual Bid EMD

No. Land Plot/ Sq yds Sale price price in
Block Rs per Sq yd Rs per Sq yd
1
Rs .........................

* GST /all other taxes as applicable shall be charged extra

Note:
I/We the undersigned hereby apply to RINL for allowing me/us for the allotment of Plot(s)/Block(s) (details
whereof have been mentioned above) on outright sale basis.

I/We have read and understood terms & conditions of Sale/Purchase as well as the conditions contained
in the RFP document and hereby unequivocally accept the same.

I/We also understand that I/We shall be legally bound to purchase the Plot/Block at the final bid price
offered by me in the e-auction, subject to selection / acceptance by RINL.

Notwithstanding the fact that RINL has issued a receipt of an acknowledgement of the money tendered
with this Application Form, I have clearly understood that this Application Form does not constitute any
kind of contract including sale confirmation or an agreement to sell and I/we have no right, interest or
entitlement towards allotment of the Land Plot/Block.

I/We understand that the necessary stamp duties/ payments to local / statutory authorities shall be borne

29 | Page
 by the successful bidder/buyer.

I/We have sought detailed information pertaining to all aspects of the said plot(s)/block(s) in the Said
Property and after a careful consideration of all facts, terms and conditions; I/We have signed and
submitted this Application Form being fully conscious of my/our liabilities and obligations.

In case any detail mentioned in this Application Form is found to be false, I /we agree that the bid shall be
summarily rejected and RINL shall, without prejudice to any other right or remedy, be at liberty to forfeit
the full EMD.

I/We shall pay the balance amount payable as per the Payment Schedule, execute the agreement to
sell/purchase in the prescribed Performa attached herein and in accordance with the terms & conditions
of the RFP document.

An acknowledgment / acceptance of terms & conditions mentioned in this RFP document is also signed
and being submitted along with the Application Form, as a token of acceptance of the same
unconditionally.

Date:

Place:
Signature of the buyer or
on behalf of the buyer/
Authorized Signatory

Note:

a) Any correction in the Application Form and the Acceptance of Terms & Conditions of Sale/Purchase
should be initialed by the Applicant/ authorized signatory thereof.

b) All pages of the Application Form and the Acceptance of Terms & Conditions of Sale/Purchase should
be signed by the Applicant/ authorized signatory thereof.

c) A copy of MoA/ AoA / partnership deed/ trust deed etc. wherever applicable shall also be furnished with
the Application Form.

d) In case of more than one applicant (but subject to maximum of three), please attach additional sheets
setting out the particulars of all such additional co- applicants.

e) A copy of Authorization Letter in favour of Authorised Signatory shall also be furnished with the
Application Form.

30 | Page
 Annexure III

ACCEPTANCE LETTER

[On the Letterhead of RINL]

To,

M/s [Final Successful Bidder]

Kind Attention: Mr. ……………….

This refers to acceptance of commercial bid made by [Final Successful Bidder] for the purchase of
Plots/Blocks held by Rashtriya Ispat Nigam Limited (RINL)to an extent of at HB Colony-
Maddilapalem / Auto Nagar / Pedagantyada in Visakhapatnam, Andhra Pradesh (the “Said Property”);
collectively, referred to as the (Transaction).

I/We, RINL hereby confirm that after evaluating and screening bids made by Bidders, the Bid of INR [●]
(INDIAN RUPEES [●] ONLY) made by [Name of Successful Bidder] has been accepted. [Name of the
Bidder] shall submit the signed copy of the Acceptance Letter along with proof of payment of 10% of total
value as 1st installment within 7 (seven) days of issue of this letter.

Signed Signed

Authorized Signatory Authorized Signatory

Rashtriya Ispat Nigam Limited [Final Successful Bidder Name]

Seal Seal

Date Date

31 | Page
 Annexure-IV

POWER OF ATTORNEY

(To be appropriately stamped on non-judicial stamp paper of appropriate value as per Stamp Act relevant
to place of execution and to be notarized and submitted by the Bidder/each Consortium Member submitting
the bid.)

(This annexure is not applicable for individuals who are representing themselves while submitting the RFP
and subsequently executing the sale deed if qualified as H1 Bidder)

To all to whom these presents shall come, I (individual) / We (name of the entity) residing at / having our
registered office/principal office at [address of the registered office/principal office / Individual] do hereby
exclusively, unconditionally and irrevocably constitute, nominate, appoint and authorize Mr./Ms. (name)
………………….….. son/daughter/wife of …………………. and presently residing at ……………………..
who is presently [designated by myself (in case of individuals) / employed with us (in case of entities) / the
Lead Member of our Consortium] and holding the position of ……………………., as our true and lawful
attorney (hereinafter referred to as the “Attorney”) to do in our name and on our behalf:

i. to do, execute, and perform all such acts, agreements, deeds, matters and things as are necessary or
required in connection with or incidental to submission of our application for qualification for the proposed
sale of the Said Property by Rashtriya Ispat Nigam Limited including but not limited to signing and
submission of all applications, participate in Bid and other conferences and providing information/ responses
to RINL/ Transaction Advisor and generally dealing with RINL/ Transaction Advisor/ in all matters in
connection with or relating to or arising out of our application for qualification for the Transaction and

ii. execution of the sale deed for the Transaction and to take all actions, deeds (including signing any
documents) in relation to the Transaction.

AND we hereby agree to ratify and confirm and do hereby ratify and confirm all acts, deeds and things done
or caused to be done by the Attorney pursuant to and in exercise of the powers conferred by this Power of
Attorney and that all acts, deeds and things done by the Attorney in exercise of the powers hereby conferred
shall and shall always be deemed to have been done by us concerning or touching these presents as fully
and effectually as if we were present and had done, performed or executed the same itself.

We confirm and declare that we have not executed any other power of attorney in favour of any other
person(s) in relation to the subject matter of this power of attorney and this power of attorney is irrevocable.

All the terms used herein but not defined shall have the meaning ascribed to such terms in the Request for
Proposal Document dated issued by RINL for sale of 13.89 Acres in the form of Plots / blocks at HB
Colony- Maddilapalem, Auto Nagar, Pedagantyada in Visakhapatnam, Andhra Pradesh (the “Said
Property”); collectively, referred to as the (Transaction).

IN WITNESS WHEREOF I/WE, IN THE ABOVE-NAMED PRINCIPAL HAVE EXECUTED THIS POWER OF
ATTORNEY ON THIS TH DAY OF 2

…………………………..

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(Signature, name, designation, and address)
In the presence of:
1.
2.
Accepted

(Name, Title and Address of the Attorney)

(To be duly notarized)

Notes:
i) The mode of execution of the Power of Attorney should be in accordance with the procedure, if any, laid
down by the applicable law and the charter documents of the executant(s) and when it is so required,
the same should be under common seal affixed in accordance with the required procedure. The Power
of Attorney shall be appropriately stamped and notarized.

ii) Wherever required, the Bidder should submit for verification the extract of the charter documents and
documents such as a board or shareholders’ resolution/ power of attorney in favour of the person
executing this Power of Attorney for the delegation of power hereunder on behalf of the Bidder.

iii) For a Power of Attorney executed and issued overseas, the document will also have to be legalized by
the Indian Embassy and notarized in the jurisdiction where the Power of Attorney is being issued.
However, the Power of Attorney provided by Bidders from countries that have signed The Hague
Legislation Convention 1961 are not required to be legalized by the Indian Embassy if it carries a
conforming Apostle certificate.

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 Annexure V

Authorization & Undertaking

(On Non Judicial stamp paper of Rs. 100/-)

We, (1) (Name of 1st partner),

(2) (Name of 2nd partner),

(3) (Name of 3rd partner) hereby authorize

M/s./Sh./Smt./Ms. (Name of lead

partner) to act as lead partner to sign the bid RFP document, to make payments and conclude the
sale/purchase on our behalf as per provisions of offer document.

We do ratify & confirm and agree to ratify & confirm that all the acts, deeds things done By
M/s./Sh./Smt./Ms. (Lead Partner) in respect to above offer shall be
binding on us. We shall be jointly & severally responsible for fulfilling the offer conditions, addendum(s)
etc. It is clearly understood by us that in case of default of any condition by any of us, RINL can cancel
the sale/allotment process and forfeit the application amount and / or any amount deposited by any of us
with RINL. We herewith confirm that in this eventuality we (individually or collectively) shall have no right
or lien on property & RINL at its sole option can proceed with the Sale of the property to any other party.

We further ratify & confirm and agree that we shall take the prior written permission/consent of the RINL
for sub-dividing the Land allotted to us for the purpose of subletting / leasing /resale and will abide by the
terms and conditions of RFP document.

In witness whereof those present have been signed by us on ................................... th day of 2024.

1) (1st partner)
…………………………………………………………………………………………………………

2) (2nd partner)
…………………………………………………………………………………………………………

3) (3rd partner)
…………………………………………………………………………………………......................

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 Annexure-VI

FORMAT FOR CONSORTIUM AGREEMENT (IN CASE OF CONSORTIUM)

[To be on non-judicial stamp paper of appropriate value as per Stamp Act relevant to place of
execution]

This Consortium Agreement ("Agreement") executed on this [●] day of [●] Two thousand twenty-four between
1. M/s [insert name of LeadMember] a partnership firm or Company
incorporated under the laws of and having its Registered Office at_ , having CIN
/ LLPIN/ registration/incorporation number (if applicable) (hereinafter called the "Member-
1", which expression shall include its successors, executors and permitted assigns);

2. M/s a partnership firm or Company incorporated under the laws of

and having its Registered Office at having CIN / LLPIN/
registration/incorporation number (if applicable) (hereinafter called the "Member-2", which
expression shall include its successors, executors and permitted assigns); and

3. M/s a partnership firm or Company incorporated under the laws of

and having its Registered Office at _having CIN / LLPIN/
registration/incorporation number (if applicable) (hereinafter called the "Member-3", which
expression shall include its successors, executors and permitted assigns), for the purpose of submitting
response to RFP dated [●] inviting bids for Transaction for relating to Said Property.

WHEREAS, each Member individually shall be referred to as the "Member" and all of the Members shall
be collectively referred to as the "Members" in this Agreement.

WHEREAS, RINL had issued RFP via advertisement dated [●];

WHEREAS the Instructions for participation in the e-Auction as per RFP stipulates that in case Bid is
being submitted by a Consortium of Bidders, the Members of the Consortium will have to submit a legally
enforceable Consortium Agreement in a format specified by RINL.

All the terms used in capitals in this Agreement but not defined herein shall have the meaning as per RFP.
NOW THEREFORE, THIS AGREEMENT WITNESSTH AS UNDER:

In consideration of the above premises and mutual agreements all the Members in this Consortium do
hereby mutually agree as follows:

1. We, the Members of the Consortium and Members to the Agreement do hereby unequivocally agree that
Member-1 (M/s [●]), shall act as the Lead Member as defined in the RFP for self and agent for and on
behalf of Member-2, [●], Member-3[●] and to submit the Bid;

2. We have formed consortium comprising of [●] members as follows:

(% of the shareholding of the consortium members to be provided) [●]

3. The Lead Member is hereby authorized by the Members of the Consortium and Members to the
Agreement to bind the Consortium and receive instructions for and on their behalf.

4. All Members shall be jointly and severally liable and responsible for ensuring the individual and collective

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 commitment of each of the Members of the Consortium in discharging all of their respective obligations.

5. We acknowledge that after the submission of the Bid, the composition of the Consortium shall be
maintained till the execution of Sale Deed, if it is shortlisted as the H1 Bidder.

6. We agree to form an investment vehicle (SPV), prior to signing the Sale Deed. The shareholding (on
equity share capital basis) of the Consortium SPV shall be the same as the shareholding of the Members
in the Consortium on a fully diluted basis. We further undertake that the shareholding of the Consortium
is and of SPV will be subject to the provisions of the RFP and any restrictions prescribed therein. It is
clarified that in case the Consortium forms the Consortium SPV as an LLP/partnership and not a
company, such participation shall be construed to mean partnership interest in the partnership.

7. We acknowledge that in the event we are selected as the H1 Bidder and make the investment through a
SPV then each Consortium Member, shall be jointly and severally liable for obligations of the SPV and
shall also be a party to the Sale Deed along with the SPV.

8. We acknowledge that RINL/ NBCC will have rights of enforcement as against the Consortium SPV and
also against the Consortium Members for breach of any undertakings made or agreements entered into
with RINL.

9. The Lead Member, on behalf of the Consortium, shall inter alia undertake full responsibility for liaising
with RINL/ NBCC.

10. The Lead Member shall be jointly and severally liable irrespective of its compliances or financial
commitments.

11. This Agreement shall be construed and interpreted in accordance with the Laws of India and courts at
Visakhapatnam alone shall have the exclusive jurisdiction in all matters relating thereto and arising
thereunder.

12. This Agreement shall come into effect on the day first above written and shall remain valid until the
Consortium has any unfulfilled obligation. In the event if the Consortium is the H1 Bidder and the
Consortium SPV signs the Sale Deed, this Agreement will be valid for so long as the Consortium SPV
has any unfulfilled obligations under such agreements.

13. The Lead Member is authorized and shall be fully responsible for the accuracy and veracity of the
representations and information submitted by the Members respectively from time to time in auction.

14. It is hereby expressly understood between the Members that no Member at any given point of time, may
assign or delegate its rights, duties, or obligations under the Transaction except with prior written consent
of RINL.

15. I/We further confirm that I/we am/are not disqualified in terms of the RFP. In the event we are attracted by
any of the disqualifications during the pendency of the process of property transfer, owing to change in
facts or circumstances, we undertake to immediately intimate the same to RINL/ NBCC.

16. Each Consortium Member represents, warrants, and covenants that:

a. It satisfies the Eligibility Criteria provided in the RFP.

b. It will execute the Sale Deed and cause the Consortium SPV to execute such Sale Deed.
c. It is not a member of any other consortium in relation to any bid made pursuant to the RFP.
d. It shall not change the composition of the Consortium (i.e., inclusion or exclusion of a member) or

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 e. proposed shareholding structure as mentioned in the submitted Bid in non-compliance of the RFP.
f. It shall provide a Self-Declaration for Security Clearance as required under the RFP and cause the
Consortium SPV to provide such Security Clearance as well.
g. All the parties of this Agreement will satisfy all the terms and conditions prescribed in the RFP.

17. This Agreement;

i. has been duly executed and delivered on behalf of each Member hereto and constitutes legal, valid,
binding, and enforceable obligation of each such Member.
ii. sets forth the entire understanding of the Members hereto with respect to the subject matter hereof;
and
iii. may not be amended or modified except in writing signed by each of the Members and with prior
written consent of RINL.

IN WITNESS WHEREOF, the Members have, through their authorized representatives, executed these
present on the Day, Month and Year first mentioned above.

For M/s ............................................. [Member 1]

………….………………………….(Signature, Name & Designation of the person authorized vide board

resolution/power of attorney duly executed by such partners as authorized by the partnership deed governing
such partnership dated [●])

Witnesses:

i. Signature……………………….
Name:
Address:

j. Signature………………………...
Name:
Address:

For M/s ............................................. [Member 2]

………….………………………….(Signature, Name & Designation of the person authorized vide board

resolution/power of attorney duly executed by such partners as authorized by the partnership deed governing
such partnership dated [●])

Witnesses:

k. Signature……………………….
Name:
Address:

ii. Signature………………………...
Name:
Address:

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For M/s ............................................. [Member 3]

………….………………………….(Signature, Name & Designation of the person authorized vide board

resolution/power of attorney duly executed by such partners as authorized by the partnership deed governing
such partnership dated [●])

Witnesses:

k. Signature……………………….
Name:
Address:

ii. Signature………………………...
Name:
Address:

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 Annexure - VII

AFFIDAVIT
(To be submitted by H1 bidder on non-judicial stamp paper of Rs. 100/- (Rupees
Hundred only) duly attested by Notary Public

Affidavit of Sh./Ms. …………………………………… S/o / D/o ………………………………………………………………

Residence of ……………………………………………………………………………………………………………………………..

I/we, the H1 bidder named above do hereby solemnly affirm and declare as under.

1. I/We is/are legally competent to bid/participate in the e-auction process as per the Terms
and Conditions of this RFP document including Foreign Exchange Management Act, 1999 and
FDI policy of Government of India etc.,

2. That the information/documents submitted by me/us along with the RFP/bid for Rashtriya
Ispat Nigam Limited (RINL) land plot / block …………….(details of property) at
(location of the property) in Visakhapatnam (A.P) to RINL /
NLMC / NBCC are genuine and true and nothing has been concealed.

3. I/We shall have no objection in case RINL / NLMC / NBCC verifies, if any of these from
issuing authority (ies). I/we shall also have no objection in providing the Original copy of
any of the document (s), in case RINL / NLMC / NBCC demands so for verification.

4. That I/we am/are well aware of the terms and conditions contained in the RFP and E-Auction
process and submit my bid/quote and agree to abide by the same in all respects and have
signed all the pages in confirmation thereof.

5. I/we hereby confirm that in case, any document, information submitted by me / us is found
to be incorrect / false / fabricated, RINL / NLMC / NBCC at its discretion may disqualify /
reject / terminate the bid / Cancel the allotment and also debar from participation of further
auctions of RINL Non-core assets/properties including forfeiture of all payments made
including EMD.

6. I/We is/are not barred by any government entity from participating in any e-
auction/bidding.

……………………………
(Bidder / Buyer Name & Signature)

Witness (Name & Sign.):

1.

2.

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