SCCL Tranche VI Scheme Document Cement Sub Sector Dated

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SCCL Tranche VI Scheme Document Cement Sub Sector Dated SCHEME DOCUMENT FOR AUCTION OF COAL LINKAGES IN THE CEMENT SUB-SECTOR FOR TRANCHE VI DECEMBER 2020 The Singareni Collieries Company Limited A Government Company Scheme Document (for cement sub-sector) Important Notice: The information contained in this Scheme Document for auction of coal-linkages in the cement sub-sector (“Scheme Document”) or subsequently provided to Bidder(s), whether verbally or in documentary or any other form by or on behalf of The Singareni Collieries Company Limited (“SCCL”) and/ or any of its employees or advisors, is provided to Bidder(s) on the terms and conditions set out in this Scheme Document. This Scheme Document is neither an agreement nor an offer by SCCL to the prospective Bidders or any other Person. The purpose of this Scheme Document is to provide interested parties with information that may be useful to them in making their Bids pursuant to this Scheme Document. This Scheme Document includes statements which reflect various assumptions and assessments arrived at by SCCL in relation to the non-regulated sector and the Lots. Such assumptions, assessments and statements do not purport to contain all the information that each Bidder may require. This Scheme Document may not be appropriate for all Persons and it is not possible for SCCL, its employees or advisors to consider the investment objectives, financial situation and particular needs of each party who reads or uses this Scheme Document. The assumptions, assessments, statements and information contained in the Scheme Document may not be complete, accurate, adequate or correct. Each Bidder should therefore, conduct its own investigations and analysis and should check the accuracy, adequacy, correctness, reliability and completeness of the assumptions, assessments, statements and information contained in this Scheme Document and obtain independent advice from appropriate sources before submitting a Bid. Information provided in this Scheme Document to the Bidder(s) has been collated from several sources some of which may depend upon interpretation of Applicable Law. The information given is not intended to be an exhaustive account of statutory requirements and should not be regarded as complete. SCCL accepts no responsibility for the accuracy or otherwise for any statement contained in this Scheme Document. SCCL, its employees and advisors make no representation or warranty and shall have no liability to any Person, including any Bidder under any law, statute, rules or regulations or tort, principles of restitution or unjust enrichment or otherwise for any loss, damages, cost or expense which may arise from or be incurred or suffered on account of anything contained in this Scheme Document or otherwise, including the accuracy, adequacy, correctness, completeness or reliability of the Scheme Document and any assessment, assumption, statement or information contained therein or deemed to form part of this Scheme Document or arising in any way from participation in this auction process. SCCL also accepts no liability of any nature whether resulting from negligence or otherwise howsoever caused, arising from reliance of any Bidder upon the statements contained in this Scheme Document. SCCL may, in its absolute discretion, but without being under any obligation to do so, update, Page 2 of 59 Scheme Document (for cement sub-sector) amend or supplement the information, assessment, process or assumptions contained in this Scheme Document. The issue of this Scheme Document does not imply that SCCL is bound to select a Bidder or Successful Bidder and SCCL reserves the right (without incurring any liability) to reject all or any of the Bidders or Bids without assigning any reason whatsoever. Each Bidder shall bear all its costs associated with or relating to the preparation and submission of its Bid including but not limited to preparation, copying, postage, delivery fees, expenses associated with any demonstrations or presentations which may be required by SCCL or any other costs incurred in connection with or relating to its Bid including the Process Fee and Bid Security. This Scheme Document is not transferable. Nothing contained in this Scheme Document shall be binding on SCCL or confer any right on the Bidders. Page 3 of 59 Scheme Document (for cement sub-sector) TABLE OF CONTENTS IMPORTANT NOTICE: ..................................................................................................................................... 2 1 DEFINITIONS ........................................................................................................................................... 6 2 INTRODUCTION .................................................................................................................................... 10 2.1 BACKGROUND ............................................................................................................................................... 10 2.2 THE POLICY .................................................................................................................................................. 10 2.3 THE COAL LINKAGES .................................................................................................................................... 10 3 AUCTION PROCESS .............................................................................................................................. 11 3.1 ELECTRONIC AUCTION .................................................................................................................................. 11 3.2 SCHEME DOCUMENT ..................................................................................................................................... 11 3.3 NORMATIVE COAL REQUIREMENT ................................................................................................................. 11 3.4 CONDITIONS TO AUCTION ..............................................................................................................................13 3.5 NON-DISCRIMINATORY ASCENDING CLOCK AUCTION PROCESS ....................................................................14 3.6 TESTS OF RESPONSIVENESS ........................................................................................................................... 18 3.7 PRE-BID CONFERENCE .................................................................................................................................. 19 3.8 SCHEDULE OF THE AUCTION PROCESS ........................................................................................................... 20 3.9 PERIODIC PAYMENTS BY THE SUCCESSFUL BIDDER ....................................................................................... 20 3.10 PROCESS FEE ............................................................................................................................................ 21 4 BID CRITERIA AND ELIGIBILITY CONDITIONS ............................................................................. 23 5 INSTRUCTIONS TO BIDDERS .............................................................................................................. 25 5.1 GENERAL TERMS OF BIDDING........................................................................................................................ 25 5.2 CHANGE IN CONTROL AND TRANSFER ............................................................................................................ 25 5.3 COST OF BIDDING .......................................................................................................................................... 26 5.4 VERIFICATION OF INFORMATION BY THE BIDDERS .........................................................................................26 5.5 VERIFICATION AND DISQUALIFICATION ......................................................................................................... 27 5.6 AMENDMENT OF THE SCHEME DOCUMENT .................................................................................................... 28 5.7 DUE DATE AND EXTENSION ........................................................................................................................... 28 5.8 REJECTION .................................................................................................................................................... 28 6 BID SECURITY ....................................................................................................................................... 30 7 PERFORMANCE SECURITY ................................................................................................................ 32 7.1 PERFORMANCE SECURITY ..............................................................................................................................32 7.2 FORFEITURE OF PERFORMANCE SECURITY ..................................................................................................... 33 8 FRAUD AND CORRUPT PRACTICES .................................................................................................. 34 9 OTHER PROVISIONS ............................................................................................................................ 36 ANNEXURE I – FORMAT OF UNDERTAKING .......................................................................................... 37 ANNEXURE II – POWER OF ATTORNEY FOR PARTICIPATION IN AUCTION PROCESS ................ 40 ANNEXURE III – FORMAT OF AFFIDAVIT ..............................................................................................
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