Kamarajar Port Limited CIN No

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Kamarajar Port Limited CIN No. : U45203TN1999GOI043322

(A Company of Chennai Port Trust)

Ministry of Ports, Shipping and Waterways

Invite Bids for

Partial funding of Rs. 150 Cr towards ongoing connectivity Projects of KPL

Tender No. : KPL/FIN/ RTL / 2021 Date : 12 th Janauary, 2021

General Manager (Fin) & CFO

INVITATION OF OFFER FOR RUPEE TERM LOAN

KPL intends to raise Rs.150 Cr through Rupee Term Loan from Scheduled Commercial Banks for a period of Five years tenor. For details, visit http://kamarajarport.gov.in/tenders . .

The tender schedule period is as under:

1 Date of publication on KPL 4th January, 2021 Website 2 Pre – Bid Meeting 11 th January, 2021 (15.00 Hrs) 3 Bids Submission start date 12 th January, 2021

4 Bids submission end date 1st February , 2021 (15.00 hrs)

5 Bids opening date 20 th January , 202 1 (15:30hrs) 6 Venue for Submission / Registered Office: Opening of Documents Kamarajar Port Limited, Jawahar Buildings, 17, Rajaji Salai, Chennai 600 001

7 Bid shall be addressed to The General Manager (Fin) & CFO Kamarajar Port Limited, Jawahar Buildings, 17, Rajaji Salai, Chennai 600 001.

M. Gunasekaran General Manager (Fin) Kamarajar Port Limited

INFORMATION MEMORANDUM

1. About KPL :

Kamarajar Port Limited (erstwhile Ennore Port Limited) was developed from a green field situation in the East Coast of India at a distance of about 20km to the north of Chennai Port. The Port was declared as a Major Port under the Indian Ports Act, 1908 in March 1999 and incorporated as a company (Kamarajar Port Limited) under the Companies Act, 1956 in October, 1999.Currently, 100% of equity share of Kamarajar port Limited is held by Chennai Port Trust.

2. Details of Projects to be financed & Status :

Kamarajar Port Limited (KPL) has undertaken the following infrastructure schemes related to Port Connectivity (Road/Rail) since 2018 to cater the increasing road/rail traffic movement of import / export of cargoes.

2.a. Development of Southern Port Access road (2 lane t0 4 lane) from Vallur Junction to Port main gate :

This project is part of “Sagarmala” flagship programme of Ministry of Ports, Shipping and Waterways. KPL and TNRDC (Tamil Nadu Road Development Company) entered into agreement in March 2018 for carrying the work on deposit basis. The Estimated Project Cost is Rs.195 Cr. KPL deposited an amount of Rs.40 Cr in Escrow account.

The Project consists of two stretches as follows:

Stretch- I – Widening of Port access road from Vallur Junction to Port access road junction (4.8 kms) Stretch- II – Widening of Port access road from NCTPS Junction to KPL Main Gate (2.3 kms)

Present Status:

Stretch-II work:

TNRDC awarded the work to M/s. P&C Projects P Ltd for the contract value of Rs.33.85 Cr (inc GST). The Contract period is 18 months and the Work commenced on 12.11.2018 and the expected date of completion is 31.03.2021.

Stretch-I work:

TNRDC awarded the work to M/s. P.S.T Engineering Construction on 30.03.2020 for Rs.77.47 Cr (in GST). The Contract Period is 24 months and the Contractor has commenced the works from 04.08.2020 and the expected date of completion is 30.06.2022.

2.b. Development of Southern Rail connectivity from Holding Yard-I to Container Terminal Rail yard of KPL.

This project is part of “Sagarmala” flagship programme of Ministry of Ports, Shipping and Waterways and NIP.KPL and IPRCL (Indian Port Rail & Ropeway Corporation Ltd) entered into agreement in March 2018 for carrying the work on deposit basis.The Estimated Project Cost is Rs.75Cr. KPL deposited an amount of Rs.40 Cr in Escrow account.

Total length of the proposed doubling is 2650 m, out of which 1446 m falls in CRZ area. Three existing major bridges and 7 box culverts need to be constructed, out of which 2 box culverts and 2 major bridges fall under the CRZ area and rest on the Non – CRZ area.CRZ Clearance obtained from MoEF&CC on 07.01.2020. The Consent to Establish from Tamil Nadu Pollution Control Board received on 31.03.2020.

Present Status:

Construction of Major Bridges (3 Nos of Bridges)

IPRCL awarded the work to M.Rajkumar, Erode on 10.12.2018. The Contract value Rs. 30.68 Crores and Contract period 15 months. The construction of one Major Bridge at Bridge No 7 of size 12 m span, Non CRZ area completed and the construction of Major Bridge No.16 of 40 m span at Buckingham Canal crossing is underway. The expected date of completion is 30.06.2022.

3.1 General Instructions to the BiddingBankers

3.1.1 KPL proposes to invite financial bids from the Scheduled Commercial Banks for part funding of ongoing Connectivity projects.

3.1.2 Only Scheduled Commercial Banks are eligible to quote.

3.1.3 Bids should be submitted individually and independently by all the eligible Banks. The eligible banks should not form any consortium.

3.1.4 The bidders are requested to submit their financial proposals as price bid strictly in the attached format at Annexure-A.

3.1.5 The loan has to be disbursed in instalments within a period of Six Months further extendable to Three Months as per the progress of the project and requirements of KPL.

3.1.6 KPL reserves the right to make early payment of the Rupee term loans at its discretion which would not attract any penal charges or prepayment premium.

3.1.7 Rate of Interest quoted strictly as per Annexure A

3.1.8 If a bank, whose offer has been accepted fails to disburse the loan amount then, KPL reserve the right to avail the loan amount partly or fully from any other bank at the risk & cost of the defaulting bank and any loss suffered by KPL on this account shall be indemnified from the defaulting bank.

3.1.9 KPL has been rated as “ICRA AA- / Stable” by ICRA Ltd. The outlook on the long-term rating is Stable. Instruments with this rating indicate high degree of safety regarding timely servicing of financial obligations.

3.1.10 The Bid should be valid for a period of 90 days from the date of opening the Price Bids. The Bidder should submit the price bid along with unconditional acceptance of the terms and conditions of the bid in the requisite format in the envelope. The proposal shall be submitted at KPL preferably by hand, at the address given below. Any bid received after the due date and time shall not be considered. The proposal may be submitted at the following address:

The General Manager (Fin) & CFO Kamarajar Port Limited, Jawahar Buildings, 17, RajajiSalai, Chennai 600 001.

3.1.11 The bidding banks should confirm that all information, documents, statements produced by them in their bid are true and complete and signed and stamped on their letterhead or under their seal by their authorized officer(s). Under no circumstances, the bidding bankers should give or withhold any information or statement or document that is likely to mislead the Borrower.

3.1.12 KPL reserves the right to accept or reject any of the proposals received at its sole discretion without assigning any reasons whatsoever. Incomplete proposals and proposal submitted after due date or proposals not submitted in the prescribed format shall be liable to be rejected.

3.1.13 Notwithstanding anything contained in this tender document, KPL reserves the right to cancel the request of quotation / tender at any stage, at its sole and absolute discretion, without assigning any reasons and without any financial implication on KPL, whatsoever.

3.1.14 Bid shall be opened at 15:00 Hrs on 01.02.2020 at the above address (3.1.10)

3.1.15 "ONE BID SYSTEM" shall be followed for this tender. Bidder should take due care to submit their bid in accordance with requirement in sealed covers. KPL wants to finalize this tender within a limited time schedule. Therefore, bidders are advised to submit their bids complete in all respect as per requirement of tender document clearly specifying their categorical acceptance to all the clauses of the terms & conditions of this tender.

3.1.16 The Bidding Banks are requested to kindly submit the bids accepting all the terms and conditions mentioned in this tender document. No conditional bid would be accepted specifically in respect of pricing aspects of the tender. After evaluation of the bids and based on the final decision of KPL, a letter will be issued to Bank intimating them about acceptance of their offer.

For any query and for submission of proposals, kindly contact the following official.

Shri. C.S.Vemanna, Chief Manager (Finance) Kamarajar Port Limited, Chennai. [email protected] [email protected] Mobile No : 8754540208

Structuring of Bid

Following documents shall be submitted at the time of submission of bid:-

(i) Covering Letter as per attached format (Annexure B).

(ii) Duly Duly signed and stamped copy of this tender document accepting all the terms & conditions indicated therein

(iii) Price Bid in a separate sealed envelope as per format attached (Annexure-A)

(iv) Power of Attorney/Letter of Authorisation in favour of Authorised Signatory for submission of bid.

All the above documents then shall be sealed in a main envelope super scribed as “Bid for partial funding of Rs. 150 Cr towards ongoing connectivity Projects of KPL.”

Evaluation of Bids

The interest rate spread offered by the Bidding Banks shall be firm and valid for the firm commitment of Rs.150 Cr. Partial bids i.e. bid amount of less than Rs. 150 crores shall be rejected. Quoting as the range of interest rate shall not be accepted.

If more than one bidder has bid at L1 interest rate, in such case, the availment of loan would be availed equally from all the eligible L1 bidders. .

Indicative Term Sheet

S. No. Particulars Description 1 Borrower Kamarajar Port Limited 2 Amount of Loan Rs.150 Cr 3 Facility Rupee Term Loan 4 Drawdown Availability Six months from the date of sanction further extendable to three months 5 Moratorium Period One year from the date of first disbursement 6 Tenor of the Loan Five years from the date of first disbursement including a moratorium of one year. 7 Security Nil – Unsecured 8 Payment of Interest Monthly 9 Repayment of Loan Sixteen Equal Quarterly installments 10 Upfront / Processing Fees Rs. 7,50,000/- Plus GST 11 Commitment Fees & Partial Nil. No penalty or any other charges for Usage charges partial usage. 12 Transaction Cost Nil 13 Rate of Interest Rate of Interest shall be quoted as per format of Price Bid, however, the spread / rate of interest in relation to MCLR/External Benchmark Rate will remain same during the entire tenure of the loan of five years. 15 Applicability of Interest The rate of MCLR/ Enternal Benchmark Rate on the date of drawal plus spread quoted and reset every quarter for that Tranche / withdrawal. 16 Basis of Interest levy Monthly rest 17 Pre-payment Premium No Prepayment of premium / charges shall Charges be claimed by the Bank. 18 Bid Validity 90 days

(Annexure-A)

(On the letterhead of the Bidding Bank)

Financial Bid

S. Facility Details of Spread, i.e., Final Reference No External Increase/Decr Offered document Benchmar ease in the Rate of /weblink to k / MCLR Rate of Interest ascertain the Rates Interest in (%p.a.) Benchmark relation to (3) every 3 (% p.a.) months 1 2 3 (4) (5) = (3) +/- (6) (4) (a) (b) - Only two Only two Rate digits in the digits in the decimals decimals 1 Rupee Term Loan of Rs.150 Cr

NOTE:

1. For column 3 (a), specify clearly the basis/details of Benchmark/MCLR adopted by the Bank 2. For column 3 (b), specify the Benchmark rate prevailed one day prior to Bid submission date. 3. The spread can either on the positive side or negative side, offered by the bidding Bankers will remain fixed during the entire period of loan tenor of Five years. 4. External Benchmark Rate as approved by RBI and shall reset every quarter from the date of first drawal. The change in External Benchmark / MCLR rate shall inform to General Manger(F) / Authorised officers. 5. The banks who have quoted the lowest rate under column (5) will be the successful Bidder. 6. Interest as per column (5) shall be levied at monthly rest.

Name, Employee code, Designation and signature of (Authorized Signatory) Stamp of the Bidding Bank

Annexure-B

Covering Letter

(The covering letter should be on the Letter Head of the Bidding Bank)

Ref. No. Date:

General Manager (Fin) & CFO, Kamarajar Port Limited, Jawahar Buildings, 17, Rajaji Salai, Chennai 600 001.

Sub: Bid for partial funding of Rs. 150 Cr towards ongoing connectivity Projects of KPL.”

Dear Sir,

We, the undersigned.[insert name of the ‘Bidder’] having read, examined and understood in detail the tender Document for funding the Credit requirement of KPLfor Rs. 150 Crores, hereby submit our Bid comprising of Price Bid.

1. We give our unconditional acceptance to the tender, dated ...... and tender Documents attached thereto, issued by Kamarajar Port Limited including all its amendments. This shall also be construed as a token of our acceptance to the tender Documents including all its amendments and clarifications uploaded on KPL website (www.kamarajarartport.gov.in ).

2. We shall ensure that we execute such tender Documents as per the provisions of the tender and all provisions of such tender Documents shall be binding on us.

3. We have submitted our Price Bid strictly as per the terms & conditions of this tender document, without any deviations, conditions and without mentioning any assumptions or notes for the Price Bid in the said format(s).

4. We hereby unconditionally and irrevocably agree and accept that the decision made by Kamarajar Port Limited in respect of any matter regarding or arising out of the tender shall be binding on us. We hereby expressly waive any and all claims in respect of Bid process.

5. We confirm that we have studied the provisions of the relevant Indian laws and regulations as required to enable us to submit this Bid and execute the tender Documents, in the event of our selection as Successful Bidder.

6. It is confirmed that our Bid is consistent with all the requirements of submission as stated in the tender and subsequent communications from Kamarajar Port Limited. The information submitted in our Bid is complete, strictly as per the requirements stipulated in the tender and is correct to the best of our knowledge and understanding. We would be solely responsible for any errors or omissions in our Bid. We confirm that all the terms and conditions of our Bid are valid for acceptance for a period of 90 days from the Bid deadline. We confirm that we have not taken any deviation so as to be deemed non-responsive.

Dated the day of

,2021

Thanking you,

Yours faithfully,

Authorised Signatory’s Sign and Stamp