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KARNATAKA NEERAVARI NIGAM LIMITED
(A Government of Karnataka Undertaking)
Regd. Office : 4th Floor, Coffee Board Building,
No. 1, Dr. B.r. Ambedkar Veedhi, Bangalore - 560 001
.Ph : 080- 2283074 - 78 Fax : 080 - 2267314

CONTENTS

Particulars

1.  Invitation for enrolment of merchant bankers

2.  About KNNL and its borrowing programme

3.  Scope of work of merchant bankers

4.  Procedure

5.  Pre-qualification criteria

6.  Schedule of events

7. Brief Tender Notifications
8. Tender Notification
    (NO-KNNL/MBC/DN-1/PB-3/TND-2/2001-02-933)
11. Pre-Qualification Cum Tender Notification No.3/2001-02.
12. Tender Notification
      No .KNNL/GNPD/PB-4/DAM/TND/2001-02/576
13. Tender Notification
  No.EE:WRD:IPCD-2:PB/TND/2001-02/376-94
14. Tender Notification
       No.13/2001-02 Dated:30/08/2001
 

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The KARNATAKA NEERAVARI NIGAM LIMITED (KNNL) proposes to mobilise Rs. 350.00 crores by way of private placement of bonds/debentures, secured or unsecured, during the financial year 2001–02 in various tranche. The bonds/debentures will be guaranteed by the Government of Karnataka for payment of interest and repayment of principal amount on due dates. In this regard, the KNNL desires to engage the services of experienced category - I merchant bankers to act as arrangers for the bond issues during the financial year 2001-02.

 2.    The full background and detailed instructions/procedures is mentioned in the application form. The blank application forms can be obtained from the registered office, on a written request, accompanied by a copy of category - I merchant banking license and a non-refundable amount of Rs. 500.00 from 1.8.2001 to 7.8.2001 during office hours.  The amount shall be payable through DD/Pay Order drawn in favour of “Karnataka Neeravari Nigam Ltd” payable at Bangalore. The blank application forms shall not be sent by post.

ABOUT KNNL AND ITS BORROWING PROGRAMME

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ABOUT KNNL

           The  State  Government  has  been  engaged  in  executing the Major and Medium  Irrigation  projects  of Krishna basin through the irrigation department for several  decades. A  host  of  problems  such  as  inadequacy of funds, delays in technical  and   administrative   approvals   and   clearances , problems   of   land acquisitions  etc  has  resulted  in  slow  pace  of  implementation of the projects. Primarily  with  a view to expedite the ongoing irrigation projects in Krishna valley, the  KNNL  was  incorporated  in  December '98  under  the  Companies Act as a wholly  owned  company  of  Government  of  Karnataka  with an authorized share capital  of  Rs. 3000  crores.  Since inception 12 projects have been transferred to KNNL.  The estimated balance cost of these projects as on 1.4.2001 is Rs. 3428 crores and balance potential to be created is 4.6 lakh.


The objectives of KNNL are:
 

  •  To ensure accelerated and timely completion of the projects.

  •  To bring about better efficiency in construction and administration of   
     the projects through speedy decision making and better management
     practices.

  • To access funds from the market through issue of bonds based on a time bound investment plan.

The projects transferred to the KNNL are as follows:
1) GHATAPRABHA 2) UPPER TUNGA PROJECT 3) HARINALA
4) MALAPRABHA 5) GANDORINALA 6) SINGATALUR
7) HIPPARGI 8) MARKANDEYA 9) BHIMA LIFT
10) TUNGA LIFT 11) KALASA NALA 12)  BANDURA NALA
KNNL’s BOND ISSUES DURING 2001-02.
          The  KNNL  has  so   far   borrowed   Rs.  660.97   crores   through  private placement  of  bonds  in  three  series.  The programme of works proposed for the financial  year  2001 - 02  is  Rs. 500  crores. To  part finance these projects, it is proposed to borrow Rs. 350 crores during the year.
NATURE OF BONDS
The  bonds  are  secured, redeemable,  non - convertible and are in the nature of Debentures. The  Government  of  Karnataka  will  unconditionally  and irrevocably guarantee the bonds.
RATING
The  issue  has  been  rated  as LA+ (SO) by ICRA indicating Adequate Safety with regard to timely payment of interest and principal.

STRUCTURED PAYMENT MECHANISM

A  Tripartite  Agreement  will  be  entered into amongst Government of Karnataka, the  KNNL  and  the  Trustees  to  the  bondholders  under  the  terms  of   which, Government  of  Karnataka  will assure budgetary support for servicing the bonds.

SCOPE OF WORK OF MERCHANT BANKERS

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The  scope  of  work  comprises  the  following  either  jointly with other merchant bankers/arrangers or solely. 

Pre issue: 

      i. To advise and assist the KNNL in preparation of information 
          memorandum.
      ii. To advise the KNNL on the following:
            a.    Size of the bond issue.
            b.    Size of the green shoe option.
            c.    Structuring the bond issues.
            d.    Coupon.
            e.    Tenure.
            f.     Put/call options.
            g.    Redemptions.
            h.    Periodicity of interest payments.  
       iii.  Timing of the bond issues, viz., date of issue opening, date of closure of
             issue  and  date  of  allotment  depending  upon  the  prevailing  market
             conditions.

 Post issue:  
i.          To  identify  the  investors, make  presentation  to  them  on behalf of the
            Nigam, interact  with  them, supply  them  with  issue   stationery,  reply
            queries, furnish information authorised by the Nigam, make arrangement
            for meeting the investors.

ii.         Collect  the  applications  from  the  investors with necessary documents
            bank  the cheques under intimation to the KNNL/Registrars to the issue.

iii.        Liaise with the Registrars to the issue to report collection figures, keep a
           tab on the collection.  


iv.        Suggest  mid  course corrective action/draw up strategies in consultation
           with the KNNL to make the issue a success.  

v.         Finalisation of subscription list with full documents.  

vi.        Finalisation  of  allotment  in  consultation with registrars to the issue and
           the KNNL.

PROCEDURE

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i.   The  application  shall  be  submitted  in the prescribed format as at Annexure
     and  the same shall be put into the box kept for this purpose at the registered
     office.

ii. The  documents such as information memorandum, certificates for the  amount
    mobilised  etc  evidencing  the  participation  in the private placements and the
    mobilisation  of  the  amounts  mentioned  in  the  application  shall  have to be
    enclosed to the application.

iii.The merchant banker shall submit the application in sealed cover accompanied
    by  a non-interest bearing EMD of Rs. 1,00,000 (Rupees one lakh only) by way
    of DD/Pay order drawn in favour of “Karnataka Neeravari Nigam Ltd” payable
    at  Bangalore. The  EMD  will be refunded to the merchant bankers who do not
    qualify as per the pre-qualification criteria prescribed. The EMD of the selected
    merchant  bankers will remain with the KNNL till the closure of the bond issue.
    The  EMD  is  liable  to  be  forfeited  in the event of their failure to mobilise the
    stipulated amount in time.

iv.Once  the  application  is  submitted  to  the  KNNL  neither  further /  additional
   information  and  correspondence  will be entertained nor KNNL is bound to call
   for any clarification.

v.The  KNNL  reserves  the  right  to  accept  or reject any application without any
  assigning any reason therefore. 

vi.The  KNNL  will negotiate other terms and conditions of the bond issue with the
   selected merchant bankers and decide upon the following:
        a.      Coupon
        b.      Structure of bond issue
        c.      Timing of bond issues.
        d.      Fees
        e.      All other terms and conditions.
vii.Conditional bids are liable to be rejected.  

PRE-QUALIFICATION CRITERIA

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The following the criteria for pre- qualification:  
       
i.          The merchant bankers should have been ranked amongst the top ten
                   arrangers in the overall private placement of debt. 

      ii.          The  merchant  bankers  should  also have been ranked amongst the
                   top ten in the private placement of debt for state level undertakings.   

     iii.          For  this  purpose  item  no (i) and (ii) above, the private placement of
                  debt  means  all distributed, structured and on tap issues with tenure
                  of  more than one year and the issue amount credited on full basis to
                  the concerned arrangers.   

     iv.          For  the  purpose  of  evaluations,  the  KNNL intends to consider the
                  rankings  published  in  the  PRIME  Annual  Report  for   the   period
                  April’ 00 to March’ 01.   

     v.           The  performance  of  the  merchant  bankers  in  the  previous  bond
                  issues  of  KNNL will also be taken into consideration for the purpose
                  of  evaluation.  The  KNNL  reserves  the  right to accept or reject the
                  applications  of  those  merchant  bankers who had not mobilised the
                  stipulated amount in the previous bond issue.

The  KNNL  reserves  the  right to remove the name of the merchant bankers from the select list at any stage, in case it comes to the notice of KNNL at a later date that  any information(s) furnished by the merchant banker were factually incorrect.

SCHEDULE OF EVENTS

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 i.                     The  merchant  bankers  may obtain the application forms from 1.8.2001
              to 7.8.2001, during the office hours.

 ii.          The  application  forms  along  with  the  relevant enclosures shall be put
              into  the  box  kept for this purpose, at the registered office, on or before
              1600 hrs on 14th August 2001.

The documents will be opened at 11.00 hours on 16.8.2001 in the presence of the merchant bankers who wish to be present for the same.

ANNEXURE

APPLICATION FOR ENROLMENT OF MERCHANT BANKERS

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a.    Name and address of the merchant Banker:
b.    SEBI Registration No.:
       (Please enclose certified true copy)
c.     Name & Telephone/Fax/e-mail of the Contact person(s) 
       (HQ):
d.     Name, address & Telephone/Fax/e-mail of the Contact 
        person(s) (Bangalore):
e. Other Particulars:

Particulars

2000-01

2001-02

(Till June)

1.

No of issues handled

(Excluding sole mandate, issues handled for state level undertakings and structured deals)

 

 

2.

Amount mobilised in the issue  - Collectively

 

 

                                                  - Individually

 

 

3.

No of Issues handled as sole arranger

 

 

4.

Amount mobilised

 

 

5.

Amount mobilised through structured deals

 

 

6.

No of Issues handled for state level undertakings (Including Karnataka state undertakings)

 

 

7.

Amount mobilised in the issue  - Collectively

 

 

                                                  - Individually

 

 

8.

No of issues handled for Karnataka state undertakings

 

 

9.

Amount mobilised in the issue  - Collectively

 

 

                                                  - Individually

10.

Long term loans arranged from banks, Institutions like LIC, HUDCO, UTI etc.

 

 

Authorised Signatory

KARNATAKA NEERAVARI NIGAM LIMITED
(A Government of Karnataka Undertaking)

Regd. Office : 4th Floor, Coffee Board Building,
No. 1, Dr. B.r. Ambedkar Veedhi, Bangalore - 560 001
.Ph : 080- 2283074 - 78 Fax : 080 - 2267314

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Ref: No KNNL-01-TCL-2K-2274
Date: 16.12.2000.
INVITATION FOR PRE-QUALIFICATION OF CONTRACTORS FOR LIFT IRRIGATION SCHEMES

1. The  Karnataka  Neeravari  Nigam  Limited,  Bangalore  invites application from
    competent  contractors  to   pre - qualify   for   local   competitive   bidding   for
    construction of Lift Irrigation Projects costing Rs. 4 crores to rs. 100 crores on
     turn  key  basis. Pre -qualification is opened to individuals/firms from India who
    are  registered  with  any state/Central Government Department such as PWD,
    Railways,  Water  Supply  Boards ,  etc .  All  applicants should have requisite
    experience and track record in execution of any of the following type of works :

a) Water  Supply  /  lift  Irrigation  Scheme,  Pumping  station  on  turnkey  basis;

b) Pumping  mains  and gravity mains for Water Supply / Electric Substation / Lift
    Irrigation Scheme systems;

c) Pumping  Equipment,  Electrical / Mechanical  Works , etc., on turnkey basis;

d) General  Civil Works, such as Jackwell, Pump House and distribution Chamber
   etc.

2. Pre - qualification  document  may  be  obtained  from the Registered Office on
    payment  of  a  non-refundable fee of Rs. 5,000/- (Rupees five thousand only) in
    the  form  of  a  Demand  Draft  drawn  on  any  scheduled  bank  in  favour   of
    Managing  Director,  Karnataka  Neeravari  Nigam  Limited,  payable   at
    Bangalore.

3. The   envelope    containing    application    requesting   documents   must   be
   superscribed  as  "Request for Pre-qualification document or Construction of Lift
   Irrigation  Projects".  The  blank  application   forms   can   be   collected   from
   26.12.2000  to  4.1.2001 between 11.00 AM to 4.00 PM. In case the last date
   happens  to  be  holiday,  documents  will  be  issued  on  the  immediate  next
   working day. Prescribed application form, duly completed in all respects should
   be  submitted  from  8.1.2000  to  20.1.2001 between 11.00 AM and 4.00 PM.
  
Request  for  extension  of time for submission of completed documents will not
   be entertained.

4. The  Pre -qualification is proposed to be done for two categories and applicants
   are  invited  to  submit  seperate  application for each category. pre-qualification
   will be done, depending upon standing of the applicant / firm.

5. On  the request of the applicant, the Pre-qualification document can be sent by
   courier  on  payment  of  additional amount of Rs. 750/- (Rupees seven hundred
   fifty only)  for  dispatches  within  India. Insuch  case  the  Karnataka  Neeravari
   Nigam  Limited  will  not  be  responsible  for   any  late  delivery   or loss of the
   documents so mailed.

6. Applicants  will be advised, in due course of the result of their application. Only
   firms pre-qualified under this process will be invited to bid in due course.

7. The  Karnataka  Neeravari  Nigam  Limited reserves the right, without assigning
   any reasons for its actions and decisions to:

a) Amend  to  scope  and  value  of  any  work to be tendered, in which event on lt
  those  Pre - qualified  bidders  who meet the requirements as ammended will be
  eligible to bid.

b) Reject  or accept of any application or completed Pre-qualification document at
   its discretion and

c) Cancel the Pre-qualification process and reject all applications.



Managing Director,
Karnataka Neeravari Nigam Limited, Bangalore

E-mail:
knnl@knnlindia.com

 

BRIEF TENDER  NOTIFICATION  

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KARNATAKA NEERAVARI NIGAM LIMITED
(A Government of Karnataka Enterprise)
Office of the Executive Engineer, KNNL, SLI Division, Mundangiri.
No: EE/KNNL/SLID/TS/TND/2001-02/82

TENDER  NOTIFICATION  

(1)  Sealed item rate tenders in duplicate duly superscribing the name of work are invited  by  the  Executive  Engineer,  KNNL,  SLI Division, Mundargi, from the Contractors  enrolled  in  the  select  List of contractors under Category-ll and above by KNNL, on behalf of the Managing Director, Karnataka Neeravari Nigam Ltd., Bangalore.

(2) The details of works put to tender :

SI.