Overview
Department of Financial Services has invited global tenders bids for the work “Selection of Manufacturers for Establishing Integrated Sintered NdFeB Rare Earth Permanent Magnet Manufacturing Facilities under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet” at South West Delhi, Delhi. The contract carries an estimated value of approximately ₹50 Cr (derived from the EMD, as the department did not publish it). It is classified as Unclassified work, Other / Unclassified in nature, procured as a Works contract. The earnest money deposit (EMD) is ₹1 Cr, with a tender fee of ₹4.5 Lakh. Bids opened on 20 March 2026 and close on 29 June 2026; technical bids open on 30 June 2026. The tender reference is 2026_DFIN_903066_1.
Tender documents
Documents are mirrored from the NIC eProcure portal for reference. Live bidding and authoritative documents remain on the official portal.
Complete tender details
Classification (auto-derived, cited)
Sector
Unclassified
Work nature
Other / Unclassified
Funding scheme
— none detected —
Procurement type
Works
Tender value
≈ ₹50 Cr (derived from EMD)
Identification
Tender ID
2026_DFIN_903066_1
Tender Reference Number
12(06)/2024-PEXI/CPSE.1
Title
Selection of Manufacturers for Establishing Integrated Sintered NdFeB Rare Earth Permanent Magnet Manufacturing Facilities under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet
Organisation Chain
Department of Financial Services||IFCI Ltd. - DFIN||HQ IFCI Ltd.(New Delhi)||Services Department - IFCI
Commercials
EMD Amount in ₹
1,00,00,000
EMD Exemption Allowed
No
EMD Fee Type
fixed
EMD Payable To
Ministry of Heavy Industries (Bank Guarantee only)
EMD Payable At
New Delhi
Tender Fee in ₹
4,50,000
Tender Fee Exemption Allowed
No
Fee Payable To
As per Appendix XI of RFP
Fee Payable At
New Delhi
Form Of Contract
Works
Contract Type
Tender
Payment Mode
Offline
Process & eligibility
Tender Type
Global Tenders
Tender Category
Works
No. of Covers
2
Bid Validity(Days)
365
Allow Two Stage Bidding
No
Withdrawal Allowed
Yes
General Technical Evaluation Allowed
No
ItemWise Technical Evaluation Allowed
No
Should Allow NDA Tender
No
Allow Preferential Bidder
No
NDA/Pre Qualification
As per RFP
Independent External Monitor/Remarks
Names of Independent External Monitors under Integrity Pact Shri Umendra Sharma Email sharmaumendra@gmail.com Shri A Vijay Anand Email Vijayanand45@hotmail.com
Timeline
Published Date
20-Mar-2026 09:00 AM
Document Download / Sale Start Date
20-Mar-2026 09:00 AM
Document Download / Sale End Date
29-Jun-2026 04:00 PM
Clarification Start Date
20-Mar-2026 09:00 AM
Clarification End Date
22-Apr-2026 06:00 PM
Bid Submission Start Date
07-Apr-2026 02:00 PM
Bid Submission End Date
29-Jun-2026 04:00 PM
Bid Opening Date
30-Jun-2026 04:30 PM
Location & meeting
Location
New Delhi
Pincode
110023
Bid Opening Place
2516, Second Floor, GPOA3, Netaji Nagar, New Delhi
Pre Bid Meeting Place
India Habitat Centre
Pre Bid Meeting Address
India Habitat Centre, New Delhi - 110003
Pre Bid Meeting Date
07-Apr-2026 11:30 AM
Inviting authority
Name
Under Secretary, MHI
Address
2516, Second Floor, GPOA3, Netaji Nagar, New Delhi 110023 email repm-mhi@gov.in
Other captured fields
Work Description
Selection of Manufacturers for Establishing Integrated Sintered NdFeB Rare Earth Permanent Magnet Manufacturing Facilities under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet
Product Category
Miscellaneous Works
NIT Document
S.No Document Name Description Document Size (in KB) 1 Tendernotice_1.pdf Notice Inviting Tender (NIT) 231.36
Work Item Documents
S.No Document Type Document Name Description Document Size (in KB) 1 Tender Documents RFPREPM.pdf Request for Proposal (RFP) 5777.47 2 BOQ BOQ_949203.xls Bill of Quantities (BOQ) 231.50
Frequently asked questions
What is this tender for?
Department of Financial Services has floated this tender for “Selection of Manufacturers for Establishing Integrated Sintered NdFeB Rare Earth Permanent Magnet Manufacturing Facilities under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet”. It is Unclassified work, Other / Unclassified in nature.
What is the estimated value of this tender?
The value was not disclosed; based on the EMD it works out to approximately ₹50 Cr.
When is the last date to submit bids?
Bids close on 29 June 2026. The tender was published on 20 March 2026.
Which department issued this tender and where is the work?
It was issued by Department of Financial Services » IFCI Ltd. - DFIN » HQ IFCI Ltd.(New Delhi) » Services Department - IFCI. The work location is South West Delhi, Delhi (PIN 110023).
What are the EMD and tender fee?
EMD is ₹1 Cr; tender fee is ₹4.5 Lakh. Form of contract: Works.
How do I download the tender documents and BoQ?
Open the “Tender documents” section above to download the NIT and any corrigenda for reference 2026_DFIN_903066_1. Bidding is done on the NIC eProcure portal.