A majority of the projects in the power transmission business are awarded on the basis of tenders. The award is based on various criteria including the reputation of bidder, the prior quality of work and financial bid. Most tenders have in-built technical pre-qualification criteria. Some of the more usual pre-qualification criteria relate to the technical competence of the bidders such as the ability to construct Extra High Voltage A/C and D/C transmission lines.
We have a unique pre-qualification record in that we are pre-qualified to bid for projects with the highest technical specifications in our present line of business i.e., we are pre-qualified to construct 800 kV transmission lines, 765 kV substations and gas insulated substations. This makes us eligible to bid for all projects in the power transmission business. Very few players have a similar pre-qualification. We believe that our ability to bid for any project of our choice gives us greater flexibility in bidding for tenders and also gives us an opportunity to garner bigger projects.