TCM Limited received the following work order, DT. 27/02/2023 from Agency for New and Renewable Energy Research and Technology (ANERT), Department of Power, Government of Kerala. A tripartite agreement has to be executed within order(s)/contract(s) awarded in brief 7 days of receipt of the work order for fulfillment of the contract along with a security deposit of INR 2,69,985 being 3% of contract value of INR 89,99,390.

11-30 kw work is to be completed within 30 days and 31-50 kw Work is to be completed within 45 days. Upon delivery of major components at the respective sites, 60% of contract value will be released, on completion of installation and testing of the plant, 20% of contract value will be release as second part. On commissioning, 10% of remaining contract will be released.

Final 10% will be retained as performance security and will be released upon completion of the term. 3% security deposit will be released on completion of supply, installation and commissioning. Ten years warranty should be provided by supplier for the system and components or parts.