[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] Expired
3.7/10AI summary
This tender provides details about the project including scope of work, estimated value, deadlines, and eligibility requirements.
Overview
The Department of Financial Services is inviting bids for the selection of manufacturers to establish integrated sintered NdFeB rare earth permanent magnet manufacturing facilities under a government scheme aimed at promoting the manufacturing of sintered rare earth permanent magnets. This is a global tender categorized under works, and it requires bidders to submit their proposals in a two-cover format.
Scope / Work
Bidders are expected to provide detailed proposals for the establishment of the manufacturing facilities, including technical and financial bids. The work description emphasizes the need for compliance with the Request for Proposal (RFP) guidelines. A pre-bid meeting is scheduled for April 7, 2026, at the India Habitat Centre, New Delhi, to clarify any queries regarding the tender.
Fees & EMD
- Tender Fee: ₹4,50,000, payable offline as per Appendix XI of the RFP, with no exemptions allowed.
- EMD (Earnest Money Deposit): ₹10,000,000, also payable offline, specifically to the Ministry of Heavy Industries via a bank guarantee, with no exemptions allowed.
Key Dates
- Publish Date: March 20, 2026
- Bid Submission Start Date: April 7, 2026, 2:00 PM
- Bid Submission End Date: June 29, 2026, 4:00 PM
- Bid Opening Date: June 30, 2026, 4:30 PM
- Document Download Period: March 20, 2026, to June 29, 2026
- Clarification Period: March 20, 2026, to April 22, 2026, 6:00 PM
Bidders should ensure that all required documents are submitted in the prescribed formats and within the specified timelines to avoid disqualification.
AI insights
Risk factors
- high tender fee
- large EMD requirement
- tight submission timeline
- document compliance requirements
How good is this tender for you?
Bid to establish rare earth magnet manufacturing facilities.
Plain-language analysis covering money, competition, paperwork, timeline and who this tender realistically suits.
- Open to global bidders
- Expect high competition
- Tough for small businesses
- Heavy money commitment
- Short bidding window
- Niche expertise needed
- MSME-friendly2.0
- Startup-friendly5.0
- Low competition2.0
- Light on money4.0
- Easy to execute7.0
- Light paperwork5.0
What this tender is really about
This tender invites manufacturers to set up facilities for rare earth magnets. It requires significant financial commitment and specialized expertise.
What you gain if you win
- Access to a global market
- Potential for long-term contracts
- Contribution to a government initiative
What could trip you up
- High tender fee and EMD
- Complex documentation requirements
- Tight submission timeline
Who is this tender best suited for?
Recommended for
- Established manufacturers
- Large engineering firms
- Specialized technology providers
May struggle with this
- First-time bidders
- Small local businesses
- Startups without experience
Money side, in plain words
- Upfront fees
- The tender fee is ₹10,000,000, which is quite high.
- Security deposit (EMD)
- The EMD of ₹10,000,000 is a significant upfront cost.
- Money you must set aside
- Funds will be tied up for a long time due to EMD and bid validity.
- Payment timing
- Payment terms may be slow, impacting cash flow.
What it takes to deliver
- Kind of work
- This involves manufacturing and setting up facilities.
- How long it takes
- The project duration is not specified but could take over a year.
- Skills you'll need
- You need specialized knowledge in rare earth magnet production.
- Where the work happens
- Work is likely to be centralized in one location.
- Paperwork
- Expect a considerable amount of paperwork and compliance.
Competition: who else might bid?
- How open it is
- This is a global tender, open to international bidders.
- Likely crowd
- There may be many bidders due to the high value.
- What helps you win
- Experience in rare earth magnet manufacturing will be crucial.
Practical things to think about
- Prepare for a high upfront investment in EMD and fees.
- Ensure compliance with all documentation to avoid disqualification.
- Consider attending the pre-bid meeting for clarifications.
Hidden challenges & gotchas
- Long EMD validity could strain finances.
- Two-cover submission process adds complexity.
- Niche expertise may limit the number of qualified bidders.
In one paragraph
Bid for rare earth magnet manufacturing facilities.
- Who should bid
- Manufacturers with experience in specialized production should consider bidding.
- Who should probably skip
- New businesses without manufacturing experience should likely avoid this tender.
- If you're serious, first step
- Review the tender documents and prepare your proposal.
AI-generated analysis based on structured tender metadata, financial figures, execution timelines, and procurement complexity factors. Actual eligibility, competition, and execution requirements may vary depending on the tender clauses and the evaluating department's criteria. Always read the official tender document before bidding.
Financials
| Tender value | Undisclosed |
|---|---|
| EMD amount | ₹1,00,00,000 — payable to Ministry of Heavy Industries (Bank Guarantee only) at New Delhi |
| Tender fee | ₹4,50,000 — payable to As per Appendix XI of RFP at New Delhi |
Payment mode Offline
Timeline
| Publish date | 20 Mar 2026 |
|---|---|
| Bid end | 29 Jun 2026 |
| Opening date | 30 Jun 2026 |
Critical dates
From the portal detail page (all dates captured when available).
| Bid Opening Date | 30-Jun-2026 04:30 PM |
|---|---|
| Bid Submission End Date | 29-Jun-2026 04:00 PM |
| Bid Submission Start Date | 07-Apr-2026 02:00 PM |
| Clarification End Date | 22-Apr-2026 06:00 PM |
| Clarification Start Date | 20-Mar-2026 09:00 AM |
| Document Download / Sale End Date | 29-Jun-2026 04:00 PM |
| Document Download / Sale Start Date | 20-Mar-2026 09:00 AM |
| Published Date | 20-Mar-2026 09:00 AM |
Tender Documents
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| Name | Size | Type | Action |
|---|---|---|---|
| BOQ_949203.xls | 232 KB | XLS | |
| RFPREPM.pdf | 5.64 MB | ||
| Addendum-1.pdf | 110.4 KB |
Corrigenda
Official amendments and notices. PDFs open in the same viewer as tender documents (sign in, verified email, daily limit applies).
Addendum-1
| File | Size | Type | Action |
|---|---|---|---|
| Addendum-1.pdf | 110.4 |
Work details
Location, category, and schedule for this procurement.
| Location | New Delhi |
|---|---|
| Category | Miscellaneous Works |
| Bid validity | 365 days |
| Contract type | Tender |
| Pincode | 110023 |
| Pre-bid meeting | 07-Apr-2026 11:30 AM — India Habitat Centre |
| Bid opening place | 2516, Second Floor, GPOA3, Netaji Nagar, New Delhi |
| NDA / pre-qualification | As per RFP |
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
Tender basics
| Tender type | Global Tenders |
|---|---|
| Form of contract | Works |
| Tender category | Works |
| No. of covers | 2 |
| Organisation chain | Department of Financial Services||IFCI Ltd. - DFIN||HQ IFCI Ltd.(New Delhi)||Services Department - IFCI |
| Source portal | eprocure.gov.in |
Covers (bid packets)
What to submit in each cover, as listed on the tender portal.
| Cover no. | Cover type | Description | Document type |
|---|---|---|---|
| 1 | Fee/PreQual/Technical | Bid in the prescribed format (Appendix I) along with Annexures and supporting documents | |
| — | — | Copy of Power of Attorney for signing the Bid as per the format at Appendix II | |
| — | — | if applicable, copy of the Power of Attorney for Lead Member of Consortium as per Appendix III | |
| — | — | Copy of Bid Security in the format at Appendix IV (Bid Security) | |
| — | — | Net Worth of the Bidder as per Appendix V together with all supporting documents | |
| — | — | Technical Bid and DPR in the format at Appendix VI | |
| — | — | Joint Bidding Agreement in the format at Appendix X (Joint Bidding Agreement) (as applicable) | |
| — | — | Executed copy of the integrity pact as per the format at Appendix XII (Integrity Pact) | |
| — | — | Copy of Memorandum and Articles of Association | |
| — | — | Evidence of payment towards the cost of the RFP process as specified in Clause 1.2.1 | |
| — | — | Duly audited balance sheet and profit and loss account along with SA certificate | |
| — | — | Any other documents | |
| 2 | Finance | Financial Bid in the format at Appendix VII | |
| — | — | BOQ | .xls |
Authority details
| Inviting authority | Under Secretary, MHI |
|---|---|
| Address | 2516, Second Floor, GPOA3, Netaji Nagar, New Delhi 110023 email repm-mhi@gov.in |
| Payment instruments | Offline (R-T-G-S) , Offline (NEFT) , Offline (Bank Guarantee) |
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