NALCO invites RFP for empanelment of CA Firms for verification of Stores/Spares & movable assets

NALCO invites RFP for empanelment of Chartered Accountant Firms for verification of Stores/Spares and movable assets. 

NALCO has invited Request for Proposal (RFP) for Empanelment/Appointment of Chartered Accountant / Cost Accountant Firms for Conducting Physical Verification of Stock of Stores/ Spare Parts, Raw Materials, Finished Products and Movable Assets.

National Aluminium Company Limited (NALCO) is a Navratna CPSE under administrative control of Ministry of Mines, Govt. of India. It is looking for reputed and experienced Chartered / Cost Accountant Firms/LLPs for physical verification of Stock of Stores/Spares Parts, Raw-materials, Finished products and Movable assets for 3 years (annual renewal subject to satisfactory performance) at our various locations

Chartered Accountant/Cost Accountant firms having their headquarters in Odisha & Vishakhapatnam would be considered for the physical verification assignments at our Corporate Office, S&P Complex and M&R Complex/Port facility.

The CA/CMA firms / LLPs shall be eligible to submit the bid on satisfying the following conditions: (i) The Firm should have completed at least one physical verification assignment of any listed companies having net tangible fixed asset (excluding land & building) and inventories with combined minimum value Rs. 1000 crores in any financial year from FY 2015-16 to 2024-25 during the course of the assignment. (ii) Assignment means completed assignment of physical verification of fixed assets and raw materials/stores & spare irrespective of length of duration of work order.   (iii) Any renewal of original work order shall be treated as part of same single assignment.

The CA/CMA firms / LLPs who have been assigned the work of Statutory Audit/Internal Audit/ Physical Verification of Fixed Assets and Inventories under CARO in NALCO during the period ending Sep’2025, shall not be considered for current RFP. Moreover, there should be a holiday period of 1 year as on 30.09.2025 for previous auditors.

The empanelment of the Audit Firms / LLPs shall be for three years w.e.f. January’2026, and appointment of the firms / LLPs shall be on yearly basis, subject to satisfactory performance of the respective firms / LLPs.

Interested CA/CMA firms/LLPs having requisite qualification and experience may send their offer in the prescribed format on following address in an envelope superscribing “Appointment / Empanelment Firms for conducting Physical Verification for 2026”, latest by 15th  December’ 2025 at 05.00 pm.

Consolidated audit fee is Rs. 7.20 lakhs p.a. for Units in Zone1 – Corporate Office, Bhubaneswar, Odisha Smelter- Angul, Odisha; CPP- Angul, Odisha, Coal Minies Dovision- Angul, Odisha and for units in Zone-2 i.e. Mines – Koraput, Odisha; Refinery; Koraput, Odisha Pottangi Mines – Koraput, Odisha and Port Office – Vishakhapatnam, Andhra Pradesh, consolidated audit fee is Rs. 7.20 lakhs p.a.

Bids received after the scheduled date shall not be considered.  

Address for Correspondence:
G. B. Pradhan DGM (Finance),
National Aluminium Company Ltd.,
NALCO Bhawan, P-1, Nayapalli,
Bhubaneswar-751013.
Email:gagan.pradhan@nalcoindia.co.in

Query/clarification if any may be forwarded in the following mail address:
gagan.pradhan@nalcoindia.co.in

Download NALCO RFP Document Click Here >>

• AO not justified in rejecting registered valuer’s report without reference to DVO – ITAT
• FCRA specifies list of 105 purposes to be selected for which registration is applied
• Withholding tax u/s 40(a)(i) not required on cost-to-cost reimbursement made to parent company
• Temporarily blocking public access to Telegram App not disproportionate – Delhi High Court
• High Court explains the meaning of term ‘enterprise’ appearing in section 80IA