Independent Techno-Economic Viability (TEV) Studies
Evaluate engineering viability, market demand elasticity, supply chain reliability, and cash flow resilience before deploying capital or submitting proposals to commercial lenders.
Why Capital Projects Face Feasibility Failures
Entrepreneurs often invest significant capital based on optimism rather than stress-tested data. When unverified projects reach bank credit committees, lenders reject proposals due to unverified raw material availability, lack of utility clearances, or flawed market absorption assumptions.
Unverified capital expenditure schedules leading to mid-project cost overruns
Overestimated product selling prices and aggressive capacity ramp-up schedules
Overlooked environmental clearances, grid power allocations, and effluent treatment norms
Absence of independent cluster benchmarking to substantiate sales projections to banks
Who Needs a Techno-Economic Viability Study?
Designed for industrial promoters, infrastructure developers, and institutional lenders seeking objective risk validation.
Greenfield Manufacturing Promoters
Setting up new industrial facilities requiring formal bank debt appraisal.
Expanding Industrial Units
Adding new production lines or diversifying into allied industrial sectors.
Institutional Lenders & NBFCs
Requiring independent third-party techno-economic due diligence before sanction.
What VS Delivers in a TEV Study
A multi-disciplinary study combining technical engineering vetting, market demand surveys, and rigorous financial stress testing.
Engineering & Technical Appraisal
Vetting of plant layout, civil structural designs, machinery technical specifications, and utility requirements (power, water, effluent).
Market Demand & Cluster Benchmarking
Analysis of historical consumption patterns, competitor capacities, export potential, and geographical freight cost advantages.
Supply Chain & Raw Material Audit
Identification of key feedstock suppliers, price volatility trends, alternative sourcing, and inventory holding requirements.
Financial Viability & Sensitivity Modelling
Computation of Project IRR, Equity IRR, Net Present Value (NPV), and Debt Service Coverage Ratio (DSCR) under varying utilization rates.
Our Structured TEV Study Process
A disciplined, milestone-driven execution process ensuring every technical, financial, and statutory parameter is banker-ready.
Preliminary Scope & Data Intake
Collection of project concept notes, promoter profiles, site survey data, and proposed equipment vendor quotes.
Technical & Regulatory Assessment
Engineering review of civil drawings, plant layouts, connected electrical load sanctions, and statutory environmental clearances.
Market & Financial Synthesis
Market demand validation, raw material pricing stress tests, and dynamic financial model creation for 7 to 10 years.
Final TEV Dossier & Banker Briefing
Comprehensive 50+ page TEV report delivery, executive summary presentation, and advisory support during lender technical query sessions.
Information & Documents Required
To initiate your advisory engagement efficiently, our desk requires verified primary records. All documents are handled under strict non-disclosure terms.
Project & Site Details
- Land title deed / long-term lease agreement and zoning certificate
- Site layout plan, contour survey, and civil construction estimates
- Electricity connection approval / HT power allocation letter
- State Pollution Control Board (Consent to Establish) application/NOC
Technical & Commercial Quotations
- Proforma invoices and technical datasheets for plant & machinery
- Raw material supplier contracts or indicative quotation letters
- Target market distribution channel agreements or letters of intent (LOI)
- Promoter entity KYC and past 3 years audited financials (if existing entity)
Tangible Study Deliverables
Every deliverable is crafted to institutional banking standards, complete with dynamic calculation sheets, executive briefs, and certified dossiers.
Comprehensive TEV Report
Institutional-grade report covering technical feasibility, market analysis, financial viability, and SWOT matrix.
Interactive Sensitivity Model
Full financial model with scenario toggle (capacity utilization, raw material prices, power tariffs, selling price).
Lender Appraisal Executive Brief
Concise executive summary specifically formatted for Bank Credit Committee review.
Expected Engagement Workflow
Transparent, structured progression showing actions and concrete outcomes at every stage.
Stage 1: Kickoff & Checklist
Stage 2: Technical & Market Analysis
Stage 3: Draft Review & Stress Testing
Stage 4: Final Sign-off & Bank Defense
Frequently Asked Questions
Institutional insights regarding appraisal standards, banking requirements, and advisory methodology.
What is the difference between a TEV study and a DPR?
A Detailed Project Report (DPR) is an operational and financial blueprint of your project used by lenders to understand the implementation schedule and costs. A Techno-Economic Viability (TEV) study is an independent, objective evaluation that critically tests whether the project's technical parameters and financial assumptions can withstand operational stress and market competition.
Is a TEV study mandatory for bank loans?
For large ticket loans (typically above ₹10 Cr to ₹25 Cr depending on the bank's internal credit policy), commercial banks and consortium lenders frequently mandate an independent TEV study prepared by empaneled or reputed technical consultants before sanctioning credit.
How long does it take to complete a comprehensive TEV study?
A standard industrial TEV study typically requires 2 to 3 weeks, contingent upon the timely availability of machinery proforma invoices, civil estimates, and statutory permissions.
Related Services
Advisory capabilities frequently engaged alongside Project Feasibility for comprehensive credit and statutory readiness.
DPR Preparation
Bankable, institutional-grade 40 to 70 page Detailed Project Reports (DPR) prepared in strict compliance with IBA, SIDBI, and commercial bank credit appraisal standards.
Financial Modelling
Institutional-grade financial models featuring Discounted Cash Flow (DCF) valuation, Internal Rate of Return (IRR), Weighted Average Cost of Capital (WACC), and debt sizing.
Term Loan Advisory
End-to-end debt advisory for greenfield industrial plants, brownfield expansions, and infrastructure capex, structuring optimum Debt:Equity ratios and managing lender appraisal.
Sensitivity Analysis
Multi-variable stress testing evaluating the resilience of project cash flows against raw material price shocks, capacity underutilization, and interest rate hikes.
Engage With Our Project Finance & Advisory Desk
Connect with our senior financial analysts and advisory professionals to structure your credit proposal, review project feasibility, or prepare bankable documentation.
Statutory & Regulatory Notice
A Techno-Economic Viability (TEV) study represents an independent analytical assessment based on data and assumptions provided by the promoter and prevailing market conditions. It does not constitute a loan sanction, financial underwriting, or guarantee of project commercial success. VS Project & Financial Advisory Private Limited provides professional project advisory, financial modelling, and document readiness services. We do not claim guaranteed bank sanction or guaranteed funding. Approval is solely at the discretion of the relevant financial institution, bank, NBFC, or government subsidy authority.