Indian companies registered under the Companies Act, 2013, and holding a valid Category-I electricity trading license are eligible to become renewable energy implementing agencies (REIA) if they have a net worth exceeding ₹5 billion (~$58.24 million) and a long-term credit rating of A or above. The net worth must exclude revaluation reserves. The company’s Board of Directors must also formally approve the proposal to act as a REIA. To uphold transparency, subsidiaries or group companies of the REIA are barred from participating in its own bidding processes. In the event of ownership changes, mergers, or demergers, the company must continue to meet the eligibility criteria specified in the guidelines.