economic explosives limited
Tender Performance & Track Record
Company Overview
Tender Performance
Data for 01 April 2024 to 17 June 2025
Total Bids / Contract Value
Qualified Bids / Q Rate
Total Wins / Win Value
Wins Rate / Q-W Rate
Detailed Performance Analysis
Tender Performance by Ministries
Name
Top Bid Competitors
Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 18 bids — APOLLO MICRO SYSTEMS LIMITED appeared in 4 of them.
ECONOMIC EXPLOSIVES LIMITED
ECONOMIC EXPLOSIVES LIMITED
Financial Details
Registered Office
11 ZADE LAYOUT BHARAT,NA-NAGPUR-Maharashtra-440033-India
Industry Classification
Manufacturing (Metals & Chemicals, and products thereof)
Company Type
Market Information
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Historical Performance
7-year trend analysis (2018-2025)
Company Overview (1 Apr 2018-31 Mar 2025))
Total Bids
49
Contract Value
₹275.17 Cr
L1 Bids
28
Recent Win Rate
55.6%
Performance Analytics
Economic Explosives Limited: Comprehensive Tender Performance Analysis
Executive Summary
Economic Explosives Limited demonstrates a strong presence in the Indian government procurement landscape, particularly within the defence and mining sectors. This report provides a comprehensive analysis of their tender performance, competitive positioning, and strategic opportunities, focusing on government tender analysis, industry supplier performance, and relevant ministry-specific data.
Between April 2018 and March 2025, Economic Explosives Limited participated in 49 government tenders, achieving a win rate of 57.1%. This translates to securing 28 L1 positions, demonstrating their competitive pricing strategy and qualification success. The company has shown impressive growth, securing contracts worth ₹2,75,17,36,221, primarily concentrated in Madhya Pradesh and Maharashtra. During FY2024-25, the company witnessed a significant contract value growth of 200.65% compared to the previous year.
TenderAI's financial health assessment gives Economic Explosives Limited an 'Excellent' score of 96.8/100, based on consistent win rates, strong contract values, and efficient bid processes. Their core strengths lie in high-value contracts and an efficient bid process, but they face challenges in the ₹10 lakh to ₹50 lakh bid range.
Their primary focus is on tenders from the Ministry of Defence and departments such as the Department of Defence Research & Development and Department of Defence Production. They also have significant engagement with the Ministry of Mines and Ministry of Coal.
This report provides key insights for government procurement officers, industry stakeholders, competitors, and investors seeking to understand Economic Explosives Limited's position and future prospects in the Indian government tender ecosystem. The key performance indicators (KPIs) like win rate, qualification rate, and contract value growth is essential for government tender analysis.