Government Tender Analysis: Elgi Equipments Limited

Elgi Equipments Limited has submitted bids for 30 government tenders, establishing themselves as an active participant in the public sector procurement ecosystem. Their tender history reveals important patterns in qualification rates, competitive positioning, and category specialization.

Superior Tender Success Rate of 60.0%

Elgi Equipments Limited demonstrates exceptional government tender performance with an impressive win ratio of 60.0%. Out of 30 tenders, they have secured 18 L1 positions (lowest bid winners), establishing them as a highly competitive government contractor. The company has also achieved 0 L2 and 0 L3 positions, further highlighting their consistent ability to offer competitive pricing across various government tender categories.

Notably, Elgi Equipments Limited has demonstrated capability in high-value government contracts, participating in 4 major procurement projects. This experience with premium government tenders indicates their capacity to handle significant public sector work and complex project requirements.

Financial Performance in Government Tenders

Elgi Equipments Limited has bid on contracts with a total value of ₹,45,61,45,341.0, successfully securing ₹,45,61,45,341.0 in government contract value. This represents a 100.0% conversion rate of bid value to won contracts, demonstrating their effectiveness in targeting and securing valuable public sector projects.

The company's average Earnest Money Deposit (EMD) of ₹,77,083.0 indicates their financial capacity to participate in substantial government tenders requiring significant bid security.