ERDA ILLUMINE ALTERNATIVE FUEL PRIVATE LIMITED: Comprehensive Tender Performance Analysis

Executive Summary:

ERDA ILLUMINE ALTERNATIVE FUEL PRIVATE LIMITED is establishing its presence in the Indian government tender landscape. From April 2022 to March 2024, the company participated in 6 tenders, achieving a 16.7% win rate. Their qualification rate stands at 50.0%. They've demonstrated an ability to secure high-value contracts, reflected in their successful acquisition of government contracts totaling ₹160 crore. A TenderAI financial health assessment identifies areas for improvement, with a score of 49.2, categorized as 'Concerning'. ERDA ILLUMINE's primary engagement is with the Ministry of Power and Contracts and Materials department, marking these as key areas of focus.

ERDA ILLUMINE ALTERNATIVE FUEL PRIVATE LIMITED is an emerging player in the Indian alternative fuel sector, specifically focused on securing government contracts. Their early tender participations show a developing understanding of procurement processes and technical qualification requirements. The company has demonstrated an ability to handle significant public sector work and complex project requirements. This positions them as a potentially valuable partner for government initiatives in the alternative fuel sector. However, to enhance their market positioning, strategic improvements are needed to increase their win rate and overall bid competitiveness. The current analysis examines their tender performance, identifies strengths and weaknesses, and provides strategic recommendations for future growth.

Financial Performance Analysis

Yearly Trends