heavy engineering corporation private limited
Tender Performance & Track Record
Company Overview
Tender Performance
Data for 01 April 2024 to 18 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 5 bids — RRL STEELS LTD appeared in 1 of them.
HEAVY ENGINEERING CORPORATION PRIVATE LIMITED
HEAVY ENGINEERING CORPORATION PRIVATE LIMITED
Financial Details
Registered Office
H.E.C.ADMINISTRATIVE BLDG.PLANT PLAZA RD. RANCHI-4 PLANT PLAZA ROADNA-RANCHI-Jharkhand-000000-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
70
Contract Value
₹125.00 Cr
L1 Bids
7
Recent Win Rate
75.0%
Performance Analytics
Heavy Engineering Corporation (HEC) Private Limited: Government Tender Performance Analysis
Executive Summary
Heavy Engineering Corporation (HEC) Private Limited has demonstrated a strategic presence in the Indian government tender landscape. This analysis provides a comprehensive overview of their bidding performance, highlighting key strengths, weaknesses, opportunities, and threats. Between FY2021-22 and FY2024-25, HEC participated in 70 government tenders, achieving a 91.4% qualification rate. Their win rate stands at 10.0%, translating to 7 L1 wins. The total value of contracts bid upon is ₹1,25,00,09,816, with a similar amount secured in won contracts, indicating a 100% conversion rate. TenderAI's financial health assessment scores HEC at 25.3, categorized as 'Critical', based on win rate, contract value, bid efficiency, and growth components.
HEC's primary engagement lies within the Ministry of Steel, Ministry of Coal, and Ministry of Mines, with significant interaction with departments such as Materials Management and Steel Authority of India Limited (SAIL). Their market positioning reflects a balanced value proposition, demonstrating both cost competitiveness and technical capability.
Key challenges include a low bid efficiency, requiring 10.0 bids per win, and difficulty competing for high-value contracts. Opportunities lie in expanding bidding activity with high-value departments and optimizing bid pricing strategies.
Financial Performance Analysis
Yearly Trends
| Fiscal Year | Bid Count | Win Count | Qualification Rate | Win Rate | Total Contract Value |