IAC Electricals: Government Tender Performance Analysis

IAC Electricals Pvt Ltd is making significant strides in India's government tender ecosystem, evidenced by its participation in 9 tenders. This comprehensive analysis explores their tender engagement, qualification success, and emerging procurement strategy. This report highlights Iac Electricals's impressive financial growth and strategic market positioning.

Superior Tender Success Rate of 44.4%

IAC Electricals demonstrates exceptional government tender performance with a noteworthy win ratio of 44.4%. Out of 9 tenders, they have successfully secured 4 L1 positions (lowest bid winners), establishing them as a highly competitive government contractor. Their achievement of 0 L2 and 0 L3 positions underscores their consistent ability to offer competitive pricing across various government tender categories.

Financial Performance in Government Tenders

IAC Electricals has strategically bid on contracts with a combined value of ₹7,11,68,683.0, successfully securing contracts valued at ₹7,11,68,683.0. This equates to a 100.0% conversion rate, showcasing their proficiency in targeting and winning significant public sector projects. Their effective bidding strategy is a key driver of their financial growth within the electrical equipment sector.

Specialized Government Procurement Focus

The company has cultivated a regional presence in Karnataka government tenders, indicating a focused geographic specialization in their public procurement approach. Their tender history demonstrates significant engagement with the Department Of Heavy Industry and the Power Grid Corporation Of India Limited, demonstrating specific procurement expertise. Their experience bidding with Bharat Heavy Electricals Limited (Bhel) highlights their understanding of varied organizational procurement requirements.