NETA Engineering Works: Government Tender Performance Analysis

NETA Engineering Works Private Limited has demonstrated strategic engagement in India's public procurement landscape with 128 government tender participations. This analysis provides insights into their bidding performance, tender success patterns, and competitive positioning in government contracts. Leveraging TenderAI analysis, this report offers a comprehensive review for Indian government procurement audiences.

Executive Summary

From FY2018-19 to FY2024-25, NETA Engineering Works participated in 128 government tenders, achieving a win rate of 17.2%. This includes securing 22 L1 positions, demonstrating a competitive pricing approach. Their qualification rate stands at 49.2%, indicating potential for improvement in meeting technical specifications. The company's financial health score, according to TenderAI scoring components, is rated as 'Concerning' at 45.8, highlighting areas needing attention. NETA Engineering Works' market positioning shows a regional presence, particularly in Tamil Nadu government tenders, with primary engagement in the Ministry of Defence and the Department of Home.

Financial Performance Analysis

Yearly Trends: Over the period from FY2018-19 to FY2024-25, NETA Engineering Works' tender participation has fluctuated. FY2019-20 saw the highest activity with 82 bids and 21 wins, while recent years show reduced participation. Comparative analysis of FY2018-19 vs FY2019-20 shows a significant increase in bid count and win rate. The total contract value secured is ₹1,39,07,813.