Nihir Chemicals: Government Tender Performance Analysis

Nihir Chemicals has begun establishing presence in India's government tender ecosystem with participation in 3 tenders. This initial analysis examines their early tender participation, technical qualification rate, and emerging procurement strategy.

Government Tender Participation Strategy

Nihir Chemicals is currently in the early exploration phase of government tender participation, having submitted bids for 3 tenders. As they continue to develop their bidding strategy and capabilities, their performance metrics will provide increasing insight into their competitive positioning and sector specialization. This early-stage data serves as a baseline for measuring future procurement success.

Financial Performance in Government Tenders

Nihir Chemicals has bid on contracts with a total value of ₹1,70,73,276.0, successfully securing ₹1,70,73,276.0 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.

Specialized Government Procurement Focus

They have focused their tender participation on Indian Oil Corporation Limited, building specialized knowledge in these departmental procurement processes. They have experience bidding with Indian Oil Corporation Limited, showing familiarity with diverse organizational procurement requirements.