Government Tender Analysis: Nitcon Limited

Nitcon Limited has submitted bids for 35 government tenders, establishing themselves as an active participant in the public sector procurement ecosystem. Their tender history reveals important patterns in qualification rates, competitive positioning, and category specialization.

Proven L1 Bid Success with 10 Contract Wins

Nitcon Limited has successfully secured 10 L1 positions in government tenders, demonstrating their strategic pricing approach and competitive bid strategy. With a win ratio of 28.6% across 35 tender participations, they have established a reliable track record in government procurement. Their bidding performance also includes 0 L2 and 0 L3 rankings, showing consistent competitiveness in public sector contracts.

Notably, Nitcon Limited has demonstrated capability in high-value government contracts, participating in 21 major procurement projects. This experience with premium government tenders indicates their capacity to handle significant public sector work and complex project requirements.

Financial Performance in Government Tenders

Nitcon Limited has bid on contracts with a total value of ₹1,93,38,75,602.0, successfully securing ₹1,93,38,75,602.0 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.

The company's average Earnest Money Deposit (EMD) of ₹9,80,158.4285714285 indicates their financial capacity to participate in substantial government tenders requiring significant bid security.