Vikas Castings: Government Tender Performance Analysis

Vikas Castings has begun establishing presence in India's government tender ecosystem with participation in 6 tenders. This initial analysis examines their early tender participation, technical qualification rate, and emerging procurement strategy.

Government Tender Performance Development

Vikas Castings has achieved 1 L1 positions as the lowest bidder in government tenders, with additional 0 L2 and 0 L3 rankings. With a tender success rate of 16.7% across 6 bids, the company is actively building their government procurement capabilities. These early performance indicators provide valuable insights into their competitive approach and positioning in the public sector procurement landscape.

Financial Performance in Government Tenders

Vikas Castings has bid on contracts with a total value of ₹,19,02,31,224.0, successfully securing ₹,19,02,31,224.0 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

Their tender history includes significant engagement with Steel Authority Of India Limited, where they have demonstrated specific procurement expertise. They have experience bidding with Alloy Steel Plant, showing familiarity with diverse organizational procurement requirements.