akar spring works Tender Performance & Track Recordakar spring works

Akar Spring Works Government Tender Profile

With a substantial portfolio of 96 government tender participations, Akar Spring Works has demonstrated strategic engagement in India's public procurement landscape. This analysis provides insights into their bidding performance, tender success patterns, and competitive positioning in government contracts.

Proven L1 Bid Success with 37 Contract Wins

Akar Spring Works has successfully secured 37 L1 positions in government tenders, demonstrating their strategic pricing approach and competitive bid strategy. With a win ratio of 38.5% across 96 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.

Financial Performance in Government Tenders

Akar Spring Works has bid on contracts with a total value of ₹1,85,46,788.0, successfully securing ₹1,85,46,788.0 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

The company has established a regional presence in Maharashtra government tenders, showing geographic specialization in their public procurement strategy. Their tender history includes significant engagement with Department Of Defence Production, Department Of Heavy Industry, Department Of Atomic Energy, where they have demonstrated specific procurement expertise. They have experience bidding with Yantra India Limited, Advanced Weapons And Equipment India Limited, Bharat Heavy Electricals Limited (Bhel), showing familiarity with diverse organizational procurement requirements.