covalent gastech private limited
Tender Performance & Track Record
Company Overview
Tender Performance
Data for 01 April 2024 to 15 September 2025
Total Bids / Contract Value
Qualified Bids / Q Rate
Total Wins / Win Value
Wins Rate / Q-W Rate
Detailed Performance Analysis
Tender Performance by Ministries
Name
Top Bid Competitors
Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 2 bids — SANMISH ENERGIES PRIVATE LIMITED appeared in 1 of them.
COVALENT GASTECH PRIVATE LIMITED
COVALENT GASTECH PRIVATE LIMITED
Financial Details
Registered Office
R S 189, Kharchi Road, Village Mulad, Tal. Jhagadiya,NA-Bharuch-Gujarat-393110-India
Industry Classification
Manufacturing (Machinery & Equipments)
Company Type
Market Information
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Historical Performance
7-year trend analysis (2018-2025)
Company Overview (1 Apr 2018-31 Mar 2025))
Total Bids
4
Contract Value
₹42.55 Lakh
L1 Bids
0
Recent Win Rate
0.0%
Performance Analytics
COVALENT GASTECH PRIVATE LIMITED: Government Tender Performance Analysis
Executive Summary:
COVALENT GASTECH PRIVATE LIMITED is establishing its presence in the Indian government tender landscape. An analysis of their tender performance from FY2022-23 to FY2024-25 reveals key insights into their participation strategy and potential for growth. During this period, COVALENT GASTECH participated in 4 tenders, achieving a 25.0% qualification rate. Their financial health score is currently assessed as 'Critical' by TenderAI, indicating areas for improvement in win rate and contract value. COVALENT GASTECH's market positioning is in the early stages, with participation focused on sectors related to their product/service offerings. Their primary focus has been on tenders from the Ministry of Civil Aviation, Ministry of Defence, and Ministry of Heavy Industries and Public Enterprises, with the majority of bids directed to Air India Air Transport Services Limited and the Department of Heavy Industry.
Financial Performance Analysis
Yearly Trends:
A review of yearly performance data from FY2018-19 to FY2024-25 indicates that COVALENT GASTECH's tender participation commenced in FY2022-23. In FY2022-23, they submitted 2 bids, achieving a qualification rate of 50.0% with a total contract value of ₹9,19,043. In FY2024-25, they submitted 2 bids, however did not qualify for any, with a total contract value of ₹33,36,015. There were no bids in FY2018-19, FY2019-20, FY2020-21, FY2021-22 and FY2023-24. The year-on-year data is as follows:
| Fiscal Year | Bid Count | Win Count | Qualified Count | Qualification Rate | Total Contract Value |
|---|---|---|---|---|---|
| FY2022-23 | 2 | 0 | 1 | 50.0% | ₹9,19,043 |