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ifgl refractories limited Tender Performance & Track Recordifgl refractories limited

CIN: L27202OR1989PLC002971
Amalgamated

Tender Performance & Track Record

Public
Company limited by shares
CIN: L27202OR1989PLC002971
Amalgamated
Public
Company limited by shares

Company Overview

Summary
IFGL Refractories Limited: Business Analysis and Strategic Recommendations Executive Summary:
Primary Ministry: Ministry of SteelPrimary Department: Steel Authority of India Limited
Founded: 1989State: ORISSA
Primary Ministry:
Ministry of Steel
Primary Department:
Steel Authority of India Limited
Founded:1989
State:ORISSA

Tender Performance

Data for 01 April 2024 to 14 September 2025

Live Data

Total Bids / Contract Value

Bids61
Value₹763.80Cr

Qualified Bids / Q Rate

Bids58
Q Rate95.1%

Total Wins / Win Value

Win18
Value₹252.81Cr

Wins Rate / Q-W Rate

Rate29.5%
Q-W Rate31.0%

Detailed Performance Analysis

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Tender Performance by Ministries

3 entries

Name

Bids
Value
Qualified
Wins
Value

Ministry of Steel

33.3% win rate
51
₹762.90 Cr
49
17
₹252.75 Cr

Ministry of Steel

Bids
51
₹762.90 Cr
Qualified
49
Wins
17
₹252.75 Cr
33.3% win rate

Ministry of Defence

12.5% win rate
8
₹79.54 Lakh
7
1
₹5.64 Lakh

Ministry of Defence

Bids
8
₹79.54 Lakh
Qualified
7
Wins
1
₹5.64 Lakh
12.5% win rate

Ministry of Heavy Industries and Public Enterprises

0.0% win rate
2
₹10.84 Lakh
2
0
₹0

Ministry of Heavy Industries and Public Enterprises

Bids
2
₹10.84 Lakh
Qualified
2
Wins
0
₹0
0.0% win rate

Top Bid Competitors

Companies that frequently compete with you in the same tenders — ranked by their total win value.You applied for 61 bids — VESUVIUS INDIA LTD appeared in 24 of them.

Company
Total Bids
Value
Qualified
Rate
Wins
Value

IFGL REFRACTORIES LIMITED

Your Company
29.5% win rate
61
₹763.80 Cr
58
95.1%
18
₹252.81 Cr

IFGL REFRACTORIES LIMITED

Your Company
Total Bids
61
₹763.80 Cr
Qualified
58
95.1%
Wins
18
₹252.81 Cr
29.5% win rate
VESUVIUS INDIA LTD
25.0% win rate
24
₹596.92 Cr
16
66.7%
6
₹125.51 Cr
VESUVIUS INDIA LTD
Total Bids
24
₹596.92 Cr
Qualified
16
66.7%
Wins
6
₹125.51 Cr
25.0% win rate
RHI MAGNESITA INDIA LIMITED
20.6% win rate
34
₹626.82 Cr
34
100.0%
7
₹124.57 Cr
RHI MAGNESITA INDIA LIMITED
Total Bids
34
₹626.82 Cr
Qualified
34
100.0%
Wins
7
₹124.57 Cr
20.6% win rate
SARVESH REFRACTORIES PRIVATE LIMITED
25.0% win rate
8
₹209.61 Cr
8
100.0%
2
₹98.53 Cr
SARVESH REFRACTORIES PRIVATE LIMITED
Total Bids
8
₹209.61 Cr
Qualified
8
100.0%
Wins
2
₹98.53 Cr
25.0% win rate
VISHVA VISHAL REFRACTORY LIMITED
63.6% win rate
11
₹108.48 Cr
11
100.0%
7
₹77.18 Cr
VISHVA VISHAL REFRACTORY LIMITED
Total Bids
11
₹108.48 Cr
Qualified
11
100.0%
Wins
7
₹77.18 Cr
63.6% win rate
TRL KROSAKI REFRACTORIES LIMITED
26.7% win rate
15
₹243.84 Cr
14
93.3%
4
₹63.04 Cr
TRL KROSAKI REFRACTORIES LIMITED
Total Bids
15
₹243.84 Cr
Qualified
14
93.3%
Wins
4
₹63.04 Cr
26.7% win rate
CALDERYS STEELCASTING INDIA PRIVATE LIMITED
66.7% win rate
6
₹17.75 Cr
6
100.0%
4
₹9.67 Cr
CALDERYS STEELCASTING INDIA PRIVATE LIMITED
Total Bids
6
₹17.75 Cr
Qualified
6
100.0%
Wins
4
₹9.67 Cr
66.7% win rate
CHAMPION CERAMICS PVT LTD.,
25.0% win rate
4
₹81.38 Lakh
3
75.0%
1
₹61.16 Lakh
CHAMPION CERAMICS PVT LTD.,
Total Bids
4
₹81.38 Lakh
Qualified
3
75.0%
Wins
1
₹61.16 Lakh
25.0% win rate
JHARKHAND GRIND-CHEM PRIVATE LIMITED
0.0% win rate
6
₹18.25 Cr
6
100.0%
0
₹0
JHARKHAND GRIND-CHEM PRIVATE LIMITED
Total Bids
6
₹18.25 Cr
Qualified
6
100.0%
Wins
0
₹0
0.0% win rate
ALLIED METALLURGICAL PRODUCTS LIMITED
0.0% win rate
5
₹16.77 Cr
5
100.0%
0
₹0
ALLIED METALLURGICAL PRODUCTS LIMITED
Total Bids
5
₹16.77 Cr
Qualified
5
100.0%
Wins
0
₹0
0.0% win rate
ADITHYAPOWER REFRACTORIES AND INSULATION PRIVATE LIMITED
0.0% win rate
4
₹23.99 Lakh
3
75.0%
0
₹0
ADITHYAPOWER REFRACTORIES AND INSULATION PRIVATE LIMITED
Total Bids
4
₹23.99 Lakh
Qualified
3
75.0%
Wins
0
₹0
0.0% win rate
Company Profile
CINL27202OR1989PLC002971
Class
Public
Status
Amalgamated
Founded1989

Financial Details

Authorized Capital₹60.0Cr
Paid-up Capital₹34.6Cr

Registered Office

SECTOR B KALUNGA INDUSTRIAL ESTATE KALUNGA ROURKELANA-SUNDARGARH-Orissa-770031-India

Industry Classification

Manufacturing (Metals & Chemicals, and products thereof)

NIC Code27202

Company Type

CategoryCompany limited by shares
Sub-CategoryNon-government company
Origin
Indian

Market Information

Listing Status
Listed
ROCROC Cuttack
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Historical Performance

7-year trend analysis (2018-2025)

Historical Data

Company Overview (1 Apr 2018-31 Mar 2025))

Total Bids

129

Qualified: 125
Q Rate: 96.9%

Contract Value

₹1515.22 Cr

Avg. Bid: ₹13.36 Cr
Avg. EMD: ₹13.06 Lakh

L1 Bids

38

Win Rate: 29.5%
Q to W Ratio: 30.4%

Recent Win Rate

45.2%

Change: +21.6%
Period: FY 2024-25

Performance Analytics

Last 7 Years
Performance Trend
Win/Loss Distribution
Contract Value Growth Over Time

IFGL Refractories Limited: Business Analysis and Strategic Recommendations

Executive Summary:

IFGL Refractories Limited demonstrates a robust presence in the government tender landscape with a 29.7% win rate across 128 tender participations. The company has secured 38 L1 positions, showcasing competitive pricing and effective bid strategies. With ₹14.99 Billion+ in government contract value secured, IFGL exhibits strong financial performance and a demonstrated capability in high-value government contracts within the refractories industry. Key areas for improvement include addressing weaknesses in specific bid ranges and capitalizing on opportunities within high-value departments like SAIL.

Financial Performance of IFGL Refractories Limited

IFGL Refractories Limited's financial performance in government tenders reveals a solid track record in securing valuable public sector projects. The company's IFGL Refractories Limited financial performance is characterized by:

  • Total Contract Value: Securing ₹14,99,26,74,685.0 in government contracts.
  • Win Rate: A commendable 29.7% win rate, demonstrating effective targeting and bidding strategies.
  • Technical Qualification Rate: A high 96.9% technical qualification rate, indicating strong compliance capabilities.

Key Financial Metrics: