INDCON PROJECTS and EQUIPMENT LTD. - Govt Tender Track Record, Bids & Win Rate 2026

Total bids

142

145 including cancelled tenders

Awarded

94 lost · 0 still pending

Awarded value

₹46.4 Cr

of ₹233.3 Cr bid — 19.9% conversion

Win rate

18.3%

of 142 decided bids

Bid outcomes

Lost bids carry more value than won ones — they chase big and lose big

By count142 bids

18.3%

15.5%

66.2%

Awarded2618.3%

Pending00.0%

Tech rejected2215.5%

Lost9466.2%

By value₹233.3 Cr

19.9%

19.6%

60.5%

Awarded₹46.4 Cr19.9%

Pending₹00.0%

Tech rejected₹45.7 Cr19.6%

Lost₹141.1 Cr60.5%

Where they win

2 authorities · 0 states

Top buyer organisations

IndianOil₹45.6 Cr98.2%

CPCL,DGM(M and C)₹82.2 L1.8%

Operating states

LowHigh

26 awards on central/PSU portals carry no state

Top competitors

In tenders they both bid · bar shows how the awards split

MULTIMAX ENGINEERING WORKS PVT. LTD3 wins · 42 shared tenders

₹3.6 Cr

won head-to-head

Aero Engineers10 wins · 42 shared tenders

₹32.3 Cr

won head-to-head

Meenakshi Associates Pvt. Ltd.5 wins · 38 shared tenders

₹9.0 Cr

won head-to-head

Aerotherm Products3 wins · 38 shared tenders

₹6.8 Cr

won head-to-head

INDUSTRIAL MANUFACTURERS0 wins · 32 shared tenders

₹0

won head-to-head

PRABHA STEEL INDUSTRIES11 wins · 30 shared tenders

₹18.8 Cr

won head-to-head

Rival awardedINDCON PROJECTS awardedOthers

Recent tenders awarded to INDCON PROJECTS

SUPPLY OF HEAT EXCHANGERS LASIndianOil · 24 Jan 2025₹22.4 L
SUPPLY OF DRIER PACKAGESIndianOil · 24 Jan 2025₹4.9 Cr
AFTER FILTER FOR DRYERS OF LP AIR COMPRESSORIndianOil · 13 Feb 2023₹8.2 L
SUPPLY OF PRESSURE VESSELS - CSIndianOil · 18 Oct 2022₹3.7 Cr
SUPPLY OF HEAT EXCHANGER - CS (Lot 2)IndianOil · 18 Oct 2022₹62.9 L

About INDCON PROJECTS and EQUIPMENT LTD.

INDCON PROJECTS and EQUIPMENT LTD. appears as a bidder on 145 government tenders on record, from 4 buyer authorities on central and PSU portals. Of its 142 decided bids, it was awarded 26 — a 18.3% win rate — worth ₹46.4 Cr in total. Its most recent award on record is from 21 Aug 2026.

Its largest buyer by awarded value is IndianOil, at 98.2% of what it has won, out of 2 authorities that have awarded it work. On priced bids, its median quote is 33.7% above the lowest bid (L1).

It most often bids against MULTIMAX ENGINEERING WORKS PVT. LTD, Aero Engineers and Meenakshi Associates Pvt. Ltd.. MULTIMAX ENGINEERING WORKS PVT. LTD bid on 42 of the same tenders and won 3 of them; INDCON PROJECTS and EQUIPMENT LTD. won 3.