INSULATION PRODUCTS SYSTEMS PVT LTD - Govt Tender Track Record, Bids & Win Rate 2026

Total bids

61 including cancelled tenders

Awarded

33 lost · 0 still pending

Awarded value

₹43.1 Cr

of ₹157.0 Cr bid — 27.5% conversion

Win rate

26.2%

of 61 decided bids

Bid outcomes

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

By count61 bids

26.2%

19.7%

54.1%

Awarded1626.2%

Pending00.0%

Tech rejected1219.7%

Lost3354.1%

By value₹157.0 Cr

27.5%

18.1%

54.4%

Awarded₹43.1 Cr27.5%

Pending₹00.0%

Tech rejected₹28.5 Cr18.1%

Lost₹85.3 Cr54.4%

Where they win

1 authority · 0 states

Top buyer organisations

IndianOil₹43.1 Cr100.0%

Operating states

LowHigh

16 awards on central/PSU portals carry no state

Top competitors

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

shree thermocare pvt ltd16 wins · 53 shared tenders

₹48.5 Cr

won head-to-head

Beardsell Limited7 wins · 44 shared tenders

₹27.1 Cr

won head-to-head

Sharad Insulations and Interiors Pvt. Ltd10 wins · 39 shared tenders

₹30.0 Cr

won head-to-head

KALINGA INSULATION6 wins · 36 shared tenders

₹14.6 Cr

won head-to-head

LLOYD INSULATIONS INDIA LIMITED12 wins · 32 shared tenders

₹45.6 Cr

won head-to-head

Anukul Engineering and Construction4 wins · 27 shared tenders

₹7.0 Cr

won head-to-head

Rival awardedINSULATION awardedOthers

Recent tenders awarded to INSULATION

RPRC253311 Annual Rate Contract for Repair and Maintenance of Insulation works in P25 units and offsite area of Panipat Refinery.IndianOil · 6 Feb 2026₹1.8 Cr
Annual Rate Contract for Repair and Maintenance of Insulation Works in Various Units of Panipat Refinery Part A B C D EIndianOil · 10 Jul 2025₹9.9 Cr
Mitigation of CUI (corrosion under insulation) prone in piping and equipment as per inspection recommendation by suitable protective coating and re-insulation at Panipat Refinery (Phase-1) (Part C and D).IndianOil · 4 Jun 2025₹4.9 Cr
Insulation and Painting works for rectification of corrosion under insulation at Panipat Naphtha Cracker, Panipat.IndianOil · 29 Dec 2023₹3.0 Cr
ARC for repair and maintenance of insulation works in various units of PRIndianOil · 30 Nov 2023₹2.0 Cr

About INSULATION PRODUCTS SYSTEMS PVT LTD

INSULATION PRODUCTS SYSTEMS PVT LTD appears as a bidder on 61 government tenders on record, from 1 buyer authority on central and PSU portals. Of its 61 decided bids, it was awarded 16 — a 26.2% win rate — worth ₹43.1 Cr in total. Its most recent award on record is from 7 Apr 2026.

Its largest buyer by awarded value is IndianOil, at 100.0% of what it has won. On priced bids, its median quote is 10.5% above the lowest bid (L1).

It most often bids against shree thermocare pvt ltd, Beardsell Limited and Sharad Insulations and Interiors Pvt. Ltd. shree thermocare pvt ltd bid on 53 of the same tenders and won 16 of them; INSULATION PRODUCTS SYSTEMS PVT LTD won 13.