Competitor profile

PANACEA ALLOYS PVT LTD

They win 26% of what they bid, but only 9% of the value — the bigger bids get away.

23tenders on record
8buyer authorities
5states
24 Sept 2026last award
Total bids
23
23 including cancelled tenders
Awarded
6
9 lost · 0 still pending
Awarded value
₹1.8 Cr
of ₹20.3 Cr bid — 8.6% conversion
Win rate
26.1%
of 23 decided bids

Bid outcomes

Lost bids carry more value than won ones — they chase big and lose big
By count23 bids
26.1%
34.8%
39.1%
Awarded626.1%
Pending00.0%
Tech rejected834.8%
Lost939.1%
By value₹20.3 Cr
78.3%
13.0%
Awarded₹1.8 Cr8.6%
Pending₹00.0%
Tech rejected₹15.9 Cr78.3%
Lost₹2.6 Cr13.0%

Where they win

4 authorities · 2 states

Top buyer organisations

HPSEBL₹80.1 L45.8%
NTPC Limited₹73.8 L42.1%
IndianOil₹12.8 L7.3%
RRVUN - CMD₹8.4 L4.8%

Operating states

LowHigh
Rajasthan₹8.4 L

2 awards on central/PSU portals carry no state

Top competitors

In tenders they both bid · bar shows how the awards split
01
JAI INFO SYSTEMS1 win · 7 shared tenders
₹3.3 L
won head-to-head
02
AAJCO ENERGY PRIVATE LIMITED3 wins · 6 shared tenders
₹3.5 Cr
won head-to-head
03
Exide Industries Limited3 wins · 4 shared tenders
₹6.7 Cr
won head-to-head
04
MYSORE THERMO ELECTRIC PVT LTD0 wins · 3 shared tenders
₹0
won head-to-head
05
M/s. Aaj Accumulators Pvt. Ltd.1 win · 3 shared tenders
₹17.9 L
won head-to-head
06
DC POWER SYSTEMS2 wins · 3 shared tenders
₹5.5 L
won head-to-head
Rival awardedPANACEA ALLOYS awardedOthers

About PANACEA ALLOYS PVT LTD

PANACEA ALLOYS PVT LTD appears as a bidder on 23 government tenders on record, from 8 buyer authorities in 5 states. Of its 23 decided bids, it was awarded 6 — a 26.1% win rate — worth ₹1.8 Cr in total. Its most recent award on record is from 24 Sept 2026.

Its largest buyer by awarded value is HPSEBL, at 45.8% of what it has won, out of 4 authorities that have awarded it work. Most of its awards come from Himachal Pradesh and Rajasthan. On priced bids, its median quote is 0.9% above the lowest bid (L1).

It most often bids against JAI INFO SYSTEMS, AAJCO ENERGY PRIVATE LIMITED and Exide Industries Limited. JAI INFO SYSTEMS bid on 7 of the same tenders and won 1 of them; PANACEA ALLOYS PVT LTD won 1.

This profile is built from what portals disclose publicly. Several states never release bidder lists or quoted prices, so it likely understates a company's true footprint. Companies are matched by the name they bid under, so firms sharing a common name can appear together. A tender counts as won when the company received the award. TenderShark compiles these public records independently and has no association with any government portal, buyer, or bidder.