Total bids
73
73 including cancelled tenders
Awarded
37
28 lost · 0 still pending
Awarded value
₹134.0 Cr
of ₹1.4K Cr bid — 9.6% conversion
Win rate
50.7%
of 73 decided bids
Bid outcomes
Lost bids carry more value than won ones — they chase big and lose bigBy count73 bids
50.7%
11.0%
38.4%
Awarded3750.7%
Pending00.0%
Tech rejected811.0%
Lost2838.4%
By value₹1.4K Cr
89.5%
Awarded₹134.0 Cr9.6%
Pending₹00.0%
Tech rejected₹13.5 Cr1.0%
Lost₹1.3K Cr89.5%
Where they win
5 authorities · 0 statesTop buyer organisations
Operating states
LowHigh
37 awards on central/PSU portals carry no state
Top competitors
In tenders they both bid · bar shows how the awards splitRival awardedTHERMAX LIMITED awardedOthers
Recent tenders awarded to THERMAX LIMITED
- Comprehensive Study of Operational Constraints at Barh-Stage-1 with recommndationNTPC Limited · 13 Apr 2026₹1.2 Cr
- Deployment of Technical Supervisor for Overhauling in Boiler Area at Stage 02 NTPC Barauni.NTPC Limited · 1 Feb 2026₹29.1 L
- Cooling Water Treatment AMC for IndianOil Petronas Private Limited EnnoreIndianOil Petronas Private Limited (IPPL) · 14 Jan 2026₹15.0 L
- EPCC PACKAGE FOR EPU, ETHYLENE DRYING AND CO2 REMOVAL UNIT PARADIPIndianOil · 28 Aug 2025₹0
- EPCC PACKAGE FOR EPU, ETHYLENE DRYING AND CO2 REMOVAL UNIT PARADIPIndianOil · 8 Aug 2025₹46.4 Cr
About THERMAX LIMITED
THERMAX LIMITED appears as a bidder on 73 government tenders on record, from 8 buyer authorities in 3 states. Of its 73 decided bids, it was awarded 37 — a 50.7% win rate — worth ₹134.0 Cr in total. Its most recent award on record is from 25 Aug 2026.
Its largest buyer by awarded value is IndianOil, at 97.0% of what it has won, out of 5 authorities that have awarded it work. On priced bids, its median quote is the lowest (L1).
It most often bids against Ion Exchange India Ltd, Uni Klinger Limited and FORBES MARSHALL PVT.LTD.. Ion Exchange India Ltd bid on 12 of the same tenders and won 9 of them; THERMAX LIMITED won 2.