VIKAS INSULATION COMPANY - Govt Tender Track Record, Bids & Win Rate 2026

Total bids

220

221 including cancelled tenders

Awarded

157 lost · 0 still pending

Awarded value

₹10.9 Cr

of ₹56.1 Cr bid — 19.5% conversion

Win rate

18.6%

of 220 decided bids

Bid outcomes

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

By count220 bids

18.6%

10.0%

71.4%

Awarded4118.6%

Pending00.0%

Tech rejected2210.0%

Lost15771.4%

By value₹56.1 Cr

19.5%

73.4%

Awarded₹10.9 Cr19.5%

Pending₹00.0%

Tech rejected₹4.0 Cr7.1%

Lost₹41.2 Cr73.4%

Where they win

1 authority · 0 states

Top buyer organisations

IndianOil₹10.9 Cr100.0%

Operating states

LowHigh

41 awards on central/PSU portals carry no state

Top competitors

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

Jay Gauri Projects (I) Pvt. Ltd.7 wins · 46 shared tenders

₹2.6 Cr

won head-to-head

DSP ENTERPRISES8 wins · 33 shared tenders

₹3.9 Cr

won head-to-head

M/s S S Enterprises4 wins · 30 shared tenders

₹29.1 L

won head-to-head

BARODA DECORATORS7 wins · 22 shared tenders

₹1.7 Cr

won head-to-head

Prayansh Enterprises4 wins · 21 shared tenders

₹64.0 L

won head-to-head

JAIN CONSTRUCTION COMPANY10 wins · 21 shared tenders

₹1.9 Cr

won head-to-head

Rival awardedVIKAS INSULATION awardedOthers

Recent tenders awarded to VIKAS INSULATION

Annual Rate contract for Maintenance of Mainline Facilities and Handling Emergency Situations in Mainline Jurisdiction under WRPL Vadinar StationIndianOil · 11 Jan 2024₹91.7 L
Rate contract for rectification of defects identified through ILI and DCVG surveys, for the pipelines under Jodhpur base jurisdiction.IndianOil · 4 Nov 2023₹55.5 L
Annual Rate Contract for mainline maintenance works under WRPL, Rajola jurisdictionIndianOil · 3 Jul 2023₹16.9 L
Annual Rate Contract for mainline maintenance works under WRPL, Beawar jurisdictionIndianOil · 3 Jul 2023₹9.1 L
Annual Rate Contract for mainline maintenance works under WRPL, Jodhpur jurisdictionIndianOil · 3 Jul 2023₹10.3 L

About VIKAS INSULATION COMPANY

VIKAS INSULATION COMPANY appears as a bidder on 221 government tenders on record, from 1 buyer authority on central and PSU portals. Of its 220 decided bids, it was awarded 41 — a 18.6% win rate — worth ₹10.9 Cr in total. Its most recent award on record is from 8 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 18.9% above the lowest bid (L1).

It most often bids against Jay Gauri Projects (I) Pvt. Ltd., DSP ENTERPRISES and M/s S S Enterprises. Jay Gauri Projects (I) Pvt. Ltd. bid on 46 of the same tenders and won 7 of them; VIKAS INSULATION COMPANY won 10.