VSM Projects Pvt Ltd - Govt Tender Track Record, Bids & Win Rate 2026

Total bids

42 including cancelled tenders

Awarded

22 lost · 0 still pending

Awarded value

₹6.4 Cr

of ₹18.2 Cr bid — 35.4% conversion

Win rate

45.2%

of 42 decided bids

Bid outcomes

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

By count42 bids

45.2%

52.4%

Awarded1945.2%

Pending00.0%

Tech rejected12.4%

Lost2252.4%

By value₹18.2 Cr

35.4%

62.6%

Awarded₹6.4 Cr35.4%

Pending₹00.0%

Tech rejected₹36.0 L2.0%

Lost₹11.4 Cr62.6%

Where they win

1 authority · 0 states

Top buyer organisations

IndianOil₹6.4 Cr100.0%

Operating states

LowHigh

19 awards on central/PSU portals carry no state

Top competitors

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

Oil and Gas Plant Engineers India Private Limited10 wins · 35 shared tenders

₹4.9 Cr

won head-to-head

Gas Projects India Pvt. Ltd1 win · 20 shared tenders

₹20.9 L

won head-to-head

Gilbarco Veeder-Root India Private Limited1 win · 16 shared tenders

₹36.0 L

won head-to-head

Ecofuel Technologist Pvt Ltd6 wins · 16 shared tenders

₹3.8 Cr

won head-to-head

CLASSIC GAS TECHNOLOGISTS3 wins · 10 shared tenders

₹3.5 Cr

won head-to-head

SAFETECHNO SERVICES2 wins · 6 shared tenders

₹89.8 L

won head-to-head

Rival awardedVSM Projects awardedOthers

Recent tenders awarded to VSM Projects

Annual Maintenance Contract of Auto LPG Dispensing Stations (ALDSs) under UPSO-IIndianOil · 14 Jan 2026₹23.5 L
Annual Maintenance Contract and Procurement of Dispensing and Unloading Hoses for all 25 ALDSs under RSO initially for a period of One year and extendable for One more year at the same terms and conditions on mutual consent basis.IndianOil · 27 Jul 2023₹53.3 L
Annual Maintenance Contract of Auto LPG Dispensing Stations (ALDSs) under UPSO-IIndianOil · 1 Oct 2022₹27.2 L
ANNUAL MAINTENANCE CONTRACT (AMC) OF 32 AUTO LPG DISPENSING STATIONS IN KERALA.IndianOil · 18 Mar 2022₹69.7 L
Annual Maintenance Contract for supply of spares and services in Auto LPG Dispensing Stations under Telangana and Andhra Pradesh State Office.IndianOil · 19 Jan 2022₹1.7 Cr

About VSM Projects Pvt Ltd

VSM Projects Pvt Ltd appears as a bidder on 42 government tenders on record, from 2 buyer authorities on central and PSU portals. Of its 42 decided bids, it was awarded 19 — a 45.2% win rate — worth ₹6.4 Cr in total. Its most recent award on record is from 14 Jan 2026.

Its largest buyer by awarded value is IndianOil, at 100.0% of what it has won. On priced bids, its median quote is 1.0% above the lowest bid (L1).

It most often bids against Oil and Gas Plant Engineers India Private Limited, Gas Projects India Pvt. Ltd and Gilbarco Veeder-Root India Private Limited. Oil and Gas Plant Engineers India Private Limited bid on 35 of the same tenders and won 10 of them; VSM Projects Pvt Ltd won 14.