Megaprojects confidingly known as governmental projects are one of the largest business ventures that every organization wishes to have in their yearly business transaction basket. It is because these projects generate a huge amount of profit margin since the overall project value is much more than any other business tenders. On the other hand, these projects are backed by the confidence of the highest authority of a nation – their government, reflecting an unparalleled security that no private organization can generally provide. That is why every year thousands of tenders are submitted to acquire these projects by many different organizations. However, the worthwhile prize goes to only one organization.
Among such many governmental megaprojects; the construction sector is one. Every year numerous TMT organizations submit tenders to acquire government megaprojects, but only a handful of names are only able to swipe the floor. It is because these organizations which usually walk away with the projects have large manufacturing infrastructures and deliver imperial quality products hence they are often resonated as the organization that produces the No 1 TMT bar in India.
For the past one and a half decades, this fight over the megaprojects in Eastern India has been consistent between Shyam Steel Industries Limited and a few more organizations. With Shyam Steel TMT bars being recognized as the No 1 TMT bar in India the organization has been able to acquire the majority of the megaprojects in the past one and a half decades. However, despite this situation Shyam Steel as an organization is still gearing up for further expansion, including its capacity of output by end of 2022. One of the major reasons behind this is the increase in the number of applicants, which includes many small-scale organizations, which have left a mark as one of the top TMT bars in India because of their quality and output capacity. With this dynamic change in the market, a huge rift was seen in 2022 with a huge number of organizations competing to acquire major tenders in Eastern India.
Despite this competition, even though Shyam Steel Industries Limited has reigned supreme in the past 10 years in acquiring major government megaprojects, the road to success will be much more difficult in the years to come. That is why it has become all the more important for all major TMT producers in the market to rank in the top 10 TMT bar Companies in India. As this ranking provides a significant understanding of the quality of TMT bars being produced by the organization since they are evaluated using metric that includes; raw material, the process of manufacturing, grades, and other quality-tested assurance that is a must for TMT bars. Thus, providing an outline understanding of the organization stepping in – to fulfill the tender.
This ranking of the Top 10 TMT bars in India 2022 creates a unique and positive image for the organization, which plays a crucial role in; image creation for the reigning government in front of the common people. Further, with this bantered advantage if an organization has a strong reach out into the in-depth places of the region, an optimum quotation above the lowest usually completes the trick of acquiring the tender. These reasons with the imperial quality product and large-scale production have allowed Shyam Steel Industries Limited over the past 3 decades to dominate the Eastern India governmental megaprojects. And if they continue on the merry way of maintaining and producing the Top Quality TMT Bars in India, they will continue to dominate the Eastern India megaprojects for years to come.
Hence, having said that with assurance based on the testament of historical revelations – the certainty of acquiring government megaprojects is still an uncertain value for any organization mainly due to the widespread competition in the Indian markets! And that is why even though we hold our horses on Shyam Steel Industries Limited to win the fight for government megaprojects in Eastern India next year; still it is an open market for anyone of the Top 10 TMT bar Companies in India for the year 2022to claim the trophy.
That is why it is always a safe bet to bet on time to see which organization actually wins the fight for a government megaproject in Eastern India for the year 2023 – 2024.