1) Hindustan Zinc Limited: Paying up
8A compliance matter is being closed with a quantified cash penalty and formal disclosure hygiene
 
2) Nagarjuna: New ED (Operations) in place
8NFCL is putting operations under a long-tenured insider with explicit P&L and risk framing
 
3) Rallis India Limited: Change in senior management (Seeds R&D)
8Rallis is scripting a seeds R&D leadership transition with a staged senior management designation

8Here's what's happening today in the E&P, midstream-downstream, and CGD section

8Notice inviting offers for exploration and development of oil & gas blocks under HELP–OALP Bid Round-X [DGH]
8Outcome of shareholders’ general meeting and approval of asset disposal [Synergia]
8Declaration of result for engagement of part-time medical professionals at PNGRB [PNGRB]
8Resignation of statutory auditor [Confidence Petroleum]
8Intimation of resignation of Mr. Brij Mohan Bansal as independent director [AES]
8Intimation of extension of tenure of Shri Madhu Sankunny Nair as chairman and managing director [CSL]
8Cessation of Mr. Gagan Bihari Pattnaik as vice president ESG and sustainability [Refex]
8Change in director of the company [Petronet]
8Intimation of trading window closure in connection with declaration of financial results [HOEC]
8Notice inviting offers for exploration and development of CBM blocks under OALP – Special CBM Bid Round 2026 [DGH]

8Project Name: Cuttack District City Gas Distribution
8Project Cost: Rs 350 crore Click here for more details

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1) Owner callout slickline tender hard-codes no-pay downtime and asset-ownership gates
8It is buying reservoir decisions, not slickline time, and it is spelling that out through pay conditions that switch off the meter during breakdowns and compliance failures.
8The qualification bar quietly shifts from paperwork to provable asset ownership and verifiable similar-work value, tightening the vendor funnel before price even matters.
8The clauses that look routine on the surface become sharp once mapped to a 5000 psi, 160°c operating window where tool reliability decides both data quality and cashflow.
 
2) OVL’s CPO-5 WBCO tender hardwires parallel-well readiness and local price-matching leverage
8The package reads like a cleanout tender, but the technical spine is built for overlapping wells and document-heavy tool integrity.
8A quiet currency-evaluation mechanic and a municipal local-preference match-down rule sit in the background, capable of flipping how bidders price risk and timing.
8The bigger tension is a scope baseline that doesn’t fully agree with itself—exactly the kind of mismatch that decides who can bid aggressively and who has to hedge.
 
3) SPM maintenance-diving support vessel EOI window extended
8The real filter remains technical and fleet-led: ISM compliance, IACS class, FiFi-1 and a 25-year age cap shape who can even show up.
8What bidders do next will reveal whether this is a simple participation push or a symptom of tighter-than-expected supply of compliant tonnage.
 
4) ONGC extends charter hiring of 06 helicopters tender opening
8The move comes after multiple corrigenda that tighten bid currency, local/import content declarations, and exchange-rate fixing tied to price bid opening.
8The extension may look administrative, but it reshapes bidder strategy on FX exposure, documentation readiness, and bid-shape compliance.
 
5) Oil India’s Sadiya integrated drilling service tender extended again
8The extension chain now stretches more than a year beyond the original schedule, yet the corrigenda keep every other tender condition frozen.
8What the documents do not say—why the market still hasn’t cleared—may matter more than the dates themselves.

8ONGC’s western offshore clamp on project throws up a tight 1.8% fight for the top slot, but a sharply higher third bid changes the pricing narrative.

1) Five extensions push the API 617 compressor bid out by 72 days
8This usually signals participation or compliance friction inside a tightly-filtered oem pool. The longer runway will test whether bidders can lock motor/VFD provenance and confidentiality governance without pricing in extra risk.
 
2) A six-step extension chain rewrites the bidding tempo for BPCL’s BPREP column package
8The tender moved through six dated pushes. That cadence often reflects either thin participation or slow-moving clarifications. The absence of stated reasons forces bidders to infer the promoter’s intent from timing alone.
 
3) Four bid due date extensions push NRL’s PPU special purpose compressor tender out by 48 days
8This suggests a pattern that usually signals either participation stress or unresolved scope friction. The technical-commercial evaluation bundle is unusually broad for a rotating equipment package, pulling commissioning, FAT, HAZOP and multi-year maintenance into the price lens.
 
4) Two-step bid deadline extension stretches purge gas recovery membrane package by 25 days
8The unit is being evaluated like a full package lifecycle, not a simple equipment buy, with 3D modelling, HAZOP participation, and OEM site activity priced into comparison.
 
5) Bid timelines extended for propylene and ethylene tower catalyst package
8This is without changing the underlying reverse auction, qualification, or delivery posture. For a non-regenerable purification catalyst buy that protects pp unit stability, the extension looks like a participation and documentation safeguard rather than a scope rethink.
 
6) BPCL extends SAF pathway PFR bid to 10 Jan 2026 while keeping licensor-cost risk on bidders
8BPCL has quietly added a one-week breathing space to its SAF pathway PFR tender, shifting the bid deadline from early January to 10 January. But the extension lands inside a document stack where platform-set eligibility signals collide with buyer overrides, and bidders are told to self-fund licensor-gated inputs anyway. The result is a tender that looks routine on dates, yet remains structurally high-friction on qualification certainty and estimate defensibility.
 
7) IOCL extends bid timeline for SADC shutdown / DCU low-throughput mechanical jobs
8This is buying time without visibly loosening qualification gates.

1) This polypropylene project sets up a second pre-tender reset on qualification gates for PFCCU revamp composite works
8A second pre-tender meeting is being used to rewrite tentative qualification criteria, a move that can quietly redraw who even gets to price this schedule-stressed revamp. The real story is whether the promoter widens the market to secure competition or tightens it to protect integration risk, and how that choice reshapes bid aggression.
 
2) MSW-CBG feasibility tender hard-filters bidders to 100 TPD study credentials while keeping award strictly L1
8The eligibility bar is engineered around prior 100 TPD MSW-CBG feasibility certificates, which narrows the field before price even enters the room.
 
3) This refinery shutdown bolting tender tightens hydrocarbon-experience filters while keeping reverse auction off
8The owner is treating it as a reliability-critical discipline, not a generic mechanical service, and the eligibility language quietly shows it.
 
4) EU reach registration of bioethanol project needed with success-linked payments
8The commercial sting is that registration-linked payments are released only after “successful EU REACH registration”, shifting iteration and acceptance risk into the consultant’s balance sheet.

1) Amendment softens ATF paraffin ratio guarantee and removes VHP steam assumption in integrated hydro processing block
8The licensor tender just rewired its guarantee posture in a way that will change how bidders price risk. A single property flips from “guarantee” to “report”, while a key utility condition is deleted outright, forcing a rethink of battery-limit assumptions. The deeper story is what these edits reveal about enforceability, integration realism, and how EIL is shaping the bidder pool.
 
2) DCU licensor tender hardens BEDP compliance, grants only surgical fixes, and leaves core schedule realism unanswered
8The pre-bid looks less like a negotiation and more like a compliance lock, with most scope-relief asks waved away. The only clear wins for bidders are narrow drafting corrections, while the heavy BEDP burden and bid-evaluation inputs remain largely intact.
 
3) BPCL keeps OSBL/ISBL boundaries rigid even when bidders try to push utilities and firefighting out of licensor scope for cumene unit
8Multiple queries attempt to relocate catalyst receipt facilities, firefighting and utility supply assumptions outside the licensor package. The owner posture largely refuses the reframing and directs bidders back to tender requirements. That pushes interface risk into bid-stage assumptions rather than into owner-provided design basis.
 
4) Phenol licensor tender draws a hard line on BEDP completeness, pushing safety, flare and liability risks back onto bidders
8BPCL and EIL are using the pre-bid cycle to choke off a familiar licensor playbook: “DEC will do it later.” The reply set shows a near-blanket refusal to dilute deliverables across safety, flare, emissions and proprietary replacement obligations. The most consequential tension sits in the fine print—capacity flexibility and catalyst liability—where the owner’s posture can quietly. reshape the bidder pool and pricing

8Three licensors have reportedly shown up, but this is not a “technology beauty contest” so much as a documentation and guarantee trial. The tender architecture forces bidders into a common liability cage while reserving owner’s right to independently validate reference units and reject on discrepancies. The real story sits in how design cases, NPVevaluation, and no-deviation zones will reshape what bidders are willing to sign up to.

1) BPCL’s BPREP LCWS pump tender turns into a system-integration test as three bidders clear technical opening
8A late technical amendment rewrites the coating philosophy and hardens the desuperheating responsibility split, changing what “compliance” actually means in evaluation. With only three bidders in play, one narrow technical interpretation could decide whether this tender stays competitive or becomes a single-vendor negotiation.
 
2) Seven major pump oems enter BPCL’s BPREP API 610 spp pump race as technical bids open under EIL
8The tender has moved into technical evaluation with seven heavyweight oems admitted, but the real elimination risk is hiding in provenance and verification, not nameplates.

8This single-packet packaging collides with petrochem EPCM realities.

8The award ladder is split between near-commodity pricing at the top and heavy risk loading in the tail.

1) BPCL’s package 5 SRU–TGTU2 turnaround award lands with a 72.2% L2 premium
8A four-bidder disqualification wave left BPCL with just three qualified contenders for a high-risk turnaround scope. The price stack hints at sharply different risk models for inspection-driven work. The quiet clause signals in the documents explain why this gap may not be a one-off.
 
2) Two-way L1 tie at the floor price reshapes award odds for sulphur palletizer O&M — IOCL panipat refinery P-25 SRU block
8Two bidders reportedly hit the exact same L1 number, pushing award probability into GeM’s tie-break mechanics rather than classic undercutting.

8PA66 is lower by Rs 10/kg over the past fortnight, with the latest week showing a pause rather than a rebound

8PA6 is steady on a month view, with prices showing little change through December

8POM is steady compared with three months ago, but the level is still softer than mid-year. 

8MIBK is higher over the past month, reversing part of the earlier decline. 

8Phenol was steady on a weekly basis, showing little change from the prior week

8MEK is down Rs 2/kg over the past three months, but the last week was flat. 

8Cyclohexanone is down Rs 6.25/kg over the past month, with the latest week extending the slide

8Cyclohexane is lower than last year by Rs 19.5/kg, and the latest month has stayed soft

8Trichloroethylene rose Rs 1/kg this week, but it is still down on a one-month comparison

8Perchloroethylene is up Rs 8/kg over the past six months, and this week added a sharper step.