Bulletin Updates
BPCL Cracker Furnace Race: Foreign company beats established Indian rival – 10 Jun 2025
Jun 10, 2025
In a rare blow to local EPC majors, a foreign company bids a steep 12% lower than an established Indian rival.
Industry insiders flag the pricing gap as one of the largest in recent fired heater tenders, setting a precedent for sharper bids.
Despite domestic expertise, the award highlights shifting trust toward overseas suppliers in critical fired heater execution.
The outcome could influence client confidence and recalibrate how Indian EPC firms approach high-capex, high-risk downstream projects.
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