Bulletin Updates
Repeated extensions in IOCL’s Panipat 220 kV switchyard tender hint at bidder hesitancy amid high PQ bar – 30 Jun 2025
Jun 30, 2025
IOCL’s critical 220 kV augmentation job at Panipat Refinery—essential for powering its ambitious P-25 expansion—has now seen four bid extensions, the latest pushing submission to 4 July.
Despite a 12-month execution window, stringent technical criteria and no provision for JV participation may be dissuading potential contenders.
Also, restrictive eligibility norms could be limiting participation from large business groups with vertical integration.
Original LOA-to-handover plan could get compromised if contract award slips beyond Q3 FY25.
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