This raises questions around qualification compliance and evolving standards for PSUs in… – Downstream contracting briefs: Part III, 1 Jul 2025

SBI Cap fails to make the cut in HPCL's Visakh–Bhogapuram ATF pipeline appraisal bid

Despite a familiar financial advisory lineup, SBI Capital Markets has been disqualified from HPCL’s strategic financial appraisal tender for the Visakh–Bhogapuram ATF pipeline.

This raises questions around qualification compliance and evolving standards for PSUs in advisory mandates.

Tight eligibility and zero EMD tender sees only two qualify in IOCL’s HAZOP bid

Despite being a no-EMD GeM bid, IOCL’s HAZOP tender filtered out one of three bidders on qualification grounds.

With fixed past experience cutoffs and no startup or MSME relief, the tender's rigid framework limited participation.

Isgec bags Bina vessel order amid high rejection rate and tight price compression

Isgec Heavy Engineering won the contract, outbidding three competitors, all of whom were disqualified.

With all others rejected, the price spread remains opaque, signaling potential qualification bottlenecks or strategic rate setting.