Bulletin Updates

BPCL holds firm on risk-heavy terms in Mumbai refinery EPCM bid – 10 Sep 2025

Sep 10, 2025

BPCL has pushed its HCU revamp EPCM bid deadline out, but not the legal fence lines bidders tried to move. Most asks on EMD, BG formats, and suspension/termination were turned down flat, hinting at a liquidity-testing contract. A small tweak on TA-2 milestone structuring is the only visible give, and it’s designed to keep the long tail funded, not to soften risk.

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