GAIL’s tie-in tender for connecting ONGC Jharia to JHBDPL closed with a stark spread between… – Downstream contracting briefs: Awards, 23 Sep 2025

1) Fabtech sweeps BPCL Bina mounded bullet package with aggressive pricing under 11% spreads

BPCL’s Bina expansion mounded bullet tender saw Fabtech Projects outbid four rivals across all BoQs. The client softened security deposit rules but tightened GST and ITC compliance. How these shifts affect contractor margins and future package awards remains to be seen.

2) String & Weld secures GAIL’s ONGC Jharia–JHBDPL tie-in contract with a 32.6% price gap over L2

GAIL’s tie-in tender for connecting ONGC Jharia to JHBDPL closed with a stark spread between L1 and L2. String & Weld emerged lowest at Rs 14.33 crore, far below Enerinfra’s Rs 19.00 crore. The aggressive undercutting raises questions on cost realism and execution risks.