Bulletin Updates

IOCL cancels Paradip PO–polyol consultancy tender – 23 Sep 2025

Sep 23, 2025

Indian Oil’s attempt to source feasibility consultants for its Paradip propylene oxide–polyol project ran aground despite revised timelines. Mandatory reverse auction and sweeping option clauses deterred credible participation. Cancellation leaves IOCL reassessing how to balance GeM norms with petrochemical realities.

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