Bulletin Updates
GAIL Gas has picked Deloitte as L1 for a 90-day listing feasibility and roadmap. The scope… – Downstream contracting briefs: Awards (Part I), 23 Oct 2025
Oct 23, 2025
1) iFluids Engineering wins BPCL Bina HAZOP study with a 15 % edge under tight onsite-only terms
BPCL Bina has finalized its HAZOP services tender for CPP, DCU and KHDS units after a steeply graded price race. The winning bid from iFluids Engineering undershot multinational quotes by up to tenfold, highlighting severe market polarization. BPCL’s onsite-only and multi-LD clauses may set a new benchmark for refinery safety audits.
2) Arvind Envisol takes PLL Dahej water block with a 47% price gap to L2
A five-way contest ends with an aggressive L1 nearly half below L2. Technical amendments tightened effluent/oil specs and re-cast sludge handling while price-sheet mechanics were rewritten mid-process. The commercial guardrails now test whether the low quote can hold through commissioning.
3) Alpha wins composite E&I-civil connectivity package as IGGL tightens NEGG timelines
IGGL’s connectivity package lands with a clear L1 and a compressed 4.5-month clock. A late-cycle corrigendum nudged dates without touching scope or evaluation. The pricing ladder hints at disciplined bids rather than a race to the bottom.
4) Godrej & Boyce takes PLL Dahej 220 kV GIS–MRSS package amid tightened IP and SAS duties
The winning bid lands against a firm owner-ownership and exclusive licensing regime. SAS, FO and metering-room clarifications push more integration and commissioning risk onto the EPC. The single-bid outcome hints at a high-bar interface job with pricing power.
5) Deloitte takes QCBS award for GAIL Gas listing study
GAIL Gas has picked Deloitte as L1 for a 90-day listing feasibility and roadmap. The scope compels timing advice, governance changes, and an Excel valuation model beyond boilerplate. With a 20.4% gap to L2, the price signal points to paid-for depth over checklist consulting.
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