Two bidders reportedly hit the exact same L1 number, pushing award probability into GeM’s… – Downstream contracting briefs: Awards, 31 Dec 2025

1) BPCL’s package 5 SRU–TGTU2 turnaround award lands with a 72.2% L2 premium

A four-bidder disqualification wave left BPCL with just three qualified contenders for a high-risk turnaround scope. The price stack hints at sharply different risk models for inspection-driven work. The quiet clause signals in the documents explain why this gap may not be a one-off.

2) Two-way L1 tie at the floor price reshapes award odds for sulphur palletizer O&M — IOCL panipat refinery P-25 SRU block

Two bidders reportedly hit the exact same L1 number, pushing award probability into GeM’s tie-break mechanics rather than classic undercutting.