8Get exclusive access to today's complete price matrix from the Mumbai chemical market
8Stay ahead with the latest rates and trends across key commodities and chemicals

8Ten extensions later, India’s showcase tender is still hunting for its first taker. A leaner trading margin and “big-boys-only” entry barrier are meant to lure cash-rich majors—but the tariff freeze could keep even them on the fence.
 8Net-worth bars and bulk guarantees now screen out smaller innovators. The government is betting that scale, not diversity, will save a stalled procurement.
 8Splitting capacity across India looks clever on paper; in practice it piles on port, pipeline, and transport headaches that only a nationwide footprint can absorb.
 8Fresh clauses trigger security forfeiture, daily damages, and fast-track termination for slippage. The stick just got heavier—but has the carrot kept pace?
 8Audit-grade traceability of green electrons forces bidders to secure firm RE blocks upfront. Third-party, merchant-market strategies suddenly look shaky.
 8With sales confined to Indian buyers, producers lose the upside of arbitrage into tight global markets, dulling the tender’s investment shine.
 8Faster receivables ease working-capital strain, yet the margin cut to Rs 1.50/kg offsets the benefit for balance-sheet watchers.
 8Thankfully, one promoter, one bid means that the anti-gaming clause kills the old playbook of parking multiple licences under ally firms.
 8Interestingly, RE plants must prove readiness 30 days before ammonia goes live, squeezing schedule slack and heightening EPC-execution risk.
 8After a parade of empty bid tables, the scheme’s credibility hangs on this “salvage” tweak set. Success could jump-start India’s green-nitrogen roadmap; failure exposes a design flaw at the heart of its hydrogen mission.
 8The clock ticks to 30 June. The point is will anyone show up?

8Project Name: Agra District City Gas Distribution
8Project Cost: Rs 250 crore Click here for more details

8Project Name: Palakkad & ThrissurDistrict City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

8Here's what's happening today in the E&P, midstream-downstream, and CGD section

HPCL lays down layered PMC scope for CBG rollout across three states; frontloads execution risk on consultant
8The bid structure pushes consultants into a dual-role mode across DFR and PMC stages, with financial modeling, vendor shortlisting, and LEPCC tendering all bundled—tight timelines, high risk, and no scope separation for scale escalation.

8With no fixed specs or procurement guarantee, IOCL’s open-ended EOI for a multipurpose coker pilot aims to crowdsource both ideas and vendors.
8And only Indian companies can participate
8But the absence of a structured post-EOI roadmap raises questions on visibility and vendor payoff.

8Refiner’s latest tender covers 20 tanks, spanning over 1800 MT of steelwork, with complex scope involving heat tracing, mixers, and precision calibration.
8No price variation clause found—raising red flags for long-duration bidders.
8With heat tracing, calibration, and mixer installations bundled together, this is no ordinary tank job—compliance load is heavy upfront.
8Bidders face material cost volatility risk as EIL remains silent on escalation protection in this long-duration tankage scope.
8Flameproof panel supply comes with a triple certification burden—critical for timeline-sensitive delivery milestones.
8Residual engineering is part of contractor’s scope, demanding in-house tank design expertise—not just assembly capabilities.

Oil India floats rare HF tender for Andaman offshore under call-out model
8OIL has issued a first-of-its-kind modular stimulation tender for hydraulic fracturing, acid treatment, and coil tubing operations in the Andaman basin.
8The 9-month call-out format marks a strategic departure from long-duration bundled contracts seen in more mature blocks.
8Mobilisation is split across design, fleet movement, and CTU/FPU activation with staggered 10/30/60/80-day windows from LOA and Mobilisation Notice.
8Any delay in one phase risks cascading penalties, heightening planning precision for contractors.
8Instead of job-wise billing, the scope uses a lumpsum contract value tied to performance across 3 wells.
8This shifts cost risk to the contractor, making estimation accuracy and resource bundling a key competitive edge.
IDMA Labs edges out global majors in ONGC’s lab monitoring bid
8A low-profile MSME firm has clinched a 3-year environment monitoring contract at ONGC’s Odalarevu terminal with a bid 28% below estimate—beating Bureau Veritas and ABC Techno Labs in a striking price upset.
Techno Fab secures ONGC’s Kakinada bulk plant contract with sub-Rs 90 lakh bid
8Techno Fab clinched the 3-year O&M contract for ONGC’s bulk handling facility at Rs 88.27 lakh, edging out logistics players with a sharply priced bid.
8The award reflects ONGC’s growing preference for cost-efficient, technically pre-qualified vendors under closed-bid formats.
8With L1 and L3 separated by over Rs 17 lakh, the award highlights the widening gap between cost-optimized MSMEs and traditional logistics vendors in ONGC’s upstream operations segment.
Top-tier OEMs and lean MSMEs face off in ONGC’s Mehsana instrumentation bid
8From global automation major Endress+Hauser to regional outfits like Dutt Engicon, ONGC’s Mehsana tender attracted a wide bidder base.
8Five cleared the technical cut, reflecting a balance between OEM-backed scale and MSME agility.
8Despite robust participation, four firms failed to meet ONGC’s tight qualification bar—highlighting stringent scrutiny even for low-to-medium complexity service contracts.
Jindal Drilling emerges sole qualified bidder in OIL’s Rajasthan mud logging bid
8Out of two participants, only Jindal Drilling met the technical criteria for the three-year dual-unit logging contract.
8The disqualification of OFI India points to OIL’s strict compliance filter under the updated GEM tendering framework.
8Oil Field Instrumentation India Pvt Ltd’s failure to qualify in a two-bidder race highlights the tender’s tight eligibility filters and possible documentation pitfalls.
High-spec rig tender scrapped after rigid terms draw limited traction
8ONGC has cancelled its 3-year HPHT jack-up rig tender despite early interest, with bidders deterred by inflexible specs like 7500 HP minimum power and NEBOSH-only safety certs—raising questions on feasibility in today’s cost environment.

Sloppy work by ONGC: Pre-bid leads to full overhaul of technical and financial annexures in Tapti bid
8Amendment 4 replaces all core documents—ITB, GCC, Scope of Work, BEC, and pricing formats—implying deep rework post pre-bid.
8Such a complete reset is rare and indicates high bidder influence and low backroom work by ONGC. Halliburton, Schlumberger, Baker Hughes, and Weatherford have all joined the pre-bid for a high-spec 44-well campaign—signalling one of ONGC’s most globally contested offshore service packages this year.
ONGC extends Cambay mobile rig bid to June-end amid bidder recalibration
8The bid deadline for ONGC’s 3-year rig hire has been extended to 30 June 2025 via Corrigendum-3, giving contractors added time to restructure price strategies and align OEM schedules. ONGC’s amendment allows a three-week deadline extension but holds firm on minimum 750 HP spec, 2000m depth, and crewed rig mandates—ensuring no dilution in technical compliance.
ONGC inserts PMIS intern preference clause in CBHP O&M tender
8A late-stage GCC insertion mandates preference for ONGC-trained PMIS interns during hiring—potentially influencing bidder staffing strategy, cost control, and scoring during evaluation.
Extension opens breather for PS-9 bidders amid DGMS compliance rush
8With certified Competent Persons in short supply and calibrated test kits mandatory, the extension is expected to ease pressure on bidders grappling with factory act approvals and tight mobilisation schedules.
NELP offshore policy allocates Rs. 4.3 crore for 62 legacy well interventions across key basins
8Under its 2024–25 policy, the operator has budgeted over Rs. 4.3 crore for production restoration and monitoring across shut-in, plugged, and temporarily abandoned wells in Kakinada and Mumbai offshore blocks.
8With over 85% of this spend earmarked for a single asset, the move hints at prioritization of legacy production zones over frontier acreage.

The project involves wet and dry crude processing at Naoholia, with pipeline links to existing facilities at Madhuban and Duliajan.
8The EAC is set to assess environmental safeguards for this nodal oil logistics hub.
8With its tank farm project in Dibrugarh now officially on the EAC’s agenda, Oil India moves closer to unlocking higher handling capacity for its crude oil flows across Assam's producing blocks.

NRL scraps pre-bid meet, quietly resets query deadline in global hydrogen tender
8In a silent but telling shift, NRL has withdrawn the pre-bid conference for its flagship green hydrogen BOO tender. Meanwhile, the cut-off for bidder queries was extended, signalling possible internal recalibrations or bidder hesitation.
8Despite the 25-year term, the tender doesn't define escalation indices for the quoted LCOH—raising financing and hedging concerns.
8GHPA and ITB are silent on pipeline ownership norms—contractors remain unsure whether the interconnection pipeline must be operator-financed.
HPCL extends DFR bid for Net-Zero push at Bengaluru R&D hub: scope signals hybrid, bifacial, and wind-based options
8The custom bid for a Detailed Feasibility Report on renewable energy deployment at HPCL’s Green R&D Centre has been extended till July 3. Unusual emphasis on hybrid solutions, bifacial panels, and storage systems hints at a high-spec demand-side RE blueprint, not just a boilerplate solar proposal.
HPCL stands firm despite bidder pushback on CCPL ROU scope, eligibility and cashflow risk
8Multiple bidders sought critical changes in scope clarity, qualification thresholds, manpower provisioning, and payment structures—but HPCL has largely stuck to its original framework, subtly shifting operational risk and capital strain to contractors.
Deadline Pushed, But IOCL Stands Firm on Delay Penalties in Critical Advisory Tender
8Despite extending the bid deadline, IOCL refused to relax any legal, billing, or disclosure clauses in its 2-month consultant advisory tender, signaling a hardline stance on risk allocation even for fast-paced strategy work.

8This time around Used Cooking Oil is the feedstock It is using its refinery configuration in a unique manner in doing so
8Sourcing first and processing later is the principle

GAIL pushes Srikakulam–Angul pipeline completion to December amid forest clearance delays
8GAIL has revised the completion timeline for its 744 km Srikakulam–Angul pipeline project from June to December 2025. While the 422 km mainline is mechanically complete and under commissioning, progress on the 322 km spur line has slowed due to pending forest permissions.
GAIL clears Rs 844 crore pipeline expansion to boost DUPL–DPPL network capacity
8GAIL’s board has approved a Rs 844 crore plan to expand its DUPL–DPPL gas pipeline network by 2.5 MMSCMD over the next three years. With average flow already nearing capacity, the move is aimed at supporting the company’s next phase of business growth under PNGRB’s March 2025 authorization.
GAIL pipeline project delayed again; cost rises by Rs 411 crore amid clearance hurdles
8GAIL has pushed back the completion of its 1,702 km Mumbai–Nagpur–Jharsuguda pipeline to September 2025, citing forest, highway, and land acquisition delays. The revised project cost has gone up by Rs 411 crore—marking a 5.24% escalation—as Board approval clears the way for staggered commissioning.

Bagging plant tender sees limited global action as EIL sticks to no-deviation mandate
8Only two global OEMs have submitted bids for BPCL’s Kochi bagging & palletising tender despite broad technical scope.
8EIL’s strict zero-deviation policy and layered verification protocols may have discouraged wider participation
PNGRB shrinks pipeline capacity, stretches deadline: One bidder stands along in the race
8Despite five deadline extensions, only one company turned up to bid for the 425-km Kochi–Kanyakumari–Thoothukudi pipeline.
8With capacity scaled back to 5 MMSCMD and route end-users thin, PNGRB’s suo-motu push may face commercial headwinds.
8Despite red flags near zero customers beyond Kattakkada, PNGRB stuck to the full route up to Tuticorin—signaling a push toward infrastructure-led demand creation over market-first logic.
8Only after a pre-bid intervention did PNGRB confirm the originating point as PLL's LNG Terminal at Kochi—underlining a lack of upfront clarity.
EIL filters trenchless specialists with bundled HDD scope for NRL Paradip line
8Ten bidders have entered a tightly-structured trenchless race for the IOCL green belt crossing under NRL’s Paradip expansion.
8With strict part-wise bundling, high EMDs, and a no-reverse-auction approach, only end-to-end HDD players are likely to survive the cut.
Mantec bags Vadinar–Bina EIA contract with 27% price edge over L2
8Mantec Consultants secured the EIA and RRA consultancy job for the BPCL pipeline expansion project. Wide pricing disparity raises questions on bid strategy and future margins.
8Despite technical qualification, ABC’s quote left them uncompetitive—nearly 3x the L1 price, underscoring market dissonance.

IOCL’s MPPL pump tender sets tight lineage bar, skips net worth and EMD
8A stringent tender from IOCL for motor-driven BPUs mandates same-plant, same-model pump lineage and drops net worth screening altogether — a selective yet MSME-friendly move with no room for generalist OEMs
Dual bank guarantees and zero-deviation clause tighten vendor compliance on BPCL APPS tender
8Vendors face an unusual double-security obligation under BPCL's Mahul-Rasayani APPS system tender, with stringent no-deviation norms, a hard site readiness clause, and no provision for advance payment—reshaping contractor risk profiles.
BPREP EPCC tender stretched to July as NDA complexity, licensor dependency slow bidder response
8Four extensions in submission timeline signal deeper hurdles in BPCL’s polypropylene and Butene-1 package.
8Confidentiality bottlenecks and slow bidder alignment with Axens protocols could delay the core BPREP execution window.
8No visible changes in commercial or technical clauses, yet four delays hint at bidder-side discomfort or backend readiness issues on BPCL’s side.
Cooling tower bid sees six deadline extensions, key terms shift in contractor’s favor
8After six extensions, BPCL's BPREP cooling tower package tender sees substantial clause shifts that tilt risk, cost burden, and performance accountability towards vendors—raising flags among experienced bidders.
Corrigendum pile-up clouds OIL’s dual tank farm tender clarity
8Multiple scope clarifications and document re-submissions signal growing complexity in OIL’s bid to hire an EPMC for its dual tank farm project in Assam.
8Contractors now face tighter pre-qualification despite prior shortlisting, with pre-bid replies addressing—but not fully resolving—key technical uncertainties.
IOCL Holds Firm on Rigid Terms in Auto-LNG Feasibility Bid, Despite Multiple Bidder Pushbacks
8With 50 LNG clusters and top-tier advisors, IOCL is blueprinting a nationwide fleet transition strategy.
8But despite receiving multiple vendor queries on payment cycles, experience recognition, and cost-sharing, IOCL has stuck to a strict structure for its Auto-LNG penetration study, signaling a top-down, no-concessions push toward clean fleet transition.

8IndianOil’s new EOI on biomass pyrolysis seeks high-purity feedstock processors for refinery-bound trials—but with full cost, risk, and technical alignment loaded onto vendors, without any assured commercial outcome.
8No purchase guarantee, no safety responsibility, and no fallback commercial support—vendors face a steep climb for access to bio-oil trials at five refineries.

8Receipt of letter of award from oil india limited for hiring of high pressure mobile boiler services [AESL]
8Gazette notification for rou acquisition from MWD24 to MWD21 under PMP Act in Gujarat [Gazette]
8Hooghly CSL secures notable order for construction of two luxury river cruise vessels [CSL]
8Intimation regarding specimen letter sent to physical shareholders for furnishing KYC [Alphageo]
8Change in board of directors of the company [EIL]
8Appointment in senior management team [KCL]
8Deployment status of vessel seamec II [Seamec]
8Revision in completion schedule and additional cost for mumbai nagpur jharsuguda pipeline MNJPL project [GAIL]
8Revision in completion schedule for srikakulam angul pipeline project [GAIL]
8Disclosure on capacity augmentation of DUPL DPPL network under regulation 30 of SEBI lodr regulations 2015 [GAIL]

8Financial results for the quarter and year ended march 31, 2025 [Sikko]
 8Transcript of investor conference call [HZ]
 8Investor presentation Q4 FY 2024-25 [GSFCL]
 8Intimation of proposed dissolution of downstream subsidiary ISGN corporation USA [CFCL]
 8Annual secretarial compliance report for the financial year ended 31st march, 2025 [SPCFL]
 8Intimation of virtual meeting with analysts/institutional investors on june 26, 2025 [DFPCL]

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8Get exclusive access to today's complete price matrix from the Mumbai chemical market
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8Analysis on DPNG & CNG Prices (As on April 2025) [PNGRB]
 8Intimation on Tax Deduction on Dividend [Aegis]
 8Investor Presentation – Q4 FY2025 [Aegis]
 8Appointment of Part-time Official (Nominee) Director [CSL]
 8Nomination of Shri Kapil Verma as Government Nominee Director on the Board of Engineers India Limited [EIL]
 8Intimation of Divestment in Veracity Supply Chain Limited, A Joint Venture Company [Adani Port]
 8Corrigendum II to the Notice of the Extraordinary General Meeting [MIL]
 8Board Approval for Corporate Guarantee of USD 412 Million for Overseas Fundraising by OOIL [ONGC]
 8Appointment of Shri Asheesh Joshi as Additional Director on the Board W.E.F. June 20, 2025 [BPCL]
 8Change in Directorate of the Company [IOCL]

8Category-2 rig talks drag on as ONGC eyes unrealistic rate cuts
The risk of no LoA looms.

8Project Name: Faizabad and Sultanpur District City Gas Distribution
8Project Cost: Rs 200 crore Click here for more details

8Project Name: Lakhisarai, Munger and Bhagalpur District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details