News & Bulletin Updates

Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world's biggest fuel consumer, fell.

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The thorny Cambay PSC has finally had a settlement, it seems
8Though the whole process was a frightful waste of time

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Is the government being discriminatory in the treatment of new fertilizer plants?
8Apparently yes

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8India has been doing some good work on the hydrogen front
8Find out more on what is actually getting done here, and what does the future hold for hydrogen in India

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8NFL gets a fresh rating

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8ICL has done a big potash deal in India

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There was quite a bit of cynicism when Megha Engineering and Infrastructures (MEIL) bagged a Rs 6000 crore deal to manufacture and supply 47 drilling rigs -- 20 are work-over rigs and 27 drilling rigs -- from ONGC in 2019.
8Of this lot -- one 1500 HP drilling rig -- has been delivered and installed at Kalol. Operations have begun.
8That is quite a feather in the cap for the company but it remains to seem how quickly the rest of the rigs are deployed as per timelines committed by the company to ONGC.
8This experience will not count while MEGA bids for downstream projects but due to a change of bidding norms and on the basis of its experience in the Assam Renewal Project of ONGC, it is expected to emerge as a very formidable competitor in this segment.
8Hyderabad-based companies are always taken with a pinch of salt in the industry but this one seems to have broken out of the mold.

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NP (20:20:0:13) Fertilizer Expansion Project
8Cost - Rs 220 crore
Ammonia Storage Tank Greenfield Project
8Cost - Rs 100 crore

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8Catch here today's Mumbai chemical prices

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8A round up of bulk chemical prices as of today

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On April 7, 2021 HDPE and LLDPE prices in the Delhi polymer markets remained unchanged from the previous close.

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On April 7, 2021 buying trends for HDPE and LLDPE in the Mumbai chemical remained unchanged.

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Price changes, on April 7, 2021, in the Ahmedabad polymer market have been reported by our analysts.

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On April 7, 2021, buying activities were reported by our Petrochem analysts in the polymer markets of Kanpur.

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On April 7, 2021 Petrochem analysts reported price changes in HDPE and LLDPE in the Jaipur polymer market.

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A producer from Vietnam offers PET in India.

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Acetone prices have been revised by SI Group.

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A revision in toluene prices has been announced at Hazira.

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MEG prices went down in the Delhi market today.

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On April 07, 2021, the demand for PBT was moderate and prices remained steady for the last week in the Indian market.

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On April 07, 2021, demand for PET was high in major domestic markets.

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On April 7, 2021, ABS (HI121H) prices were assessed lower in the imported market of Mumbai.

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The Delhi chemical market saw a rise in sulphur prices today.

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Ahmedabad Petrochem sources reported a rise in aniline prices.

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DEG prices have drifted down today in the imported market of Delhi.

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