8There are voices now being raised for brand new steel policy
8Find out why

8Will the trend catch on?

Two of the world's super-giants, Shell and ExxonMobil have joined hands in China for a path-breaking project
8Why can't we organize similar deals in India?

A huge volume of crude from Russia is finding its way into India and China
8But there will be a tipping point when everything is going to go quite crazy

Here is a Rs 615 km pipeline
8And it had to be shelved because of poor economics and opposition to ROU  acquisition
So why is it being revived again?

8This private sector company seems to be the only one picking up new E&P blocks

Rivals are never far away in the trading busienss it seems.
8A rival to IEX, the electricity trading sister site of IGX, is coming up in the power sector
8And it is a formidable one, and a lot of homework went into setting it up. It has got all the regulatory clearances, and adequate due diligence has been done on its robustness
8There were quite a few rivals for the IGX too, but none on the horizon now
Why is that?

Project Name: Greenfield Marketing Terminal at Devangonthi
8Project Cost: Rs 304 crore
8Check who has got which contract

Granular Single Super Phosphate Greenfield Project
8Cost: 148 Cr.
8Project Event: The project has elicited the environmental clearance, RFQ for the LSTK contractor for SSP plant is likely to be released at the end of July 2022.
Nano Urea Greenfield Project
8Cost: 190 Cr.
8Project Event: The company is still waiting for the environmental clearance, RFQ for the equipment and services is likely to be released in August 2022

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The Ennore-Tuticorin gsa pipeline has witnessed a soaring of costs.
8Also completion deadline has been put off time and again
8Figure out what is going on with this pipeline now

The latest global oil & gas data, country-wide is out
8And it makes for interesting reading

8Project Name: Dehradun District City Gas Distribution
8Project Cost: Rs 250 crore
Get in touch with us should you need more information

Petrochem sources, on June 29, 2022, confirmed a fall in unsaturated polyester resin prices in the Ahmedabad market.

8Project Name: Seraikela-Kharsawan District City Gas Distribution
8Project Cost: Rs 300 crore
Get in touch with us for more on gas projects

8India is exploring options to sign term crude deals with smaller suppliers as well as Russia, a sign that triple-digit oil prices and a ballooning import bill are prompting New Delhi to look beyond traditional exporting regions, such as the Middle East, for term crude sourcing.

A rise in glyphosate prices was reported in Delhi today.

8In a bid to weaken Russia’s ability to fund the Ukraine war, the Group of Seven (G7) leaders on Tuesday agreed to develop a price cap mechanism for Russian oil.

8Shares of oil refiners logged strong gains, rallying around 8 per cent, in an otherwise weak market on the back of a rebound in crude oil prices.

8After over three years of having initiated the sale of its entire 53.29 per cent shareholding in Bharat Petroleum Corporation Limited (BPCL)—a Central public sector undertaking (PSU) in the sector of refining and marketing of petroleum products—the Government has decided to put it on hold.

8Here is a rival power trading platform coming up
8And it has all the right ingredients to work

8NGSL is a joint venture (JV) of two leading power sector players, namely NTPC and GE, with both the JV partners holding a 50% stake each in the company. It provides rehabilitation, R&M services and related operations and maintenance services to thermal power plants, primarily in India.
8The company will be further expanding into FGD, waste-to-energy plant projects and EPC for solar power plants

8Here is an update on the capex plans for pumped storage power project

8The board has decided to stop production at the plant permanently
8Find out why?

8Capex plans have gone up sharply as far as the government is concerned
8And this augurs well for EPC companies