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8Across both LSTK-3 and LSTK-4 packages of BCGCL’s coal-to-chemicals project, PDIL has issued over a dozen bid extensions and marginally softened cashflow terms—but refuses to budge on PAC-linked risk, monthly payout caps, or supply-side flexibility, leaving core contractor concerns unresolved.

8In that sense it is really an unusual player

8Buyers force marginal price retreat

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

8Requirement of toluene for TDI-I (Bharuch) and TDI-II (Dahej) plants [GNFC]
8Requirement of DEA/SDS for ethyl acetate plant [GNFC]
8Current news on the latest developments in fertiliser, energy, weather, agriculture [FAI]
8Program for the publication of Yara International ASA second quarter results 2025 [YARA]
8Disclosure of credit rating reaffirmation by ICRA Limited [SPCFL]
8Change in senior management [RCFL]
8Appointment of Mr. Narinder Goyal as business head manufacturing operations effective July 1, 2025 [CFCL]

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

8Essar Ports at Multimodal Confluence 2025: Championing smarter, integrated logistics for India’s future [Essar]
8McDermott and Universiti Malaysia Sabah partner to advance talent development and regional capacity building [McDermott]
8India’s decade of transformation: Minister Hardeep S Puri showcases economic growth and energy sector reforms at ICAI Foundation Day [PIB]
8Go live of new version of trader workstation [IGX]
8Trading calendar for July 2025 [IGX]
8AMNS proposal for authorization of dedicated pipeline under PNGRB Regulation 19(2) [PNGRB]
8Cessation of Shri B. Sudarshan as executive director (refinery) due to superannuation [MRPL]
8Change in designation of director [Praj]
8Intimation of credit rating by ICRA Limited [Afcons]
8Cessation of director (exploration) and assignment of additional charge [ONGC]
8Change in senior management [ONGC]
8Change in directorate of the company [ATGL]
8Changes in senior management [HPCL]
8Voting results of postal ballot for appointment of independent directors [HOEC]
8Change in directorate of the company [IOCL]

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

8Project Name: Surat-Bharuch-Ankleshwar District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

ONGC skips mobilisation buffer in valve repair tender, pushes 20-day start mandate
8In a departure from past practice, ONGC's Rajahmundry tender for valve servicing demands service commencement within 20 days of NOA—without a classical mobilisation period.
8This shift compresses contractor prep time and may heighten execution risk, especially for smaller vendors managing dispersed surface assets.
ONGC enforces tight digital compliance in low-value civil restoration job
8A tender for restoring two Bikaner drill sites comes with zero offline tolerance, a mandatory Integrity Pact, and strict price bid rules—signaling rising digital scrutiny even in low-capex tenders.
Milestone-gated payout and redrill-at-half-rate clause tighten risk exposure in ONGC’s air hammer tender
8ONGC’s Cuddapah drilling tender imposes an unusually strict payment structure—no cash flows unless casing and wellhead test for phase-1 are complete.
8Contractors also risk cost recovery hits if fishing fails, with a redrill clause at 50% rate. Vertical deviation control and TPI-based rig readiness further raise execution stakes.
ONGC–Vedanta JV shifts risk with no-minimum gas clause, enforces modular, penalty-backed compression model at Nagayalanka
8The Nagayalanka JV’s EOI for gas compression services imposes tight delivery norms with no standby compensation and daily penalties for underperformance.
8Contractors must install a 3-compressor modular setup on self-provided utilities—raising both upfront cost and risk exposure.

HPRGE’s twin CBG consultancy bids split by geography, not strategy—highly standardized scope, but evaluation criteria sharpened post-release
8Hindustan Petroleum’s green energy arm, HPRGE, has floated near-identical DFR & PMC tenders for six CBG sites across Punjab, split across two GeM bids.
8While project locations differ—Fatehgarh Sahib–Hoshiarpur vs. Malerkotla–Sangrur—the tenders mirror each other in scope, timelines, and QCBS structure.
8A key post-publication revision has reweighted technical evaluation, placing sharper emphasis on bidder credentials and biogas-specific execution track records.

TA-4 overrides EDB as lighting mast spec shifts to 500W; classification risk rests on bidders
8EIL’s pre-bid replies on BPCL’s Bina steam package clarify that the upgraded 500W floodlight spec from TA-4 stands—but steer clear of committing on FLP/WP segregation, leaving bidders to interpret hazardous zone layouts.
8With multiple bidders pressing on classification logic, the ambiguity signals a high-risk handoff on safety-critical scope.
NRL’s plastic processing EOI hits second deadline reset amid tepid industry traction
8In a sign of sluggish investor response, Numaligarh Refinery has extended the EOI deadline twice for its ambitious plastic downstream initiative in NE India. Questions around feedstock pricing, land support, and risk-sharing remain unanswered.
Repeated extensions raise red flags in EIL’s global EOI for NRL methylamine unit
8With four consecutive bid deadline extensions and no visible clarification trail, industry insiders question EIL's global licensor engagement strategy for NRL’s methylamine push.
BPCL Kochi’s polypropylene pump tender gets 3rd extension as spec mismatches and digital delivery norms strain bidder readiness
8Despite being a single-equipment LLI tender, the centrifugal pump package for BPCL’s Kochi PP unit has seen multiple bid extensions, contradictory datasheet values, and stiff Smart Engineering mandates—leaving bidders balancing compliance risks with timeline pressure.
NRL shifts piping scope to de-risk BOO carbon monoxide project, relaxes purity spec to woo bidders
8In a strategic shift, NRL has offloaded feed and product piping responsibilities onto itself and relaxed CO purity requirements, lowering the entry barrier for bidders in its 20-year carbon monoxide plant EOI. But key commercial terms — like utility pricing and dispute redressal — remain unclarified.
Paradip ETP pipeline tender: Repeated extensions flag bidder hesitation amid complex marine execution scope
8Despite EIL's clear timelines, the ETP discharge pipeline bid deadline has now been extended twice—till July 3—raising questions about bidder readiness, scope complexities, and risk appetite. The offshore–onshore interface, strict coating standards, and zero-leeway HSE norms are likely bottlenecks.

Submission extended in high-spec mobile rig charter tender
8Bid deadline reportedly moved to 15 July 2025, giving vendors more time to align with demanding spec conditions under OMR and OISD norms.
8The extension comes amid pre-bid deferral and complex BOP compliance requirements.
OIL relaxes seismic specs, extends bid deadline amid expanding offshore scope
8In a bid to widen vendor eligibility and enable area-flexible mobilization, OIL has revised key seismic tender clauses—from reduced gun volume to additional data formats.
8While this cuts capex burdens for bidders, the addition of a risk purchase clause signals strict enforcement. The bid deadline now stands extended to 8 July 2025.
Minor deadline shift in ONGC security tender; QCBS rules stay tight
8ONGC has extended the bid deadline for its Rs. 67 crore security outsourcing tender in Delhi by 3 days, but has retained all original financial, technical, and qualification criteria.
8Vendors hoping for MSME relaxations or experience waivers will find no relief in this round.
ONGC extends bid deadline for Hazira pipeline revamp amid tight retrofit scope
8ONGC has pushed back the bid submission for its energy optimization tender at Hazira by a week.
8While the scope spans intricate compressor header mods and insulation reworks, lack of detailed clarifications and unchanged BOQ may continue to challenge bidders.
8Extension may aid broader participation but doesn’t address deeper execution risks.

8Despite attracting six contractors, the BPREP COT package continues to raise eyebrows over lopsided risk transfer clauses — particularly on FIM integration and payment retention — with BPCL refusing to relax arbitration or PGTR-linked milestones.

TA-4 overrides EDB as lighting mast spec shifts to 500W; classification risk rests on bidders
8EIL’s pre-bid replies on BPCL’s Bina steam package clarify that the upgraded 500W floodlight spec from TA-4 stands—but steer clear of committing on FLP/WP segregation, leaving bidders to interpret hazardous zone layouts.
8With multiple bidders pressing on classification logic, the ambiguity signals a high-risk handoff on safety-critical scope.
NRL’s plastic processing EOI hits second deadline reset amid tepid industry traction
8In a sign of sluggish investor response, Numaligarh Refinery has extended the EOI deadline twice for its ambitious plastic downstream initiative in NE India. Questions around feedstock pricing, land support, and risk-sharing remain unanswered.
Repeated extensions raise red flags in EIL’s global EOI for NRL methylamine unit
8With four consecutive bid deadline extensions and no visible clarification trail, industry insiders question EIL's global licensor engagement strategy for NRL’s methylamine push.
BPCL Kochi’s polypropylene pump tender gets 3rd extension as spec mismatches and digital delivery norms strain bidder readiness
8Despite being a single-equipment LLI tender, the centrifugal pump package for BPCL’s Kochi PP unit has seen multiple bid extensions, contradictory datasheet values, and stiff Smart Engineering mandates—leaving bidders balancing compliance risks with timeline pressure.
NRL shifts piping scope to de-risk BOO carbon monoxide project, relaxes purity spec to woo bidders
8In a strategic shift, NRL has offloaded feed and product piping responsibilities onto itself and relaxed CO purity requirements, lowering the entry barrier for bidders in its 20-year carbon monoxide plant EOI. But key commercial terms — like utility pricing and dispute redressal — remain unclarified.
Paradip ETP pipeline tender: Repeated extensions flag bidder hesitation amid complex marine execution scope
8Despite EIL's clear timelines, the ETP discharge pipeline bid deadline has now been extended twice—till July 3—raising questions about bidder readiness, scope complexities, and risk appetite. The offshore–onshore interface, strict coating standards, and zero-leeway HSE norms are likely bottlenecks.

Bio-ATF pump tender: MRPL–EIL set tight compliance tone, timeline stress flagged pre-bid
8With a compressed execution window and heavy emphasis on financial disclosures ahead of tendering, MRPL’s Bio-ATF rotary lobe pump package signals high barriers and uncertain risk contours for OEMs.
8EIL’s pre-bid agenda hints at tight supervision and minimal slack for bidders.
BPCL’s Bina compressor tender quietly sizes for 1500 kTA—but bids to be benchmarked at 1200 kTA
8Vendors in BPCL’s Bina expansion face a classic compression dilemma: engineer for higher load but bid at guaranteed specs. While driver flexibility (VFD/IGV) is welcome, a 14-month delivery window leaves little room for OEM error.
BCPL foam generator bid sees critical risk left unresolved despite TPI waiver and portability clarifications
8BCPL has waived third-party inspection in its foam generator tender but stopped short of resolving key vendor concerns on application compatibility, portability specs, and legacy integration—raising execution risk despite surface-level reliefs.

8The DWST package tender under BPCL’s Bina Petchem expansion has seen only one bidder despite sky-high entry barriers.
8With a Rs 10 crore EMD, niche tank specs, and consortium bans, concerns rise over structural deterrents to healthy competition.

PLL’s PCHE tender signals exacting standards, but skips clarity on site constraints and vendor feedback incorporation
8In a high-spec, globally open tender for Printed Circuit Heat Exchangers at Dahej, PLL and EIL have released a draft scope with sweeping technical demands and tight delivery timelines—but bidders await clarity on design risk split, freight terms, and fabrication tolerances.
PLL’s Dahej polypropylene upstream EPC sees timeline pushed amid risk-heavy terms and muted pre-bid response
8Despite multiple extensions and a high-profile promoter, EIL’s EPC tender for PLL’s polypropylene upstream section remains bidder-cautious.
8Key risks lie in free-issue equipment liabilities, extended performance guarantees, and one-sided arbitration clauses—none addressed in corrigenda or pre-bid.
EIL clarifies risk demarcation on 64” CW header, but contractors still saddled with major pipeline liabilities
8In its latest reply to pre-bid queries in the cooling tower tender, EIL confirmed free-issue of the 64" CW header but denied contractor relief on 52" suction and 46" discharge lines—leaving a significant portion of pipeline risk and procurement burden squarely on bidders
Petronet LNG’s column tender faces tight specs, high risk thresholds as deadline extends again
8EIL’s column package for PLL’s PDH-PP plant at Dahej extends its bid deadline to July 8 amid mounting bidder scrutiny over rigid qualification filters, high working capital floors, and long-length SS fabricability—all under strict documentation and NDA scrutiny.
Titanium’s lowball win in EIL’s Monel exchanger tender triggers pricing alarm in Dahej PDH-PP EPC loop
8A jaw-dropping 169% spread separates the lowest and second-lowest bidders for a high-spec Monel-clad heat exchanger in Petronet LNG’s PDH-PP project.
8The L-1 bid raises flags on margin stress, sustainability, and future risk loading.

HAZOP contract for five-pipeline study sees 50% disqualification rate amid stringent IOCL vetting
8IOCL’s multi-pipeline HAZOP study tender saw half of the twelve bidders disqualified—despite a modest value of Rs 2.17 lakh.
8The high rejection rate underscores IOCL’s zero-tolerance on qualification benchmarks and hints at deeper bottlenecks in the safety consultancy ecosystem.
Risk–Reward Equation Shifts in BPCL’s ETP Tender as EIL Hardens Scope Despite Bidder Pushback
8EIL has pushed ahead with major scope additions and inflexible BOQ structures in BPCL’s Bina refinery ETP tender, leaving bidders exposed to sizing, integration, and commercial risk. Five top-tier water contractors participated, but unanswered queries hint at brewing pricing distortions.

8The abruptly cancelled bid for detailed engineering of a power recovery steam turbine at its refinery flagged early signs of overload—compressed deliverables, strict non-subcontracting rules, and zero flexibility on missed timelines, indicating a tough new stance on consultancy risk allocation.

8HPCL’s custom bid on GeM for a multi-product market study has been withdrawn after layering heavy-duty compliance clauses—especially for firms bound by NDAs—and denying leeway for startups.
8This raises broader questions about entry barriers in knowledge-based consulting work in Indian oil PSUs.

8Find out what really happened

8As emergency equity pours into Talcher, one PSU sees the trap and retreats.

8He want to rescue stranded Indian LNG investments but has he got it wrong?