8Here's what's happening today in the Midstream-downstream, and CGD section
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8In its latest milestone-based consultancy tender for Visakh Refinery, HPCL imposes hybrid resource deployment, multi-party approvals, and rigid performance securities—offering no timeline buffer, no subcontracting flex, and limited cost shielding. The burden is squarely on the consultant.
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8Bidders on the Bina CPU package face a compliance-heavy playing field, with GST input credit denied, stringent bank norms, and a 14-month LSTK schedule unrelaxed despite red flags. BoQ errors and scope deletions add to the documentation haze.
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This refiner has identified 10 OALP-X blocks that it wants to bid for eventually
8May not be all 10 but due diligence is on
8Find out how it is going about doing it
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8Essar advocates regulatory overhaul to unlock $100 bn energy investment at CII forum (Essar)
8Proposed sale of Cambay PSC 50% WI to Selan Exploration (Synergia)
8Cambay PSC work program update (Synergia)
8Gas market update June 2025 (IGX)
8Business responsibility and sustainability report for FY 2024–25 (GES)
8Annual report 2023–24 (GES)
8Asian Energy approves director pay and related party deals via postal ballot (AE)
8SWPE to invest INR 2.8 crores in Alara Resources Limited following shareholder approval (SWP)
8Extension of contract period for charter hire of vessel SEAMEC II (Seamec)
8ONGC awards Rs 39.2 crore contract for spider deck repair at NLM9 platform in Western Offshore (Seamec)
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8Agromet advisory bulletin by Meteorological Centre Bhopal (IMD)
8Review of CRISIL ratings on the bank facilities of Madhya Bharat Agro Products Limited (MBAPL)
8Review of CRISIL ratings on the bank facilities of Krishana Phoschem Limited (KPL)
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It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
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8LNG
8Crude
8Chemicals
8Fertilizers
8Coal and Coke
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8Ammonia
8All tankers
8Bulk and Dry cargo
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8Explore the latest bulk chemical prices from the Mumbai market, updated for today
8Stay informed with comprehensive insights into key commodities and trends
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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
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8Draft rules show ambition, but control shifts are unmistakable
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Six-way showdown for Petronet pipe supply: Big names enter Dahej 3LPE bid race
8EIL’s tightly-framed Dahej tender for 3LPE coated pipes sees six major players qualify for technical scrutiny, setting the stage for a price-war in the polypropylene push.
Single-vendor heat: Kobe Steel lone contender for PLL’s Dahej compressor bid amid strict OEM-packager carve-outs
8Despite EIL’s stringent eligibility criteria requiring OEM-backed references and multiple risk buffers, only Kobe Steel has bid for the rotary screw compressor package in PLL’s PDH-PP project. The bid structure's rigidity, especially around PTR proof, OEM-packager alignment, and double PBG layers, may have stifled broader participation.
Paramount wins NRL cable contract with tight margin over LKB: Price war narrows to 3.5% gap
8Paramount Communications clinched the Rs 11.46 Cr supply order for instrumentation cables at NRL’s GDS–PRU–LPGTU units, edging LKB Engineering by a slim 3.57% margin. Price divergence among bidders hints at cost model variances and technical interpretation gaps.
Techcult bags IOCL Digboi consultancy at 28% below estimate amid tight race and multiple disqualifications
8A steep undercut by Techcult Engineering secured IOCL’s Digboi consultancy job at Rs. 22 lakh—nearly 30% below estimate. With three bidders disqualified and prices ranging wildly, the award signals rising pricing pressure and qualification hurdles.
IOCL awards Gujarat Refinery QRA study at 16% below estimate after disqualifying 8 bidders
8In a tightly contested bid for critical risk analysis of Gujarat Refinery, Techniche Engineering secured the contract at Rs.18.47 lakh—undercutting IOCL’s Rs.22 lakh estimate by over 16%. With 8 bidders disqualified, the result signals IOCL’s hardline on technical qualification and low-margin contracting environment.
Tight finish in IOCL’s PMC tender as L1–L3 bids land within 0.3% spread
8IOCL’s Rs 124 Cr PMC tender for Maharashtra sites saw L1–L3 bids clustered within a 0.3% range, suggesting mature pricing and limited room for undercutting. Six firms were disqualified, underlining the role of compliance documentation and technical rigor.
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Here is an update:
8Twenty GAs still stuck in neutral despite years of CGD licensing
Several gas network areas across Assam, Kerala, Tamil Nadu, and Chhattisgarh report no PNG connections or pipelines, raising serious questions about rollout accountability.
8Tamil Nadu’s city gas buildout falters in its newest districts
Despite big commitments, many Tamil Nadu GAs are showing negligible progress on PNG and pipeline targets even after years of authorization.
8Kolkata expands, but Bengal’s rural CGD zones barely register progress
The state capital leads by example, but adjoining districts in West Bengal continue to underperform, failing to convert ambitious targets into real-world gains.
8Gujarat’s legacy networks continue to outperform the rest of India
Older GAs in Gujarat show strong pipeline growth and PNG overachievement, indicating that early movers remain more efficient than newer entrants.
8Punjab’s new CGD regions show weak start and low momentum
Recent licensees in Punjab struggle to scale PNG connections, with many zones failing to achieve even initial rollout benchmarks.
8Eastern Uttar Pradesh shows mixed signals on gas infrastructure
Some districts report modest recovery, but most eastern UP GAs continue to lag behind in pipeline coverage and domestic connection delivery.
8Major licensees fall short in multiple newly awarded districts
Large players including public and private entities are under-delivering across new GAs, especially in Odisha, Telangana, and central India.
8Dozens of CGD zones still below the hundred inch-kilometer mark
Pipeline rollout remains stalled in many areas, with a significant number of networks yet to achieve basic coverage levels.
8Massive target overachievement in select cities exposes flawed benchmarking
A few urban zones are surpassing PNG targets by huge margins, pointing to unrealistic MWP baselines during licensing.
8India’s northeast gas expansion remains stuck on paper
New licenses across Arunachal Pradesh, Mizoram, and Tripura show no physical progress months after award, casting doubt on operational feasibility.
8Most CGD networks have yet to cross the halfway mark
Despite multiyear rollout periods, more than half the GAs are still far from reaching even half of their MWP commitments.
8India’s newer CGD rounds are dragging national progress down
While early licensed GAs have matured, the most recent rounds continue to show weak execution, exposing a widening performance gap.
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8High tech costs, long gestation, and operational complexity are turning early bio-CNG bets into margin traps.
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8McDermott awarded offshore contract by Brazil's BRAVA Energia [McDermott]
8PNGRB invites bids for authorization of DKPL ATF pipeline from Devangonthi to Kempegowda International Airport fuel farm under Regulation 5 [PNGRB]
8Monthly CGD progress report – as on 31.05.2025 [PNGRB]
8Annual report 2024–2025 [Sealmatic]
8Intimation regarding deduction of tax at source on dividend [Afcons]
8ESG rating by Crisil ESG Ratings & Analytics Ltd. [ATGL]
8Board of Selan Exploration takes note of NCLT-sanctioned scheme of arrangement with Antelopus Energy at meeting [Selan]
8Notification for ROU acquisition in Tamil Nadu for Irugur–Devangonthi pipeline project by BPCL [Gazette]
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8Here's what's happening today in the E&P, midstream-downstream, and CGD section
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Big three enter the ring: Sphere Package draws elite tank fabricators
8GR Engineering, Sharp Tanks, and Vijay Tanks bring heavyweight EPC muscle to BPCL’s sphere package—raising the stakes in a contract defined by strict qualification norms.
HPCL tender filters one bidder out as it seeks multi-disciplinary design input for Anantapur LPG revamp
8A 4-bidder race ends with one disqualified as HPCL structures its consultancy scope for LPG capacity augmentation through hybrid deployment and milestone-based payouts. Will this model foster control or create coordination lags?
Risk lens narrows: BPCL limits QRA bid to in-house vendors, 50% disqualified in evaluation
8BPCL’s limited vendor policy on its duplex AFC risk study has already sidelined half of the competing bidders. Is quality control the motive—or controlled competition?
QRA bid for Gujarat Refinery: Only 3 of 11 bidders clear technical bar amid IOCL’s deep-dive safety mandate
8IOCL’s ambitious QRA/CRA scope for Gujarat Refinery demands high pedigree—yet only three out of 11 bidders cleared the technical round, reflecting how stringent experience and process safety credentials are becoming a structural filter.
AS Cooling lands BPCL Kochi tower package with 42% price edge: Margin stress visible across bids
8A sharp 33–42% price delta between L1 and L2 raises red flags about sustainability, even as AS Cooling clinches 3 of 5 BoQs. With BoQ5 awarded separately, vendor strategies show signs of tactical cherry-picking and undercutting.
Tight margins, wide gaps: HAZOP study tender shows intense undercutting at the top
8In IOCL’s HAZOP consultancy tender, Wire Consultancy clinched L1 by quoting 22% below the estimate — just a whisker ahead of iFluids. But a 5x spread between L1 and L6 suggests pricing chaos, margin mismatches, and uneven market understanding among bidders.
Low-bid consultancy win at Paradip triggers pricing alarm: 158% spread raises margin questions
8With a 158% gap between L1 and L2, IOCL’s Paradip refractory consultancy award exposes pricing tensions in limited tender scenarios. Future bids may see more scrutiny on cost realism.
Thermax wins PDH heater package with 22% price edge: EIL’s aggressive tendering puts L2 and L3 far behind
8Thermax Babcock & Wilcox Energy Solutions has clinched the fired heater package for PLL’s PDH unit, quoting Rs. 277 crore—undercutting L2 by a striking 22%. A sharp price spread raises questions on risk loading and margin appetite across the board.
Tight race for MRPL gas compressor sees Siemens edge out Burckhardt by 1.7%
8Only two bids cleared the bar for the Bio ATF plant’s recycle gas compressor package, with Siemens clinching the deal at Rs. 18.29 crore. The narrow 1.74% price spread hints at well-benchmarked costing and leaves little room for margin play.
Single bidder wins Dahej land and GMB coordination tender amid 75% disqualification rate
8HPCL’s twin-scope service tender at Dahej closed with only one valid bidder. The awarded price of Rs.10.8 lakh points to either deep local familiarity—or a possible margin squeeze.
Heat Exchanger Tender Cracked at Rs. 6.5 Lakh: 40x Undercut Raises Risk and Reliability Questions in Dahej PDH-PP Project
8A heat exchanger tender for the PDH-PP project at Dahej saw the L1 bidder quoting just Rs. 6.5 lakh — a shocking 40x lower than the typical range of Rs. 2.7–4.7 crore from other bidders. The pricing spread raises concerns of scope mismatch, predatory bidding, or systemic evaluation gaps.
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ONGC puts LTSOBM bidders under twin stress: Rajahmundry fluid services scope ups compliance heat and inventory risk
8In a tightly scoped 3-year fluid engineering contract for 18 high-pressure wells, ONGC has frontloaded chemical QA, legacy fluid reuse, and stringent minimum inventory mandates on bidders. 8With site operations spread across 3 rigs and chemical compliance monitored down to bulk testing and packaging, contractors face cost exposure well beyond routine norms.
8Clause-linked penalties and sampling audits mark a sharp pivot in risk allocation.
Axle overhaul tender shifts pressure to bidders: ONGC’s Vadodara contract frontloads supply chain and delivery risks
8In a new 3-year rate contract for critical rig component overhaul at CWS Vadodara, ONGC has stripped down flexibility on spares sourcing, enforced tight bid norms, and provided no cost buffer for part substitutions.
8With OEM dependencies unaddressed and penalty frameworks looming post-award, the tender raises both operational uncertainty and bidder hesitancy.
OIL floats high-stakes rig charter for Rajasthan heavy oil: Rs 8 Cr bid bond, full-service IDS scope tightens competition
8OIL India is inviting global bids for two Integrated Drilling Services packages in Rajasthan’s Baghewala area, covering 20 wells or 2 years.
8With an INR 8 Cr bid security and tight mobilization clauses, the tender leans heavily in favor of OIL’s risk mitigation, even as performance timelines and compliance obligations raise contractor entry hurdles.
OIL eyes multistage fracking revival in Assam’s Balimara cluster: Five horizontal wells on horizon
8Oil India has floated an EOI to scout experienced vendors for multistage fracking in five horizontal wells in Assam’s Barail formation.
8The move signals a fresh production push in tight reservoirs, with early vendor feedback shaping the scope for a likely open tender. The pilot nature and zone depth (~3900m TVDSS) imply both opportunity and execution risk for service providers.
Bidder tripwire in SPF tender: OIL’s price sheet fix raises rejection risk amid vague clause cover
8OIL India’s SPF tender rewrites its price bid format mid-way, threatening disqualification for format error—even as qualification, MSE relief, and contract-splitting rules remain opaque.
8The lack of direct bidder engagement signals a contract tilted firmly in the client’s favor.
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PNGRB floats tight-control ATF pipeline bid for KIAL: Rs. 30L entry, strict route & zero-deviation clauses
8PNGRB has launched bidding for a 40-km ATF pipeline to Kempegowda Airport with steep Rs. 30 lakh entry fee and tight regulatory compliance. Entities must self-negotiate access with KIAL and adhere to a rigid, no-exception bidding framework—favoring large incumbents.
NRL restricts ESG consultancy race to Big 7 firms: QCBS model trims MSME entry, cashflow strain possible
8Numaligarh Refinery’s Rs.Cr+ ESG consultancy bid mandates a high-bar QCBS filter, favouring global majors like McKinsey, BCG, and EY. MSMEs and startups are locked out despite rising ESG advisory talent in India, raising questions on procurement equity and deliverable flexibility.
Fifth extension signals vendor caution in BPCL’s polyolefin package at Bina
8A technically dense and IP-restricted EPCC tender for BPCL’s polypropylene and Butene-1 units has seen five deadline extensions, the latest pushing closure to July 22. The repeated slippages hint at bidder apprehensions on IP clauses, liability risks, and scope complexity.
PLL tightens contractor controls in Dahej steam package: Price schedule overhauled, PBG scaled to cost hikes
8Petronet LNG’s Dahej steam system tender now demands PBG recalibration for price escalations and introduces a stricter withdrawal regime with blacklisting risk. EIL’s rolling BG mechanism and shift from “Provisional Acceptance” to “Commissioning” mark a decisive move to defer liability and tighten financial safeguards.
SAF catalyst EOI gets second extension, IOCL eyes hybrid revamp–grassroot strategy for HEFA rollout
8IOCL’s SAF push via HEFA route gets a timeline boost with bid submission now extended to 25 July 2025. The dual-track strategy—revamp of hydrotreaters and greenfield build—marks India’s most structured attempt yet at scaling aviation biofuel infrastructure under CORSIA norms.
PLL’s water block EPC tender tightens specs, resists bidder concessions amid July deadline push
8Despite a host of requests for relaxations in bank guarantees, penalty caps, and payment terms, EIL has held firm on commercial terms for PLL’s complex RWTP–RODMP–CPU–ETP package. A sharp revision in technical specs and drawings under TA-01 may reset cost assumptions just weeks ahead of the final bid deadline.
EIL sharpens compliance specs in CDU–VDU heater bid: Anti-vibration norms, stacking revisions signal higher contractor burden
8EIL’s latest technical amendments to BPCL’s CDU–VDU heater package tighten inspection, vibration control, and modular erection norms—putting more design, risk, and shop-fabrication responsibility on contractors. The changes mark a clear shift toward pre-verified assemblies and stricter structural accountability.
MRPL extends VOC system tender 4th time: Critical specs relaxed, steam tracing dropped, and scope clarified
8After four deadline extensions, MRPL has clarified key engineering ambiguities in its VOC collection and treatment tender. Major deviations include the removal of VFD requirements, relaxed tracing needs, and drainage scope fixes—reducing cost but raising design diligence expectations for vendors.
EIL pushes HPRT generator bid deadline thrice: Stringent specs limit eligible OEMs for Bina Petchem expansion
8The tender for BPCL’s HPRT-Electric Generator Package under BPREP has seen three extensions, hinting at bidder hesitation amid stiff qualification norms, deep vertical integration demands, and tight reference compliance. Risk exposure, supply chain expectations, and rigid structuring remain key hurdles.
High-bar entry: EIL pushes CCR bid deadline again as UOP NDA delays stagger scope access
8The bid deadline for Petronet’s Dahej CCR unit has been pushed to July 29, reflecting delays in executing UOP’s mandatory NDA. With technical documents gated behind offline confidentiality protocols, vendors face prep bottlenecks in this high-stakes licensed package.
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8Rallis India Ltd to Host Q1 FY26 Earnings Conference Call on July 15, 2025 [RIL]
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8Get a complete synopsis and price comparison trends here
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8A combination of factors is at work, get the latest roundup prices
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8Prices have shifted according to sources, find out how far the price has moved
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