News & Bulletin Updates

8Indian Oil Corp. aims to establish a large petrochemical complex and consolidate its green assets to balance its portfolio and prepare for the evolving energy landscape. IOC's final approval of a $7 billion petrochemicals hub in eastern India will bring the company closer to achieving a petrochemical intensity index of 14%-15% by 2030, up from the current 5%.
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8PNGRB has released a long-awaited tariff order for GAIL's pipeline network, which will further strengthen GAIL's operating environment in FY24E-FY25E. Find out what the current tariffs reflect GAIL’s future revenue.
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8Get the latest rubber prices for Singapore.
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8The British CMA had concerns about INEOS buying MBCC Group's chemical assets, which were being sold as a remedy for Sika's acquisition. The parties terminated the agreement, and Sika will sell the assets to a private equity firm.
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8A leading manufacturer of cutting-edge intermediates and active ingredients for the pharmaceutical, material science, agrochemical, etc. has signed a Memorandum of Understanding (MoU) with the Gujarat government to establish new manufacturing facilities with an estimated investment of Rs. 1000 crore. By 2025, the business hopes to have the plants operational.
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8Mitsui Chemicals updates transfer details of subsidiary MPS to INEOS Holdings Ltd and expects to recognize profit in non-consolidated financial closing for the fiscal year ending March 31, 2023.
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8Discounted tickets are available for RubberCon 2023, but for a limited time only. Tickets are available at a discount of 20%. Find out how to take advantage of this offer and book the tickets.
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8The tire technology international awards for innovation and excellence recognize recent advancements in tire technology and sustainability efforts. In 2023, awards were given in 13 categories. Winners included sustainable material tire designs, manufacturing technology for reducing emissions, and a tire database. The awards also recognized individuals within the industry for their contributions.
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Rs. 789 crores 765 kV D/c transmission line at KPS2 project: RFQ coming up 
8Application for forest clearance stage 1 are yet to be submitted.
8Detailed surveys and investigations are yet to be started.
8RFQ for the 765 kV GIS sub-station works package in Q3 2023
Rs. 624 crore 765 kV D/c transmission line at KPS3 project: RFQ coming up
8Application for forest clearance, PTCC, railway, and defense is yet to be started.
8RFQ for the 765 kV D/C transmission line works is likely to be floated in Q3 2023
 Rs. 31876 crore greenfield multipurpose project: RFQ coming up
8EC has been granted.
8Contractor has been selected for the civil works
8RFQ for the hydro-mechanical works (lot-5) is likely to be floated in Q2 2023
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8Project Name: Jhansi District City Gas Distribution
8Project Cost: Rs 250 crore.
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8Project Name: Vadodara District City Gas Distribution
8Project Cost: Rs 200 crore.
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The Adani-Total deal has come under question
8The French press has taken up cudgels
8Find out what is happening next
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8A refinery expansion-cum-debottlenecking programme is coming up
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Augmentation of Mangalore Terminal
8Find out what is going on, and what kind of completion timelines are we talking about
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Get an update here on the Pipeline Replacement project-VII of ONGC
8What is the kind of marine spread deployed for topside repairs and for pipeline work
8Also, know more on how new regulations have cause trouble for the project

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Ammonia-Urea Brownfield Project
8Cost: 6000 crore
8Project Event: More contracting ahead
Ammonium Nitrate Melt Greenfield Project
8Cost: 188 Cr.
8Project Event:The bid due date of the end to end studies of Ammonium Nitrate Melt project has been extended from 27 March to 3 April 2023, due to lack of suitable bidder. The engineering service is being performed by Casale. L&T Hydrocarbon is the LSTK contractor.

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Technical Ammonium Nitrate Greenfield Project
8Cost: Rs 1170 Crore
8Project Event: The company is planning to hire a technology licensor, The RFQ is likely to be released in April 2023, RFQ for LSTK contractor is likely to be released in June 2023.
Ammonia Storage Tank Greenfield Project
8Cost: Rs 250 Cr.
8Project Event:The purchase of long lead item is ongoing, construction is likely to  start in Q2 2023, Thyssunkrupp has been finalized for LSTK contractor.

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Gas prices are ruling low
8But that cannot be taken as granted as many balls are up in the air
8Find out more on what can upset the applecart
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The integrated tariff gives GAIL half the extra money it sought to net
8But then that can change
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Petrochem sources reported a fall in fipronil prices in the Ahmedabad chemical market.

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Pymetrozine's 97% costs fell in Mumbai ahead of constrained regional product availability and increased buying attitudes.

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An elevated trend is noticed in thiamethoxam prices.

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Acetamiprid 97% costs were lower in the Ahmedabad market on March 27, 2023.

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The cost of imidacloprid decreased today in the Mumbai market.

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According to Petrochem sources, the price of chlorpyrifos 97% has decreased in the Ahmedabad chemical market.

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