8Over the past month, the product fell Rs 7.5/kg
8Compared with last year, levels are lower, and the latest sessions sat close to the trough of October trading

8On a three-month view, the product is up Rs 7/kg
8The monthly lens is flat, and recent sessions printed inside a narrow band

8On a weekly lens, Chloroform added Rs 2/kg
8The fortnight view is firmer by Rs 3/kg, marking a clean rise into late October

8Intimation of board meeting and earnings call for the quarter and half year ended September 30, 2025 [UPL]
8Cessation of Mr. D. Gunasekaran as independent director upon completion of second consecutive term and reconstitution of board committees [KICL]
8Independent ESG rating assigned to the company by ESG Risk Assessments & Insights Limited [GSFCL]
8Board clarifies temporary non-compliance under regulation 17 and reaffirms commitment to robust governance standards [KCFL]
8Board strengthened with new appointment and reconstitution effective October 30, 2025 [KCFL]

8Board approves sale of 51% equity stake in Hindustan Aegis LPG Limited by wholly owned subsidiary to associate company [Aegis]
8Earnings call for Q2 FY26 [JD]
8Clarification on media report and execution of non-binding MoUs with JNPT for proposed Vadhavan Port projects [Adani Port]
8Investor presentation – October 2025 [SWP]
8Q2 FY26 revenue up 128% YoY to Rs.624 Mn; H1 FY26 revenue rises 81% YoY to Rs.1,027 Mn [SWP]
8Appointment of Shri Shashi Bhushan Singh as interim compliance officer w.e.f. November 1, 2025 [ONGC]
8Financial results for the quarter and six months ended September 30, 2025 [MGL]
8Audio recording of analysts / investors call [ATGL]
8Financial results for the quarter and half year ended September 30, 2025 [HPCL]
8HPCL reports 731% surge in H1 FY26 standalone PAT; declares Rs.5 per share interim dividend [HPCL]
8Investor presentation – Q2 FY 2025-26 [HPCL]
8Additional session in auction market [IGX]
8Additional session in auction market [IGX]
8Cambay PSC update [Synergia]

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

8Project Name: Salem District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

8ONGC’s four-rig charter sets a rigid EDR calculus with capped downtime tariffs and a diesel-indexed fuel component.
8Bidder liquidity is tested by tiered EMDs and explicit monthly recovery for delayed PBG, on a 180-day mobilization leash.
8QCBS score-matching keeps technical weight while forcing uniform rate trims across ODR-linked elements.

1) Inspection-led QCBS valuation hardens lifecycle lens in ONGC Sagar Vijay valuation.
8ONGC wants a fair-market value that starts with steel, not spreadsheets.
8The TPA must inspect, model and forecast 10 years of O&M and major repairs, then defend its methods.
8QCBS and a mandatory price-breakup keep bids comparable without diluting methodological freedom.
 
2) EOI for sale of drillship Sagar Vijay: Bid clock pushed to 10 November 2025.
8The EOI timeline for the sale of ONGC’s drillship Sagar Vijay has been extended till 10 November 2025.
8The original deadline and clause-wise changes have not been disclosed, keeping bidders guessing on validity and security recalibrations.
8Whether this brief extension signals low participation or a planned re-scope will become clear only in the next corrigendum.

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

1) Assam tie-line clock starts on 400 mm, 5.6 km Nagajan–Kathalguri build in Oil India
8OIL has launched a single-stage two-bid contest to lay a 400 mm NB, 3-LPE coated gas pipeline over 5.6 km in Assam.
8With time declared the essence, a 30-day mobilization and 12-month finish compress the execution window.
8Integrity pact, e-BG and land-border compliance gates will shape who actually bids.
 
2) Clamp-on EPC pushes SIMOPS discipline and staged securities in western offshore clamp-on project
8ONGC’s clamp-on package adds three 30-inch conductors per platform at NBP-E, RS-21 and SV without pausing legacy production.
8SIMOPS rules with no standby and a strict 6001F regime shift risk from tariff buffers to engineering and logistics.
8Split PBGs and dense QA/marine audit artefacts harden close-out and warranty control.
 
3) Effluent shuttle shifts idle-time and quantity risk to road fleets in ONGC Cauvery Asset effluent water transport
8ONGC has put a 3-year, multi-route effluent shuttle on GeM with GPS, calibration and exclusive-use gates.
8No minimum quantity, distance normalization and a 6-hour placement SLA recast contractor economics.
8The e-PBG sits at 3% for 40 months, but the real pressure is on dispatch and queue discipline.
 
4) HPWBM plus call-out centrifuge hardens fluids reliability in Oil India HPWBM four-year hire
8OIL is bundling two full HPWBM service sets with a floating centrifuge to hold gauge and ROP across ~40 deep wells.
8The spec leans on hot-rolled stability, strict toxicity thresholds and Ex-certified power hardware to de-risk solids control in Zone-I/II.
8The cash bars are real, but the bigger test is inventory discipline and genuine deep-well résumés.
 
5) Fuel-switching steam plan scales CSS across 84 wells — ONGC Mehsana
8Mehsana is taking its CSS pilot commercial and wants cheaper steam than LPG can deliver.
8ONGC is testing two commercial lanes—supply-and-O&M or full hiring—backed by hard thermal parameters and five-year logistics.
8The market now must prove crude/gas-fired or other efficient steam at 200 TPD with ≥90% quality, reliably.

1) L1 undercuts the field by up to 88.9% on live-line hot tapping in ONGC Cambay Anklav Tee valve-replacement award
8A live hydrocarbon trunk line isolation drew a wide spread between the lowest and highest bids.
8ONGC’s no-subcontracting rule and a 10% performance security sharpened the qualification and cashflow bar.
8The price signal points to divergent risk loading on double stoppling integrity and reinstatement.
 
2) Festival-time extensions, quote floors and higher agency count are all denied in Assam pipeline ARC
8Twenty-two bidders entered ONGC’s Assam pipeline ARC with familiar anxieties over below-par bids and a festival-tight clock.
8ONGC refused to dilute competitive heat or stretch dates, while locking TPIA verification to the tender’s full value.
8The work-share-plus-EMD matrix now decides who dares to signal capacity — and at what cash cost.
 
3) Five calibration vendors line up for safety-valve ARC as ONGC skips PBC
8A three-year safety-valve ARC has drawn a compact field of five, all betting on bench accuracy and turnaround discipline.
8ONGC has kept the NIT intact, with firm pricing, standard securities, and no pre-bid conference.
8The real contest now moves to written clarifications, credential depth, and who can assure repeatable calibration at scale.
 
4) Corrigendum widens bid window and locks single-basis finance proofs for WBDF mega-buy
8ONGC has pushed the WBDF bid clock deep into November while clarifying how audited numbers must be presented.
8Bidders may rely on consolidated accounts only where standalone audit is not mandated, and they cannot mix bases across parameters or years.
8Experience guardrails are eased on system variants, but documentation discipline just got sharper.
 
5) Corrigendum issued on workover rig call-out tender by SunPetro in Gujarat SPPL-246
8SunPetro has released a bulletin against its Gujarat 100 MT workover rig RFQ.
8The shared page flags an amendment but does not disclose clause-level changes.
8Bidders must reconcile compliance and schedules against the complete bulletin before locking commercials.

8The refinery wants OEM-grade hydrotreating catalyst under hard sulfur, yield, and life guarantees. It is courting domestic suppliers—including new plants in India—while locking performance with a life-long PBG and PGTR. The price baton moves to a single landed-cost line on GeM, with penalties for any slip on specs.

8OIL has quietly shrunk the torque bar on its 1000-HP mobile rig charter while keeping hazardous-area compliance intact.
8A short, two-day date push to 06-11-2025 hints at bidder-side equipment realities rather than scope churn.
8The downstream stakes are in who can now qualify without inflating rates — and how long OIL keeps this window open.

1) MPC well-stimulation bid end shifted to 05 November 2025 in Baghewala field
8Oil India has pushed the MPC six-well bid window to 05 November 2025, a seven-day slide from the original 29 October deadline.
8Validity and securities appear unchanged, keeping bidder liquidity on the hook even as documentation time improves.
8Whether this is a simple participation bridge or a prelude to scope clarification will be visible in the next notice.
 
2) Ground flare system bid now closes on 03 November 2025 for Bhaskar-I field
8SunPetro has granted a final extension for the Bhaskar-I ground flare system, pushing the bid clock to 03 November 2025.
8All other terms remain unchanged, keeping validity and security exposure on bidders even as engineering time improves.
8The hard stop will test participation depth and reveal who is truly execution-ready.
 
3) Bid clock slips again as design and compliance clauses are pared for execution for Jorhat CBG plant
8OIL has pushed the bid timelines on its 125 TPD Jorhat CBG plant after a string of design and compliance trims.
8Blanket 130% oversizing is gone, training is out, and PCB-anchored norms replace earlier fixed numbers.
8The date moves buy time, but they also hint at a tighter, execution-first package where only proven EPCOM benches will stay in contention.
 
4) Bid clock pushed to 06 November amid compliance tightening and training deletions in Agartala CBG
8OIL has extended the bid timeline on its 160 TPD Agartala CBG package to 06 November 2025.
8The move follows a series of governance and compliance trims — from deleting training and fuzzy manpower penalties to locking approved makes and norm-anchoring flares/effluents.
8The calendar shifts buy bidders time, but they also raise the bar for an execution-ready bench.
 
5) Bid clock pushed to 19 November as scope and safety clauses are finalised in 125 MT workover rigs contract
8OIL has rolled the bid window again, landing the close on 19 November 2025.
8The move follows a hard pivot to seven uniform rigs without accessory packs, mast-mounted cat-works, dual brake options, and PESO-tied engine silencers.
8Tool-kits are now per rig, verification remains strict, and bidders get time to lock clean, defensible offers.

8Find out who they are

1) CA-01 resets bid clock for composite works-II at BCPL Lepetkata.
8EIL has issued a commercial amendment to clean up the bid-phase timeline. The pre-bid, submission cutoff, and unpriced opening are now pinned to late October and early November. The availability date on the website has also been corrected for record integrity.
 
2) HPCL front-loads approvals and field discipline into Bhogapuram ATF commissioning
8HPCL’s Bhogapuram brief pushes the consultant to own PESO and DGCA gates, not just write method statements. The scope hardwires EI/JIG-grade flushing, surge checks, and ESD tests into a sectional plan for the new hydrant network. Reverse auction and a modest turnover bar widen the field, but penalties on approvals keep the risk on the winner.
 
3) Option clause and PGTR penalty sharpen execution math in BPCL Mumbai Refinery
8BPCL has imposed a plus-minus25% quantity/duration swing through a GeM corrigendum for steam turbine-generator systems for NHGU and SRU units that overrides earlier bid terms. The RFQ also layers a 5% penalty for PGTR shortfall on NHGU and SRU, in addition to LD. High ePBG duration and experience bars will likely shape a tighter OEM-led field.
 
4) Mathura tank integrity job tightens RA and cashflow terms
8IOCL has pushed a legacy-tank documentation and adequacy job with strict API/OISD compliance demands. Pre-bid attempts to relax payments and disable RA were turned down, signalling hard guardrails. A user-flagged date extension buys time, but the technical bar remains high.

1) Crane operations ring-fenced with LD and 5% PBG in BPCL Kochi refinery DCU
8BPCL Kochi has floated a two-year rate contract to run the DCU bridge crane on a two-shift regime. The pack locks in LD, a one-year DLP, and a 5% performance security alongside a value-only ARC. The fine print around price-breakup, TPIA-verified PQ, and GeM timelines will shape who bids.
 
2) Man-day clauses tightened as bid clock shifts to 4 November in NRL NREP EPCM-1 instrumentation
8NRL has pushed the Group A submission to 4 November with a matching 5 November technical opening. A fresh addendum also hardens how post-completion man-days are treated, decoupling them from other SOR lines and codifying inclusions. The MS block lot tracks the same baseline, but addendum text for B was not visible in the file set.
 
3) Three-step date push extends ONGC Hazira pipeline composite bid by 64 days
8EIL has moved the bid due date three times, now closing on 13 November. Integrity Pact compliance and Class-I-only eligibility remain non-negotiable gates. The scope’s brownfield choreography and deep SOR stack shape bidder strategy more than quantities.
 
4) Bid window pushed to 10 Nov for thick-wall columns in BPCL Bina BPREP
8BPCL’s BPREP column package has gained time without relaxing its zero-deviation stance. Two extensions now add up to a 26-day cushion over the original due date. The high-bar BQC and itemwise evaluation remain intact, keeping competition disciplined.
 
5) GMPL extends PTA O&M assistance bid and deletes overtime clause
8GMPL has pushed its PTA operations assistance bid to 05-11-2025 from 30-10-2025. A parallel corrigendum quietly drops the double-rate overtime and comp-off construct from SCC 6.9. SEZ pricing is reaffirmed as GST-exclusive under ATC

1) Reverse auction with H1 lock-out, safety-weighted scoring frame mobile oil spill offshore unit O&M at Vadinar
8IOCL wants two MOSRUs run like a readiness service, not a driver pool. The bid hard-codes safety and schedule marks while tightening reverse-auction hygiene. What it doesn’t say—PBG %, LD caps, or crew standards—may decide margins in execution.
 
2) Lifecycle-weighted compressor buy sets the tone at NRL PPU
8EIL has framed the PPU compressor package to be evaluated on a bottom-line basis that includes FAT, HAZOP, training, and a 3-year AMC. CPS/WBG and TPIA oversight lock in performance discipline while EMD is waived. Reverse auction and part/repeat orders are off the table, raising the premium on first-cut technical credibility.
 
3) RG condenser RFQ opens for PPU in Numaligarh
8NRL has launched a bottom-line evaluation RFQ for a reactor-gas condenser in its polypropylene project. Class-I/II local suppliers must bid in INR, with TPIA oversight and a 17-month delivery clock. An NDA gate and integrity pact frame a no-reverse-auction, no-EMD contest.
 
4) Kochi polypropylene: Expander revamp mandates new bypass valve and control-logic overhaul
8The polypropylene project is pushing more flow to its power recovery expander and wants the controls to keep up. The tender hard-codes a new bypass valve and a re-written logic stack under API 612 discipline. Deviations face rejection and the bidder must prove field-proven expander credentials.
 
5) EIL turns off RA and tightens BOQ discipline in retender in MRPL Bio-ATF material handling
8A pre-filled SOR with a single percentage quote now drives the competition. Reverse auction is expressly off, and the contract is indivisible with JVs barred. A Teams BOQ discussion aims to reduce form errors without extending the bid clock.

8Merit order reveals a three-tiered gas economy — liquid-fuel units at the costliest remain emergency-only,
8LNG-fed combined cycles hover near half that level, while domestic gas units are seven times cheaper.
8The numbers expose how India’s quick start power runs on three parallel tracks of cost, policy, and relevance. And all of this just does not make sense, eventually.

8India’s first large pumped-storage project is now operational, delivering dispatchable power from stored renewable energy. Its flexibility mimics the peaking role once played by gas-based stations. But while it can flatten the demand curve

8It was a hair-brained scheme
8Never meant to work

8It was a hair-brained scheme
8Never meant to work

8Find out who won, and who lost

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